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Extract of Minutes of Meeting of the <br />City Council of the City of New Brighton, <br />Ramsey County, Minnesota <br />Pursuant to due call and notice thereof, a regular meeting of the Council of the City of New <br />Minnesota, was duly held in the City Hall in the City of New Brighton, on Tuesday, <br />Aust 28, 2012, commencing at 6:30 P.M. <br />The following members were present: <br />Dave Jacobsen, Councilmembers Gina Bauman, Mary Burg, Paul Jacobsen and Char <br />and ge following were absent: <br />Member Burg introduced the following resolution and moved its adoption: <br />RESOLUTION NO. 12-068 <br />RESOLUTION PROVIDING FOR THE PREPAYMENT AND <br />REDEMPTION OF CERTAIN OUTSTANDING <br />GOLF COURSE GROSS REVENUE BONDS OF THE CITY <br />BE IT RESOLVED By the City Council of the City of New Brighton, Ramsey County, <br />as follows: <br />1. The City has issued and sold its Golf Course Gross Revenue Bonds, Series 1999C, <br />dat August 1, 1999 (the "Bonds") in the total principal amount of $645,000. Bonds maturing on <br />or af er November 1, 2006, are subject to redemption and prepayment on November 1, 2005 and on <br />any c ate thereafter at a price of par plus accrued interest. <br />2. It is determined that it is in the best interests of the sound financial management of <br />SJB NE136-244 <br />