My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
97-007
NewBrighton
>
Council
>
Resolutions
>
Resolutions 1997
>
97-007
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/3/2005 3:05:46 PM
Creation date
8/2/2005 4:01:15 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
16
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />After due consideration of the proposals, Member <br /> <br />Larson <br /> <br />then introduced <br /> <br />the following resolution and moved its adoption: <br /> <br />RESOLUTION NO. 97-007 <br /> <br />A RESOLUTION AWARDING THE SALE OF $3,435,000 <br />GENERAL OBLIGATION TAXABLE TAX INCREMENT <br />BONDS, SERIES 1997D; <br />FIXING THEIR FORM AND SPECIFICATIONS; <br />DIRECTING THEIR EXECUTION AND DELIVERY; <br />AND PROVIDING FOR THEIR PAYMENT <br /> <br />BE IT RESOLVED By the City Council of the City of New Brighton, Ramsey County, <br />Minnesota (City) as follows: <br /> <br />Section 1. <br /> <br />Sale of Bonds. <br /> <br />1.01. It is hereby determined that: <br /> <br />(a) the City has duly established Development district No.1 (District) pursuant <br />to Minnesota Statutes, Sections 469.124 through 469.134 (Act); <br /> <br />(b) the City has duly established tax increment financing district nos. 15 and <br />25 (TIF Districts) within the District pursuant to Minnesota Statutes, Sections 469.174 to <br />469.179 (TIF Act); , <br /> <br />(c) the City is authorized by section 469.178 of the TIF Act to issue and sell <br />its general obligations to pay all or a portion of the public redevelopment costs (Costs) <br />related to the District as identified in the redevelopment program and tax increment <br />financing plan (Plan) for the TIF District. <br /> <br />~(d) the Plan lists the following Costs to be financed by the general obligations: <br /> <br />Public Improvements <br /> <br />T atal Develooment Cost <br /> <br />Project Costs <br />Issuance Costs <br />Underwriter's Discount <br /> <br />$3,361,012 <br />29,333 <br />44,655 <br /> <br />Total Issue <br /> <br />$3,435,000 <br /> <br />DJK1l5944 <br />NE136-1J7 <br />
The URL can be used to link to this page
Your browser does not support the video tag.