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97-006
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97-006
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8/3/2005 3:06:42 PM
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8/2/2005 4:03:27 PM
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<br />'-- <br /> <br />.. <br /> <br />After due consideration of the proposals, Member Larson <br /> <br />then introduced <br /> <br />the following resolution and moved its adoption: <br /> <br />RESOLUTION NO. 97-006 <br /> <br />A RESOLUTION AWARDING THE SALE OF $1,565,000 <br />GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1997C; <br />FIXING THEIR FORM AND SPECIFICA nONS; <br />DlRECTrNG 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 />Mirmesota (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 the Development District No. 1 (District) <br />pursuant to Mirmesota Statutes, Sections 469.124 through 469.134 (the <br />Act); <br /> <br />(b) the City has duly established tax increment financing district nos. 18 and <br />20 (TIF Districts) within the District pursuant to Mirmesota Statutes, <br />Section 469.174 to 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 <br />costs (Costs) related to the District as identified in the redevelopment <br />program and tax increment financing plan (Plan) for the TIF District; <br /> <br />(d) the following Costs to be financed by the Bonds are authorized by the <br />Plan: <br /> <br />OJKllS93S <br />NE136-137 <br />
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