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<br />~ <br />~. <br /> <br />4. It is found and determined that it is in the best financial interests of the City that <br />the City issue and sell its general obligation bonds (Bonds) pursuant to the Improvement Act, the <br />TIF Act and the Utility Act to finance the cost of the various improvements described above. <br />The sale of these Bonds is hereby authorized. <br /> <br />5. Springsted Incorporated is authorized and directed to solicit offers for the purchase <br />of the Bonds and to present those offers to the City Council at a Council meeting to be held on <br />a future date. <br /> <br />6. Springsted Incorporated is authorized and directed to prepare an official offering <br />statement for the Bonds containing all of the details and specifications of the Bonds for use in <br />offering the Bonds for sale. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Member <br />T.ar<;;on , and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />Benke. Gunderman. Larson, Samuelson, Williamds <br />and the following voted against the same: <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />CITY OF NEW BRIGHTON <br /> <br />~Ur <br /> <br />~~Manager <br /> <br />ATTEST: <br /> <br />Mar~~ <br /> <br />City Clerk/Finance Director <br /> <br />llJK1l1Cl40 <br />NEU6-.137 <br />