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<br />-c., ..' <br /> <br />Extract of Minutes of Meeting of the <br />City Council of the City of New Brighton, <br />Ramsey County, Minnesota <br /> <br />Pursuant to due call and notice thereof, a regular meeting of the Council of the <br />City of New Brighton, Minnesota, was duly held in the City Hall in the City of New <br />Brighton, on Tuesday, May 28, 1996, commencing at 7:30 o'clock P.M. <br /> <br />The following members were present: Benke, Gunderman, Larson, Williams <br /> <br />and the following were absent: Samuelson <br /> <br />* * * <br /> <br />* * * <br /> <br />*** <br /> <br />Member (;llnnprmlOln <br /> <br />introduced the following resolution and moved its <br /> <br />adoption: <br /> <br />RESOLUTION NO. 96-fi.l..l.. <br /> <br />RESOLUTION PROVIDING FOR THE PREPAYMENT AND <br />REDEMPTION OF CERTAIN OUTSTANDING <br />GENERAL OBLIGATION BONDS OF THE CITY <br /> <br />BE IT RESOLVED By the City Council of the City of New Brighton, Ramsey <br /> <br />County, Minnesota, as follows: <br /> <br />1. The City has issued and sold its General Obligation Improvement Bonds <br />of 1986, Series A, dated August 1, 1986 (Bonds) in the total principal amount of <br />$2,125,000. Bonds maturing after February 1, 1993, are subject to redemption and <br />prepayment on that and on any interest payment date thereafter at a price of par <br />plus accrued interest. <br /> <br />2. It is determined that it is in the best interests of the sound financial <br />management of the City that Bonds maturing on February 1 in the years 1997 to and <br />including 2001, comprising all of the Bonds subject to redemption, be prepaid and <br />redeemed on August 1, 1996 and those Bonds are hereby called for redemption on <br />that date. <br /> <br />DJX104539 <br />8136-130 <br />