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<br />,,~\ <br /> <br />. , <br /> <br />.! <br /> <br />Extract of Minutes of Meeting <br />of the City Council of the City <br />of New Brightont Ramsey County t Minnesota <br /> <br />Pursuant to due call and notice thereof a regular meeting of the City Council <br /> <br />of the City of New Brightont Ramsey CountYt Minnesotat was held at the City Hall <br /> <br />in the City on Tuesday, May 24t 1994, commencing at 7:30 o'clock P.M. <br /> <br />The following members of the Council were present: <br /> <br />Benke, Williams, Larson, Santlelson, and Gundennan <br /> <br />and the following were absent: <br /> <br />NONE <br /> <br />... <br /> <br />... <br /> <br />... <br /> <br />The following resolution was presented by Councilmember Gundennan who <br /> <br />moved its adoption: <br /> <br />RESOLUTION NO. 94-065 <br /> <br />RESOLUTION PROVIDING FOR THE ISSUANCE <br />AND SALE OF $550,000 GENERAL OBLIGATION <br />SEWER AND WATER REVENUE BONDS t SERIES 1994B <br /> <br />BE IT RESOLVED By the City Council of the City of New Brighton, Ramsey <br />County t Minnesota (City) as follows: <br /> <br />1. It is determined that: <br /> <br />(a) the City engineer has recommended the construction of various <br />improvements to the City's water and sewer utilities (Project). <br /> <br />(b) the City is authorized by Minnesota Statutes t Sections 115.46 and <br />444.075 (Act) to finance all or a portion of the cost of the Project (Project <br />Costs) by the issuance of general obligation bonds of the City payable from <br />the net revenues of the sewer and water systems. The Project Costs are <br />presently estimated by the engineer to be as follows: <br /> <br />SNG70087 <br />NE136-116 <br />