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<br />. <br /> <br />-'V <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, December 8, 1992, commencing at 7:30 p.m. <br />The following members were present: <br /> <br />Benke. Gunderman, Larson. Rebelein. Williams <br />and the following were absent: <br />None <br /> <br />*** <br /> <br />* . . <br /> <br />* * . <br /> <br />Member Gllf10prm:ln <br /> <br />introduced the following resolution and moved its <br /> <br />adoption: <br /> <br />RESOLUTION NO. 92 -12 5 <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, (City) as follows: <br /> <br />1. The City has issued and sold its General Obligation Water Improvement <br />Bonds of 1982, dated December 1, 1982 (Bonds) in the total principal amount of <br />$1,330,000. 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 />.. <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 1994 to and <br />including 1999, comprising all of the Bonds subject to redemption, be prepaid and <br />redeemed on February 1, 1993 and those Bonds are called for redemption on that <br />date. <br /> <br />~. <br /> <br />3. The Clerk-Treasurer is authorized and directed to publish, in <br />accordance with law, a notice of call for redemption of the Bonds in the form attached <br />hereto as Exhibit A and to mail a copy of the notice to the paying agent for the Bonds <br />and to the origjnA 1 purchaser of the Bonds. <br /> <br />DJKU419 <br />D13tHIO <br /> <br />1 <br />