Laserfiche WebLink
<br />..... <br /> <br />f <br />\' <br /> <br />RESOLUTION NO. 92-j)57 <br />RESOLUTION PROVIDING FOR THE PREPAYMENT AND <br />REDEMPTION OF CERTAIN OUTSTANDING <br />GENERAL OBLIGATION BONDS OF THE CITY <br />BE IT RESOLVED By the City Council of the City of New Brighton, Ramsey <br /> <br />'!~ . <br /> <br />County, Minnesota, as follows: <br /> <br />1. The City has issued and sold its General Obligation Improvement Bonds <br />of 1980, dated April 1, 1980 in the total principal amount of $460,000 (Bonds). The <br />Bonds are subject to redemption and prepayment on August 1, 1992 and on any <br />interest payment date thereafter at a price of par 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 August 1 in the years 1993 to and <br />including 1995, comprising all of the Bonds subject to redemption, be prepaid and <br />redeemed on August 1, 1992 and those Bonds are hereby called for redemption on <br />that date. <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 forms <br />attached hereto as Exluoit A and to mail a copy of the notices to the paying agent for <br />the Bonds. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by <br /> <br />Member <br /> <br />Larson <br /> <br />, and upon vote being taken thereon, the following voted in <br /> <br />favor thereof: <br /> <br />Williams. Rebelein. Gunderman, Larson <br /> <br />and the following voted against: None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />Adopted this 9th day of June, 1992 <br /> <br /> <br />ATTEST: <br /> <br />~M.C~ <br /> <br />David M. Childs, City Manager <br /> <br />M~~an <br />Finance Direc or/ <br />City Clerk <br />