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<br />~, <br /> <br /><, <br /> <br />Extract of Minute. 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 meetiog of the Council <br /> <br />of the City of New Brighton, Minnesota, was duly held in the City Ball in the <br /> <br />City of New Brighton, on Tuesday, January 14, 1992, commencing at 7:30 p.m. <br /> <br />The following members were present: Counc il members Gun d e rm an, La r son. <br />Rebelein, Williams <br /> <br />and the following were absent: <br /> <br />Mayor Benke <br /> <br />. . . <br /> <br />. . . <br /> <br />. . * <br /> <br />Member <br /> <br />Williams <br /> <br />introduced the following resolution and moved its <br /> <br />adoption: <br /> <br />RESOLUTION NO. q? _ 004 <br /> <br />RESOLUTION PROVIDING FOR THE PREPAYMENT AND <br />REDEMPTION 01" CERTAIN OUTSTANDING <br />GENERAL OBLIGATION BONDS 01" THE CITY <br /> <br />BE IT RESOLVED By the City Council of the City of New Brighton, Ramsey <br /> <br />County, Minnesota, .. follows: <br /> <br />1. The City has issued and sold its Permanent Improvement Bonds of 1976, <br />dated March 1, 1976 (Bonds) in the total principal amount of $660,000. Bonds <br />maturing after March 1, 1988, are subject to red~ption and prepayment on that <br />and on any interest payment date thereafter at a price of piI%' plus accrued <br />interest. <br /> <br />2. It is determined that it is in the best interests of the sound <br />financial management of the City that Bonds maturing on March 1 in the year 1993, <br />comprising all of the Bonds subject to redemption, be prepaid and redeemed on <br />Karch 1, 1992 and those Bonds are hereby called for redemption on that date. <br /> <br />3. The Clerk-Treasurer is authorized and directed to publillh, in <br />accordance with law, a notice of call for redemption of the Bondll in the form <br />attached hereto all Exhibit A and to mail a copy of the notice to the paying agent <br />for the Bonds and to the original purchaser of the Bonds. <br /> <br />DJ1t27363 <br />n136-!ilO <br /> <br />1 <br />