Laserfiche WebLink
<br />Page 4 - April 23, 2002, New Brighton Council Minutes <br /> <br />the Lease-Purchase Agreement and all moneys from the bond issue. A1l1ease payments will be <br />made by the City to the Trustee and applied to payment of principal and interest on the bonds. The <br />I Disbursing Agent (an indeP.endent third party), will pay each contractor directly or pay the City <br />directly to reimburse the City for eligible costs incurred for the project. <br /> <br />Motion by Hoffman, seconded by Moore-Sykes, to WAIVE THE READING AND ADOPT <br />THE RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A <br />GROUND LEASE AND A LEASE-PURCHASE AGREEMENT, AND APPROVING AND <br />AUTHORIZING ISSUANCE OF LEASE REVENUE BONDS AND EXECUTION OF <br />RELATED DOCUMENTS. <br /> <br />5 Ayes - 0 Nays, Motion Carried. <br /> <br />Adjournment <br /> <br />Motion by Samuelson, seconded by Hoffman, to ADJOURN THE MEETING. <br /> <br />5 Ayes - 0 Nays, Motion Carried. <br /> <br />kwf'A <br /> <br />Meeting was adjourned at 8:40 p.m. <br /> <br />Steve Larson, Mayor <br /> <br />ATTEST: <br /> <br />/!J7 <c /J <br />. ~~ fl. <br /> <br />'ykd~ <br /> <br />IDan Maiers, Director of Finance and <br />Support Services <br /> <br />I <br /> <br />Lease Revenue <br />Bonds for Public <br />Safety Center <br />Report 02-11 0 <br />Resolution 02-041 <br /> <br />Adiournment <br />