My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
84-019
NewBrighton
>
Council
>
Resolutions
>
Resolutions 1984
>
84-019
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/15/2005 5:45:05 AM
Creation date
8/11/2005 10:35:45 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
11
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />3. The Project is hereby given preliminary approval by <br />the City and the issuance of the bonds, notes or other obli- <br />gations for such purpose and in such amount is hereby ap- <br />proved, subject to approval of the Project by the Minnesota <br />Energy and Economic Development Authority and to the mutual <br />agreement of this body, the Borrower and the ini tial pur- <br />chasers of the bonds, notes or other obligations as to the <br />details of the bond issue and provisions for their pay- <br />ment. In all events, it is understood, however, that the <br />bond, notes or other obligations of the City shall,not con- <br />stitute a charge, lien or encumbrance, legal or equitable, <br />upon any property of the City except the Project, and each <br />bond, note or other obligation when, as, and if issued shall <br />recite in substance that the bond, note or other obligation, <br />including interest thereon, is payable solely from the reve- <br />nues received from the Project and the property pledged to <br />the payment thereof and shall not constitute a debt of the <br />city. <br /> <br />4. In accordance with Minnesota Statutes, Section <br />474.01, Subdivision 7(a), the Mayor is hereby authorized and <br />directed to submit the proposal for the Project to the <br />Minnesota Energy and Economic Development Authority for <br />approval of the Project. The Mayor, the Clerk-Treasurer, <br />the city Attorney and other officers, employees and agents <br />of the City are hereby authorized to provide the Minnesota <br />Energy and Economic Development Authority wi th any pre- <br />liminary information needed for this purpose, and the City <br />Attorney is authorized to initiate and assist in the prep- <br />aration of such documents as may be appropriate to the <br />Project, if it is approved by the Minnesota Energy and <br />Economic Development Authority. <br /> <br />~1!r~ <br /> <br />Attest: <br /> <br />~surer <br /> <br />- 3 - <br />
The URL can be used to link to this page
Your browser does not support the video tag.