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<br />........ <br /> <br />- <br /> <br />~ <br />....... <br /> <br />- <br /> <br />....... <br />= <br /> <br />- <br /> <br />ii <br />. <br /> <br /> <br />'" <br />. . <br /> <br />..~ <br /> <br />.~\. <br /> <br />RESOLUTION NO. 2660A <br /> <br />,",:.! <br /> <br />Councilman Blomquistintroduced the fallowing written <br />resolution and moved its adoption: <br /> <br />RESOLUTION AWARDING S~lE OF Sl,330,OOO GENERAL <br />OBLIGATION WATER IMPROVE~ffiNT BONDS OF 1982, FIXING <br />THE FORM AND SPECIFICATIONS THEREOF, PROVIDING <br />FOR THEIR EXECUTION AND DELIVERY Ah~ LEVYING <br />FOR THEIR PAYMENT <br /> <br />BE IT RESOLVED by the City Council of the City of New <br />Brighton, Minnesota, as follows: <br /> <br />1. The bid of Dain Bosworth Inc. <br />to purchase the Sl,330,OOO General Obligation Water Improvement <br />Bonds of 1982 of said City as advertised for sale is hereby found <br />and determined to be the best bid received pursuant to the <br />advertised notice of sale, and shall be and is hereby accepted, <br />said bid being to purchase bonds bearing interest as follows: <br /> <br />SEE ATTACHED TABULATION OF BIDS <br /> <br />at a price of S 1,308,720. plus accrued interest. <br /> <br />2. To provide permanent financing of the costs, <br />including contract price, construction interest and legal, fiscal <br />and miscellaneous costs, of constructing wate= wells and related <br />facilities as authorized by the electors at a bond election held <br />November 2, 1982, the City shall fcrth......i th issue its negotiable <br />coupon, General Obligation Water Improvement Bonds of 1982 in the <br />aggregate principal amount of ~1,330,OOO, to be dated December 1, <br />1982, to bear interest at the rates above set forth, payable <br />August 1, 1983 and semiannually thereafter on February 1 and <br />August 1 in each year, and to mature serially on February 1 in <br />the years and amounts as follows: <br /> <br />$25,000 in 1985, <br />$50,000 in 1986 to 1989, ~ <br />$75,000 in 1990 and 1991, <br />$100,000 in 1992 to 1994, and <br />S125,000 in 1995 to 1998, <br />$155,000 in 1999, all yea:!:'s inclusive, <br /> <br />all bonds maturing on or after February 1, 1994 being subject to <br />redemption at the option of the City and in inverse numerical <br />order on February 1, 1993 and any interest payment date there- <br />after at par and accrued interest. The bonds shall be numbered <br /> <br />c <br /> <br />\ <br /> <br />1- wt>\.VV <br /> <br />-2- <br />