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,~ ,~ ,~ " RESOLUTION NO. 2572 .,~ ' Extract of Minutes of Meeting of the City Council of the City of New Brighton Ramsey County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of New Brighton, Minnesota, was duly held at the City Hall in said City on Tuesday, the 9th day of March, 1982 at 7:30 o'clock P.M. The following members were present: Mayor Gregg Harcus, Councilmenbers Bob Benke, Roger Blomquist, Jeanette Janecek and the following were absent: Councilmember Steve Schmidt * * * * * * * * * Councilman Janecek introduced the fallowing written resolution and moved its adoption: RESOLUTION TO ISSUE AND SELL $425,000 GENERAL O~LIGATION WATER REVENUE BONDS OF 1982. BE IT RESOLVED by che City Counc~l of the City of New Brighton, Minnesota, as follows: 1. The City Council deems it necessary and e~pedient to issue and sell $425,000 negotiable coupon, General Obligation Water Revenue Bonds of 1982, to provide financing for the costs, including contract price, construction interest and legal, fiscal and miscellaneous costs, of constructing a well and related improvements to the City's water supply, storage and distribution system pursuant to the authority of Section 444.075, Minnesota Statutes. The City Council hereby finds and determines that the amount needed for such purposes is $417,000 plus $8,000 to represent additional interest upon the bonds being issued pursuant to the provisions of Section 475.56, Minnesota Statutes, which additional obligations are represented by $8,000 of bonds matur- ing in 1984. 2. The City Council will meet at City Hall on Tuesday, the 13th day of April, 1982, at 7:30 P.M., Central Time, for the purpose of considering sealed bids for the purchase of said