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<br />~ ~ <br /> ~ RESOLUTION NO. 1196 r , <br />, <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> VILLAGE OF NEW BRIGHTON <br /> Extract of Minutes of Meeting of the <br /> Village Council of the Village of New Brighton, <br /> Ramsey County, Minnesota <br /> Pursuant to due call and notice thereof, a regular meeting <br />of the Village Council of the Village of New Brighton, Minnesota, was <br />duly held at the Village Hall in said village, on Tuesday, March 13, <br />1973 at 8:00 o'clock PaM., C.S.To <br /> The following members were present: <br /> Bromander, Anderson, Eagon, Fisher, Rebe1ein <br />and the following were absent: <br /> None <br /> * * * * * * * * * <br /> Councilman Rebe1ein introduced the following <br />resolution and moved its adoption: <br /> RESOLUTION TO ISSUE AND SELL $535,000 <br /> TEMPORARY IMPROVEMENT BONDS OF 1973 <br /> BE IT RESOLVED by the Village Council of the Village of <br />New Brighton, Minnesota, as follows: <br /> 10 The Village Council deems it necessary and expedient <br />to issue and sell $535,000 general obligation negotiable coupon <br />Temporary Improvement Bonds of 1973 to finance part of the costs <br />of the following local improvements: <br /> Improvement No. Total Estimated Cost <br /> 73-2 $ 93,880000 <br /> 73-3 65,090.00 <br /> 73-4 94,740000 <br /> 73-5 37,563.00 <br /> 73-6 92,520000 <br /> 73-9 158,410.00 <br />consisting of acquiring, opening and widening street right of way, <br />grading, graveling and surfacing of streets and installation of curb <br />and gutter, sanitary sewer, water main and storm sewers on various <br />streets in the Village under Chapter 429, Minnesota Statutes, said <br />bonds to be dated April 1, 1973, to bear interest payable October 1, <br />1973 and semiannually thereafter on April 1 and October 1 until <br />maturity at the rate or rates designated by the successful bidder, <br />and to mature on April 1, 1976, all bonds being subject to redemption <br />at the option of the Village at any time on or after October 1, 1975 <br />at par and accrued interesto Both principal and interest shall be <br />payable at any suitable bank designated by the purchaser within 48 <br />hours after the award of sale of the bonds, and the bonds will be in <br />such denominations as may be specified by the purchasero <br />