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<br />~ .' <br />" <br /> -' <br /> , <br /> , <br />'" <br />'- <br /> <br />~ <br /> <br />::# 2tS-1 <br /> <br />Extract of Minutes of Meeting of the <br />City Council of the City of New Brighton <br />Ramsey County, Minnesota <br /> <br />Pursuant to due call and notice thereof, a regular <br />meeting of the City Council of the City of New Brighton, Minnesota, <br />was duly held at the City Hall in said City on Tuesday, the 9th <br />day of November, 1982 at 7:30 o'clock P.M. <br /> <br />The following members were present: Mayor Gregg Harcus, <br />Councilmembers Bob Benke, Roger Blomquist, Jeanette Janecek, Steve Schmidt <br /> <br />and the following were absent: None <br /> <br />* * * <br /> <br />* * * <br /> <br />* * * <br /> <br />Councilman <br /> <br />Schmidt <br /> <br />introduced the following <br /> <br />written resolution and moved its adoption: <br /> <br />RESOLUTION NO. 2651 <br /> <br />RESOLUTION TO ISSUE AND SELL <br />$1,330,000~ENERAL OBLIGATION WATER IMPROVEMENT <br />BONDS OF 1982 <br /> <br />BE IT RESOLVED by the City Council of the City of New <br />Brighton, Minnesota, as follows: <br /> <br />1. The City'~ouncil deems it necessary and expedient <br />to issue and sell $1,330,000 negotiable coupon, General <br />Obligation Water Improvement Bonds of 1982, to provide financing <br />for the costs, including contract price, construction interest <br />and legal, fiscal and miscellaneous costs, of constructing water <br />wells and related facilities as authorized by the electors at a <br />special bond election on November 2, 1982, and pursuant to the <br />authority of Chapter 475, Minnesota Statutes. The City Council <br />hereby finds and determines that the amount needed for such <br />purposes is $1,304,000 plus $26,000 to represent additional <br />interest upon the bonds being issued in the form of additional' <br />obligations pursuant to the provisions of Section 475.56, <br />