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with the requirements of Minnesota Statutes, Section 462.356, subd. 2 relating to planning commission <br />review of the Plan and the Capital Improvements. <br />Section 3. Authorization. <br />3.01. It is hereby found, determined and declared that the City should issue its General Obligation <br />Capital Improvement Plan Bonds, Series 2025A (the `Bonds") in the maximum aggregate principal amount <br />of $4,680,000, pursuant to the Act, including Section 475.521, in order to finance the Capital Improvements <br />under the Plan, including financing the City's proportionate share of the construction and equipping of a new <br />fire station within the City and related financing costs. <br />3.02. If a valid petition requesting a vote on the issuance of the Bonds, signed by voters equal to <br />5% of the votes cast in the last municipal general election, is filed with the City Clerk within 30 days after the <br />date of the public hearing, the City may issue the Bonds only after obtaining approval of a majority of voters <br />voting on the question at an election. <br />3.03. City staff are authorized and directed to take all other actions necessary to carry out the <br />intent of this resolution. <br />The motion for adoption of the foregoing resolution was duly seconded by Member <br />and upon vote being taken thereon, the following voted in favor thereof: 6 VVLA- -" � On G&n <br />and the following voted against the same: <br />whereupon said resolution was declared duly passed and adopted. <br />Approved this 1 Oth day of March, 2025, by the City Council of the City of Arden Hills, Minnesota. <br />CITY OF ARDEN HILLS, MINNESOTA <br />Mayor <br />ATTEST: <br />City erk <br />2 <br />AR200-22-1008751 A <br />