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<br /> <br />tervif{e <br />T.sta6fislid 1857 <br /> <br />1880 9r1.ain Street . CenterIJitfe, 9A!N 55038 <br />(651}429-3232 . P~(651)429-8629 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />RESOLUfION #06-027 <br /> <br />RESOLUfION AUTHORIZING THE ISSUANCE, ESTABUSHlNG THE <br />TERMS AND PROVIDING FOR THE SALE OF 12,475,000 GENERAL <br />OBLIGATION IMPROVEMENT BONDS OF 2006A <br /> <br />Member <br /> <br />introduced the following resolution and moved in adoption: <br /> <br />BE IT RESOLVED, by the City Council of the City ofCenterville, Minnesota (the <br />"City"), as follows: <br /> <br />1. Authorimtion of Bonds. It is hereby fou.nd, determined, and declared to be <br />necessary, and in the best interests of the City and its residents, that the City should issue <br />$2,475,000 General Obligation Improvement Bonds of2006A (the "Bonds"), pursuant to <br />Minnesota Statutes, Section 475.52, Subdivision 1, for the purpose of providing funds for <br />the construction of public improvements (Hunters Crossing 3M &; Backage R0ad/21st <br />Avenue). <br /> <br />2. Term and Conditions of the Bonds. The terms and conditions of the Bonds <br />and the sale thereof are set forth in the otlicial Terms of Offering, a copy of which is <br />attached hereto as Exhibit A Each and all of the terms and conditions set forth in the <br />otlicial Terms of Offering are adopted and confirmed as the terms and conditions of the <br />Bonds and the sale thereot: and the City Council shall meet at the time and place fixed <br />therein to consider the bids for the ~chase of the Bonds. <br /> <br />3. Sale of the BondA, John W. Meyer is authorized and directed to sell the <br />Bonds as ~ by Minnesota S~ Section 475.60. <br /> <br />4 <br />