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EXTRACT OF MINUTES OF A MEETING OF THE <br /> CITY COUNCIL OF THE <br /> CITY OF CENTERVILLE, MINNESOTA <br /> Held: December 11, 2019 <br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br /> of Centerville, Anoka County, Minnesota, was duly called to order on December 11, 2019, at <br /> 6:30 P.M. ��// <br /> The following members were present: /4ayer �av; Loa /le.#n I <br /> and the following members were absent: <br /> /V;ne <br /> Member/104-71a h introduced the following resolution and moved its adoption: <br /> RESOLUTION CALLING FOR THE REDEMPTION OF <br /> THE OUTSTANDING <br /> GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 2015A <br /> WHEREAS: <br /> A. The City Council of the City of Centerville, Minnesota issued $1,385,000 General <br /> Obligation Improvement Refunding Bonds, Series 2015A, dated January 15, 2015; and <br /> B. All of said bonds maturing or subject to mandatory redemption on February 1, 2021 <br /> through 2025, inclusive, are subject to redemption, in whole or in part, and prepayment at the <br /> option of the City on February 1, 2020, and on any date thereafter at par plus accrued interest, all <br /> as provided in the resolution of the City authorizing the issuance of said bonds; and <br /> C. The City deems it desirable and in the best interest of the City to call $980,000 of the <br /> outstanding bonds maturing or subject to mandatory redemption in the years 2021 through 2025, <br /> inclusive, for redemption on February 1, 2020, in accordance with said resolution authorizing the <br /> issuance of said bonds, and <br /> NOW THEREFORE, BE IT RESOLVED by the City Council of the City of <br /> Centerville, Minnesota as follows: <br /> 1. $980,000 of the General Obligation Improvement Refunding Bonds, Series 2015A, <br /> dated January 15, 2015, of the City of Centerville, Minnesota, maturing or subject to mandatory <br /> redemption in the years 2021 through 2025, inclusive, shall be redeemed and prepaid on <br /> February 1, 2020, at 100% of their principal amount plus accrued interest for each such bond <br /> called. <br />