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<br /> <br />erviCCe <br />~1857 <br />RESOLUDON #86-038 <br /> <br />1880 !MaIn Street, cmterrJilfe. !M9f 55038 <br />6.11-429-3232 or '.F~ 6.11-429-8629 <br /> <br />A RESOLUDON AWARDING THE SALE 0' 52,700,000 <br />GENERAL OBUGATION IMPROVEMENT BONDS, SERIES 2006A <br />:FIXING TIIEJ.K 'ORM AND SPECIFICATIONS; <br />DIRECTING THEIR EXEcunON AND DELIVERY; <br />AND PROVIDING POR THEIR PAYMENT <br /> <br />BE IT RESOLVED By the City Council of the City of Centervi11e, Anoka County, <br />Minnesota (City) as follows: <br /> <br />Section 1. Sale of Bond A, <br /> <br />1.01 It is hereby determined that: <br /> <br />(a) the following assessable public improvements (the Improvements) <br />have been made, duly ordered or contracts let for the construction thereot by the City <br />pursuant to the provisions of Minnesota Statutes, Chapter 429 (Act); <br /> <br />Pro" J&I" " &~ <br />~eet _W'Rtion on: <br /> <br />Total PrQjeet Cost <br /> <br />Hunter's Crossing 3m Addition, 21 lit Avenue, <br />Improvements <br /> <br />Construction and related costs <br />Engineering <br />Costs ofIssuanee <br />Capitali7.ecl Interest <br />Discount Allowance <br />Total <br /> <br />$2,187,691 <br />225,000 <br />42,809 <br />192,000 <br />52.500 <br />$2,700,000 <br /> <br />[Amounts are estimates, to be fioali7<<l upon award] <br /> <br />(b) it is necessary and expedient to the sound financial m.~ent of <br />the affairs of the City to issue $2,700,000 General Obligation Improvement Bonds, Series <br />2006A (Bonds) pursuant to the Act to provide financing for the Improvements. <br /> <br />(c) The City is authorized by Minnesota Statutes, section 475.60, <br />subdivision 2(9) to negotiate the sale of the Bonds, it being determined that the City has <br />retained an independent financial adviser in connection with such sale. The actions of the <br /> <br />Page 2 of22 <br /> <br />Aj,L <br />