Laserfiche WebLink
<br />RESOLUTION NOc:c, ,"'- O?!r <br /> <br />A RESOLUTION AWARDING THE SALE OF $2,700,000 <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2006A <br />FIXING THEIR FORM AND SPECIFICATIONS; <br />DIRECTING THEIR EXECUTION AND DELIVERY; <br />AND PROVIDING FOR THEIR PAYMENT <br /> <br />BE IT RESOLVED By the City Council of the City of Centerville, Anoka County, <br />Minnesota (City) as follows: <br /> <br />Section 1. <br /> <br />Sale of Bonds. <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 thereof, by the City <br />pursuant to the provisions of Minnesota Statutes, Chapter 429 (Act); <br /> <br />Proiect Designation & Description: <br /> <br />Total Proiect Cost <br /> <br />Hunter's Crossing 3 rd Addition, 21 st Avenue, <br />Improvements <br /> <br />Construction and related costs <br />Engineering <br />Costs of Issuance <br />Capitalized 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 finalized upon award] <br /> <br />(b) it is necessary and expedient to the sound financial management 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 />City staff and financial advisers in negotiating the sale of the Bonds are ratified and <br />confirmed in all aspects. <br /> <br />294858v2 S18 CE155-26 <br /> <br />2 <br />