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<br />RESOLUTION NO. 01-019 <br /> <br />A RESOLUTION AWARDING THE SALE OF $990,000 <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2001 <br />FIXING THEIR FORM AND SPECIFICA nONS; <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) have <br />been made, duly ordered or contracts let for the construction thereof, by the City pursuant to the <br />provisions of Minnesota Statutes, Chapter 429 (Act); <br /> <br />Proiect Designation & Description: <br /> <br />Total Proi ect Cost <br /> <br />Pheasant Marsh Phase I Improvements <br />Cost of Issuance <br />Bond Discount <br />Capitalized Interest <br /> <br />$913,077 <br />6,900 <br />15,840 <br />54,183 <br /> <br />Total <br /> <br />$990,000 <br /> <br />(b) it is necessary and expedient to the sound financial management of the <br />affairs of the City to issue $990,000 General Obligation Improvement Bonds, Series 200 I <br />(Bonds) pursuant to the Act to provide financing for the Improvements. <br /> <br />1.02. The proposal of Juran & Moody, a division of Miller Johnson Steichen Kinnard <br />Investment Securities Inc. (Purchaser) to purchase the Bonds is hereby found and determined to <br />be a reasonable offer and is hereby accepted, the proposal being to purchase the Bonds at a price <br />of $974,160 plus accrued interest to date of delivery, for Bonds bearing interest as follows: <br /> <br />. <br /> <br />SJB-202938v2 <br />CE155-17 <br />