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<br /> <br />E:x~~T p}?MJJWT~S ()}? A~~~(jo}?'I'~;> ..........;..> <br />CITY COuNCIL OF THE. crtvoF CENTERVILLE;MINNESOTA <br /> <br />HELD: November 14,2007 <br /> <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />. otCenterviHe,Minnesota wasrlulycalled and held at the City Hall in saiClChy 'ontlle 14th day <br />of November, 2007, at 6:30 o'clock PM. <br /> <br />The following members were present: <br /> <br />and the following were absent: <br /> <br />Member <br /> <br />introduced the following resolution and moved its adoption: <br /> <br />CITY OF CENTERVILLE, MINNESOTA <br /> <br />RESOLUTION #07-0 <br /> <br />RESOLUTION ACCEPTING PROPOSAL ON THE SALE OF $2,600,000 GENERAL <br />OBLIGATION IMPROVEMENT BONDS, SERIES 2007A, PROVIDING FOR THEIR <br />ISSUANCE AND PLEDGING FOR THE SECURITY THEREOF CERTAIN <br />REVENUES. <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTERVILLE <br />(the "City") AS FOLLOWS: <br /> <br />A. WHEREAS, the City has authority pursuant to Minnesota Statutes, Chapter 429, to <br />issue its general obligation improvement bonds to finance the construction of public <br />improvement projects within the City; and <br /> <br />B. WHEREAS, the City desires to finance the construction. of various public <br />improvement projects listed on Exhibit B to this Resolution (collectively, the "Project"), which - <br />improvement projects have been combined into a single improvement for fmancing purposes, <br />through the issuance of its general obligation bonds pursuant to Mimiesota Statutes, section <br />429.091 and Minnesota Statutes, Chapter 475; and <br /> <br />C. WHEREAS, the City determines and declares that it is necessary and desirable to <br />issue its General Obligation Improvement Bonds, Series 2007 A (the "Bonds") in a principal <br />amount of $2,600,000 to finance its costs of constructing the Project; and <br /> <br />~. <br /> <br />-' <br />