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<br /> <br />tervi{{e <br /> <br />'Lst-l1Jj(isfie,1~ ll/57 <br /> <br />1880 ?dain Street, Centervifk, ~ 5.5038 <br />651-429-3232 or q:~ 651-429-8629 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION #07-0_ <br /> <br />A RESOLUTION AUTHORIZING PREPAYMENT OF BONDS AND CLOSING <br />CERTAIN DEBT SERVICE FUND <br /> <br />WHEREAS, a certain debt service fund #342 was established to account for revenue and <br />expenses related to Improvements of 2001, and <br /> <br />WHEREAS, assessments have been paid and adequate balance has accumulated <br />permitting early redemption of bonds after which, such fund is no longer needed. <br /> <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF <br />CENTERVILLE, MINNESOTA: <br /> <br />1. The Council hereby authorizes call and early redemption of <br />bonds issued November 1, 2001, specifically the remaining <br />bond maturities of 2009 through 2013 in the amount of <br />$565,000 to be redeemed on February 1, 2008. <br /> <br />2. That following such early redemption of debt, fund number <br />342, Improvement Bonds of 2001 is hereby approved for <br />closure with any remaining balances to be transferred to the <br />General Fund. <br /> <br />Adopted by the City Council this _ day of December, 2007. <br /> <br />Mary Capra, Mayor <br /> <br />Attest: <br />Teresa Bender, Clerk <br /> <br />Ii <br />