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<br /> <br />tervi{{e <br /> <br />T"staE{;s/ied 1857 <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />1880 !Main ~\'treet, CentenlilTe, fM!N 55038 <br />651-429-3232 or p~ 651-429-8629 <br /> <br />Res. #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 #327 was established to account for revenue <br />and expenses related to Improvements of 200 1; and <br /> <br />WHEREAS, assessments have been paid and an adequate balance has accumulated <br />permitting early redemption of bonds after which, such fund is no longer necessary; and <br /> <br />NOW, THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF CENTERVILLE, MINNESOTA: <br /> <br />1. The Council hereby authorizes call and early redemption of bonds issued <br />November 1, 2001, specifically the remaining bond maturities of 2009 through <br />2013 in the amount of $565,000 to be redeemed on February 1, 2008. <br /> <br />2. That following such early redemption of debt, Fund #327 Improvement Bonds of <br />200 1 is hereby approved for closure with any reme-ining balances to be transferred <br />to the General Fund. <br /> <br />Adopted by the Council this 26th day of December, 2007. <br /> <br />Mary Capra, Mayor <br /> <br />Attest: <br />Teresa Bender, City Clerk <br /> <br />/1 <br />