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<br /> <br />~ta6{isfiea 1857 <br /> <br />1880 !Jv[ain Street . Centervi[[e/ M9'{. 55038 <br />(651) 429-3232 . :Ja?( (651) 429-8629 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION 00 - 13 <br /> <br />RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $650,000 GENERAL <br />OBLIGATION IMPROVEMENT BONDS OF 2000 <br /> <br />BE IT RESOLVED By the City Council of the City of Centerville, Anoka County, <br />Minnesota (City) as follows: <br /> <br />1. 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 <br />to the provisions of Minnesota Statutes, Chapter 429 (Act); <br /> <br />Proiect Designation & Description: <br /> <br />Total Proiect Cost <br /> <br />Hunters Crossing Improvements <br /> <br />Construction Costs <br />Contingencies and Engineering <br />Subtotal <br />Costs of Issuance <br />Less: Est. Const. Fund Inv. Income <br />Subtotal <br />Rounding Factor <br /> <br />Total Issue <br /> <br />$502,780.00 <br />120~667 .20 <br />$623,447.20 <br />29,814.17 <br />(4~587.01) <br />$648,674.36 <br />1 ~325 .64 <br />$650,000.00 <br /> <br />(b) it is necessary and expedient to the sound financial management of the <br />affairs of the City to issue $650,000 General Obligation Improvement Bonds of 2000 <br />(Bonds) pursuant to the Act to provide financing for the Improvements. <br /> <br />2. To provide financing for the Improvements, the City will issue and sell Bonds in <br />the amount of $640,250. To provide in part the additional interest required to market the Bonds <br />at this time, additional Bonds will be issued in the amount of$9,750. The excess of the purchase <br />price of the Bonds over the sum of $640,250 will be credited to the debt service fund for the <br />Bonds for the purpose of paying interest first coming due on the additional Bonds. The Bonds <br />will be issued, sold and delivered in accordance with the terms of the following Terms of <br />Proposal: <br /> <br />SJB-184035v 1 <br />CE155-16 <br />