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2004-02-11 CC Meeting
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2004-02-11 CC Meeting
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<br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE <br />CITY OF CENTERVILLE, MINNESOTA <br /> <br />He]d: February] ], 2004 <br /> <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br />CenterviIle, Anoka County, Minnesota, was duly called to order on the February II, 2004 at _ <br />o'clock_.M. <br /> <br />The following members were present: <br /> <br />and the following members were absent: <br /> <br />Member <br /> <br />introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION CALLING FOR THE REDEMPTION OF <br />THE OUTSTANDING <br />GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 1996 <br /> <br />WHEREAS: <br />A. The City Council of the City of Centerville, Minnesota issued $4 10,000 General Obligation <br />Water Revenue Bonds, Series 1996, dated August I, ]996; and <br /> <br />B. All of said bonds maturing on February I, 2005 to 2008, inclusive and thereafter, are subject <br />to redemption, in whole or in part, and prepayment at the option of the City on February], 2004, and on <br />any date thereafter at ] 00.00% plus accrued interest, all as provided in the resolution of the City <br />authorizing the issuance of said bonds; and <br /> <br />C. The City deems it desirable and in the best interest of the City to call $190,000 of the <br />outstanding bonds maturing in the years 2005 to 2008, inclusive, for redemption on April 1, 2004, in <br />accordance with said resolution authorizing the issuance of said bonds, and <br /> <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Centerville, Minnesota as follows: <br /> <br />l. $190,000 of the General Obligation Water Revenue Bonds, Series 1996, dated August I, <br />1996, of the City of Centerville, Minnesota, maturing in the years 2005 to 2008, inclusive, shall be <br />redeemed and prepaid on April 1,2004, at ]00.00% of their principal amount plus accrued interest for <br />each such bond called. <br /> <br />2. The City Clerk is hereby authorized and directed to give mailed notice of call to the bank <br />where said bonds are payable and said bank shall provide such notice to the holders of the bonds as may <br />be required by law. Said notice shall be in substantially the following form: <br /> <br />. c~nterville 96 call only resolution <br />
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