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<br />I <br />I <br />I <br />I <br />I <br />L <br /> <br />Extract of Minutes of Meeting of the <br />City Council of the City ofCenterville, <br />Anoka County, Minnesota <br /> <br />Pursuant to due call and notice thereof; a regular meeting of the Council of the City of <br /> <br />Centerville, Minnesota, was duly held in the City Hall in the City of Centerville, on Wednesday, <br /> <br />June 22, 2005, commencing at 6:30 o'clock P.M. <br /> <br />The following members were present: <br /> <br />and the following were absent: <br /> <br />* * * <br /> <br />*** <br /> <br />*** <br /> <br />Member <br /> <br />introduced the following resolution and moved its adoption: <br /> <br />RESOLUTION #05-031 <br /> <br />RESOLUTION PROVIDING FOR THE PREPAYMENT AND <br />REDEMPTION OF CERTAIN OUTSTANDING <br />GENERAL OBLIGATION BONDS OF THE CITY <br /> <br />BE IT RESOLVED By the City Council of the City of Centerville, Anoka County, <br /> <br />Minnesota, as follows: <br /> <br />1. The City has issued and sold its General Obligation Sewer and Water Revenue <br />Bonds, Series 1998, dated July 1, 1998 (the "Bonds") in the total principal amount of $720,000. <br />Bonds maturing on February 1, 2006 or thereafter, are subject to redemption and prepayment on <br />February 1, 2005 and on any day thereafter at a price of par plus accrued interest. <br /> <br />2. It is determined that it is in the best interests of the sound financial management of <br />the City that Bonds maturing on February 1 in the years 2006, 2007, 2008 and 2009, comprising all <br />of the Bonds subject to redemption, be prepaid and redeemed on August 1, 2005 and those Bonds <br />are hereby called for redemption on that date. <br /> <br />Drafted By: John W. Meyer <br /> <br />/~~ <br />