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Last modified
7/17/2007 8:34:39 AM
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12/2/2004 8:04:07 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8773
Resolution Title
Authorizing the issuance and sale of $250,000 Equipment Certificates of Indebtedness (Series 1991)
Resolution Date Passed
2/24/1992
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<br />obligation of the City in accordance with its terms, have been <br />done, do exist, have happened and have been performed as so <br />required, and that the issuance of this Certificate does not cause <br />the indebtedness of the City to exceed any constitutional or <br />statutory limitation of indebtedness. <br /> <br />IN WITNESS WHEREOF, the City of Roseville, Ramsey County, <br />Minnesota, by its City Council, has caused this Certificate to be <br />executeq on its behalf by the signatures of the Mayor and City <br />Manager and has caused this Certificate to be dated as of the date <br />set forth below. <br /> <br />Dated: March I, 1992 <br /> <br />CITY OF ROSEVILLE, MINNESOTA <br /> <br />~ <br /> <br />rJ ~~ '-- <br /> <br />~~ <br /> <br />Mayor <br /> <br />2.02. In order to pay the principal of and interest on the <br />Certificate as the same respectively become due, it is found and <br />determined that the City Council has heretofore levied a direct <br />irrepealable ad valorem tax (Taxes) in the amount of $292,400 on <br />all of the taxable property in the City and that the Taxes will <br />provide at least 5% in excess of the amount needed to pay such <br />principal and interest at maturity. The Taxes are pledged to the <br />paYment of the Certificate and are to be deposited to a special <br />Certificates, Series 1992 fund hereby created for that purpose and <br />no other. <br /> <br />Sec. 3. Miscellaneous. <br /> <br />3.01. The Certificates are to be executed on behalf of the <br />Ci ty by the Mayor and City Manager. The Finance Director is <br />authorized and directed to maintain the Certificate as an <br />investment of the Fund and to apply the purchase price to the cost <br />of the Equipment. <br /> <br />3.02. The Finance Director is authorized and directed to file <br />a certified copy of this Resolution with the Ramsey County Auditor <br />and to obtain the certificate required by Minnesota Statutes, <br />Section 475.63. <br /> <br />tJ~ <br /> <br />,,~ <br /> <br />Mayor <br /> <br />Attest: <br /> <br /> <br />~ <br />City Manager <br /> <br />DJ1t27264 <br />RS200-9 <br /> <br />3 <br />
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