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<br />.,. <br /> <br />. .' <br />, <br /> <br />. <br /> <br />. <br /> <br />EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />ARDEN HILLS, MINNESOTA <br /> <br />HELD: <br /> <br />"'lIIluary 3 <br /> <br />, 197.!. <br /> <br />Pursuant to due call and notice thereof. a regular <br />meeting of the City Council of the City of Arden Hills. <br />Minnesota; was duly held at the City Hall in said City on the <br />3rd day of Jel'l\Ulry , 1977_, at '7:30 o'clock~.M. <br /> <br />The following members were present: .Maya:' cz:epeau <br />and CClImclllll8ll WO~, Cric:hum, Wingert and Hanac:n <br /> <br />and the following were absent: Hc:ne <br /> <br />ing <br /> <br />Member :.Criehum introduced the follow- <br />resolution an~a~r?7~:-I <br /> <br />RESOLUTION PROVIDING FOR PUBLIC SALE <br />OF $500.000 GENERAL OBLIGATION REFUNDING <br />BONDS OF 1977 <br /> <br />BE IT RESOLVED by the City Council of the City of <br />Arden Hills. Minnesota. as follows: <br /> <br />1. It is hereby found. determined and declared that <br />this City should issue $500,000 General Obligation Refunding <br />Bonds of 1977 to defray the expense of refunding certain of <br />the City's outstanding Improvement Bonds, Series I dated November 1, <br />1970. <br /> <br />2. This Council shall meet at the time and place <br />specified in the form of notice hereinafter contained for the <br />purpose of opening and considering sealed bids for, and award- <br />ing the sale of $500.000 General Obligation Refunding Bonds of <br />1977 of said City. <br /> <br />3. The City Clerk is hereby authorized and dir- <br />ected to cause notice of the time. place and purpose of said <br />meeting to be published in the official newspaper of the City <br />and in Commercial West not less than ten days in advance of <br />date of sale, as provided by law, which notice shall be in <br />substantially the following form: <br />