HomeMy WebLinkAbout7355 (Res.)197N'
•
•
A
•
RESOLUTION NO. 7355
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $600,000 GENERAL OBLIGATION IMPROVEMENT BONDS,
SERIES 1984E
BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as follows:
1. Bond Authorization. For the purpose of financing the local improvements designated
below, this Council determines that it is necessary to sell and issue general obligation improve-
ment bonds of the City in the amount of $600,000. The improvements to be financed are as follows:
IMPROVEMENT DESIGNATION ESTIMATED COSTS
Refund Temporary Improvement Bonds, 19818
Principal $390,000
Interest 19,500
L. I. 184 Oversizing and Change Orders 214,681
L. I. 216 Westphal Heights 12,490
L. I. 218 West Orleans 200,000
Less: Funds on hand and Water Board Contribution 256,325
2. Sale Terms. Springsted Incorporated, bond consultants to the City, has presented to
this Council a form of Official Terms of Offering of the sale of the bonds, and a form of
Notice of Sale for publication, which forms are attached hereto and shall be placed on file in
the office of the City Clerk. Each and all of the provisions of the Official Terms of Offering
are hereby adopted as the teens and conditions of said bonds and of the sale thereof, and shall
be made available to all prospective purchasers of the bonds. The City Clerk is authorized
and directed to cause the Notice of Sale to be published once in the official newspaper of the
City, and once in the Commercial West, a financial periodical published in Minneapolis, at
least ten days before the date of sale.
3. Sale Meeting. This Council 9iall meet on Tuesday, September 11, 1984, at 4:30 P. M.,
to consider the bids received for the purchase of the bonds, and to take such actions thereon
as is deemed in the best interests of the City.
Adopted by the City Council this 23rd day of August, 1984.
Published: August 30, 1984
Attest
City Coordinator
RESOLUTION NO. 7356
elitir 4 gd-ao
RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $675,000 GENERAL OBLIGATION CORPORATE
PURPOSE BONDS, SERIES 1984.
BE IT RESOLVED, by the City Council of the City of Stillwater, Minnesota, as follows:
Section 1. Recitals and Bond Authorization. It is hereby determined to be necessary and
expedient for the City to issue and sell its General Obligation Corporate Purpose Bonds, Series
1984, in the principal amount of $675,000 to finance various capital projects within the City,
pursuant to Section 200 of the City Charter and Minnesota Statutes, Sections 475.52 and
475.58.
Section 2. Terms of Sale; Notice. Springsted Incorporated,bond consultant to the City,
has presented to this Council a form of Official Terns of Offering and a form of Notice of
Sale for publication, which are attached hereto and shall be placed on file in the office of
the City Clerk. Each and all of the provisions of the Official Terms of Offering are hereby
adopted as the teens and conditions of said bonds and of the sale thereof, and shall be
made available to all prospective purchasers of the bonds. The City Clerk is authorized and
directed to cause the Notice of sale to be published once in the official newspaper of the
City, and once in the Commercial West, a financial periodical published in Minneapolis, at least
ten days before the date of the sale specified in the Notice of Sale.
(continued on page 198)
0
•
•