HomeMy WebLinkAbout7030 (Res.)•
437.
0
RESOLUTION NO. 7029 - continued
8. The City shall proceed forthwith to issue its Bonds, in the form and upon the
brna set forth in the Indenture. The offer of the Bond Purchaser to purchase the Bonds for
83,395,000 plus accused interest to the date of delivery at the interest rate or rates specified
in the Indenture is hereby accepted. 'lhe Mayor and City Clerk are authorized and directed to
prepare and execute the Bonds as prescribed in the Indenture and to deliver then to the Trustee
for authentication and delivery to the Bond Purchaser.
9. The Mayor and City Clerk and other officers of the City are authorized and directed
to prepare and furnish to the Bond Purchaser certified copies of all proceedings and records of
the City relating to the bonds, and such other affidavits and certificates as may be required to
show the facts relating to the legality of the Bonds as such facts appear from the books and
records in the officers' custody and control or as otherwise known to them; and all such certified
copies, certificates and affidavits, including any heretofore furnished, shall constitute representa-
tions of the City as to the truth of all statements contained therein.
10. The approval hereby given to the various documents referred to above includ s approval
of such additional details therein as may be necessary and appropriate and such modifications thereof,
deletions therefrom and additions thereto as may be necessary and appropriate and approved by the
City Attorney prior to the execution of the documents. The execution of any instrommt by the
appropriate officer or officers of the City herein authorized shall be conclusive evidence of the
approval of such documents in accordance with the terms hereof. In the absence of the Mayor or
Cler, any of the documents authorized by this resolution to be executed may be executed by the
Acting Mayor or the City Clerk, respectively.
Passed: Janoary 19, 1982
Published: January 28, 1982
L
Attest: oQ
City Cl k
Mayor
RFSOL TION NJ. 7030
RESOLUTION AUTHORIZING THE EXECUTION OF ASSIGNMENT OF DEVELOPMENT AGREEMENT.
BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, that the
form of Assignment of Development Agreement dated as of January 1, 1982, presented
to the Council on this date, which assigns the rights and obligations of Oak Glen
Development Company, a general partnership under the Development Agreement dated
October 1, 1981 between said partnership and the City to Oak Glen Development
Comnanv, a Limited Partnership, is approved; and the Mayor and City Clerk are
authorized and directed to execute and deliver said Assignment on behalf of the
City.
Adopted by the Council this 19th day of January, 1982
Published: January 27, 1982
Attes t:j,e
cit Clerk
i
Mayor
.
•
•
•