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HomeMy WebLinkAbout6581 (Res.)6581 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $1,050,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1979 BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as follows: 1. Authorization of Bonds. This Council has heretofore ordered the local improvements designated below to be constructed in the City and has entered or will soon enter into a contract for the construction of each of said improvements, under and pursuant to Minnesota Statutes, Chapter 429, the designation and estimated total cost of said improvements being as follows: Project Designation Industrial Park Stage II Less: MSA and other funds Estimated Cost $ 1,260,000 210,000 $ 1,050,000 It is hereby determined to be necessary and expedient for the City to issue and sell its general obligation Improvement Bonds • of 1979 in the principal amount of $1,050,000 to finance the cost of said improvements, including $20,000 principal amount of bonds - representing interest as authorized by Minnesota Statutes, Section 475.56. 2. Terms of Sale; Notice. Springsted Incorporated, bond consultants to the City, has presented to this Council a form of Official Terms of Bond Sale and a form of Notice of Sale for publication, which are attached hereto and shall be placed on file in the office of the Acting City Clerk. Each and all of the provisions of the Official Terms of Bond._ Sale are hereby adopted as the terms and conditions of said bonds and of the sale thereof, and shall be made available to all prospective purchasers of the bonds. The Acting 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. 3. December 5 and consider to take such of the City. Sale Date. This Council shall meet on Tuesday , , 1978, at 4:30 P.M., to receive, open sealed bids for the purchase of the bonds, and action thereon as is deemed in the best interests Adopted by the Council this 14th day of November, 1978 ,�i Publish--11-22-78 AFFIDAVIT OF PUBLICATION STILLWATER EVENING GAZETTE STATE OF MINNESOTA )ss. COUNTY OF WASHINGTON ) Phil Easton, being duly sworn, on oath says he is and during all the times herein stated has been the Publisher and Printer of the newspaper known as Stillwater Evening Gazette and has full knowledge of the facts herein stated as follows : (11 Said newspaper is printed in the English language in newspaper format and in column and sheet form equivalent in printed space to at least 900 square inches. (21 Said newspaper is a daily and is distributed Monday through Friday of each week. except holidays. 13) Said newspaper has 25% of its news columns devoted to news of local interest to the community which it purports to serve and does not wholly duplicate any other publication and is not made up entirely of patents, plate matter and advertisements. {4) Said newspaper is circulated in and near the municipality which it purports to serve. has at least 500 copies regularly delivered to paying subscribers. has an average of at least 75% of its total circulation currently paid or no more than three months in arrears and has entry as second-class matter in its local post -office. (5) Said newspaper purports to serve the City of Stillwater and surrounding area in the County of Washington and it has its known office of issue in the City of Stillwater in said county. established and open during its regular business hours for the gathering of news, sale of advertisements and sale of subscriptions and maintained by the publisher or persons in his employ and subject to his direction and control during all such regular business hours at which said newspaper is printed. (6) Said newspaper files a copy of each issue im- mediately with the State Historical Society. (7i Said newspaper is made available at single or subscription prices to any person. corporation. partnership or other unincorporated association requesting the newspaper and making the applicable payment. 1S) Said newspaper has complied with ail the foregoing conditions for at least one year preceding the day or dates of publication mentioned below. (9 Said newspaper has filed with the Secretary of State of Minnesota prior to January 1, 1966 and each January 1 thereafter an affidavit in the form prescribed by the Secretary of State and signed by the Publisher and sworn to before a notary public stating that the newspaper is a legal newspaper. -IR He further states on oath that the printed g O i u t 1 O n �J 5R City of Stillwater hereto attached as a part hereof was cut from the columns of said newspaper, and was printed and One pe published therein the in the English language, once Weelys-days: that it was first S day of. thereafter printed and published on every each week, for so published on 19. 17.3. and was to and including the day of — 19...7 and that the following is a printed copy of the lower case alphabet from A to Z, both inclusive, and is hereby acknowledged as being the size and kind of type used in the composition and publication of said notice, to wit: abcdef gh i j k I m nopgrstuvwxyz Subscribed and sworn to before me this 22 n d •day of NQ V % (Notarial Seal) Printers Fee $• r-: �. GUDRUN MEYERS Notary public, Washington County, Minnesota. My Commission Expires May 17, 1981. 19 7 s~l Less: MSA and other funds Evening Gazette, Nov. 22, 1978 RESOLUTION NO. 6581 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF 51,050,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1979 BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as follows: 1. Authorization of Bonds. This Council has heretofore ordered the local improvements designated below to be constructed in the City and has entered or will soon enter into a contract for the construction of each of said improvements, under and pursuant to Minnesota Statutes, Chapter 429, the designation and estimated total cost of said im- provements being as follows: Project Estimated Designation Cost Industrial Park Stage II $ 1,260,000 210,000 $ 1,050,000 It is hereby determined to be necessary and expedient for the City to issue and sell its general obligation Improvement Bonds of 1979 in the principal amount of $1,050,000 to finance the cost of said im- provements, including $20,000 prin- cipal amount of bonds representing interest as authorized by Minnesota Statutes, Section 475.56. 2. Terms of Sale; Notice. Springsted Incorporated, bond con. sultants to the City, hat presented to this Council a form of Official Terms of Bond Sale and a form of Notice of Sale for publication, which are at- tached hereto and shall be placed on file in the office of the Acting City Clerk. Each and all of the provisions of the Official Terms of Bond Sale are hereby adopted as the terms and conditions of said bonds and of the sale thereof, and shall be made available to all prospective purchasers of the bonds. The Acting City Clerk is authorized and directed to cause the Notice of Sale to be published once in the official newspaper of the City, and onca 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. 3. Sale Date. This Council shall meet on Tuesday, December 5, 1978, at 4:30 P.M., to receive, open and consider sealed bids for the purchase of the bonds, and to take such action thereon as is deemed in the best interests of the City. Adopted by the Council this 14th day of November, 1978. 11/22 Received Payment 19 STILLWATER EVENING GAZETTE By