HomeMy WebLinkAbout4860 (Res.)357
RESOLUTION NO. 4860
RESOLUTION PROVIDING FOR ISSUANCE AND PUBLIC SALE OF $615,000 GENERAL OBLIGATION
SEWER REVENUE BONDS OF 1973 AND $1,065,000 IMPROVEMENT BONDS OF 1973.
BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as
follows:
1. It is hereby found, determined and declared that is is necessary
and expedient for the City forthwith to issue its general obligation bonds in
the amount of $615,000, for the purpose of funding a portion of the sewer
separation project, including $11,656 of bonds representing interest as authorized
by Minnesota Statutes, Section 475.56, and in the amount of $1,065,000 for the
purpose of financing construction of local improvements Nos. 97, 102, 104, 105,
109,110, 111, 112 and 114, including $8,600 of bonds representing interest, as
authorized by Minnesota Statutes, Section 475.56.
2. The City Clerk is hereby authorized and directed to cause notices of
sale of said bonds to be published in the official newspaper of the City and
in the Commercial West, a weekly financial periodical published in Minneapolis,
Minnesota. This Council shall meet in the City Hall on March 20, 1973, at
7:30 o'clock P. M., to receive, open and consider bids for said bonds received
pursuant to such notice, and to take such additional action with respect to
said bonds as is then appropriate.
Adopted by the City Council this 20th day of February, 1973.
Published: March 2, 1973
Mayor