HomeMy WebLinkAbout1992-089
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RBSOLU'I'IOlII 92-89
Whereas, the City Council of the City of Stillwater has previously issued
"$400,000 G.O. Improvement Bonds of 1982"; and
Whereas, the City Council of the City of Stillwater has previously issued
"$745,000 G.O. Improvement Bonds of 1983"; and
Whereas, both of the Bond Issues identified above are now callable; and
Whereas, the City Council of the City of Stillwater desires to reduce interest
expenditures when feasible; and
Whereas, the interest savings to the City of Stillwater will be approximately
$27,000; and
Whereas, it is in the best interest of the City of stillwater to call the
"$400,000 G.O. Improvement Bonds of 1982" and the "$745,000 G.O. Improvement
Bonds of 1983".
Now, Therefore, Be It Resolved, by the City Council of the City of Stillwater
that the $400,000 G.O. Improvement Bonds of 1982 and the $745,000 G.O.
Improvement Bonds of 1983 shall be called at their next interest payment date
which is August 1, 1992.
Adopted by Council this 8th dsy of April 1992.
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Attest: ~ ~~
city clerk