HomeMy WebLinkAboutOrdinance 1455 ORDINANCE NO. 1455
ORDINANCE PROVIDING FOR THE ISSUANCE AND SALE OF APPROXIMATELY
$3,900,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2003
THE CITY OF COLUMBIA HEIGHTS DOES ORDAIN:
1. It is hereby determined that:
(a) the following assessable public-improvements (the Improvements)
have been made, duly ordered or contracts let for the construction thereof, by the City
pursuant to the provisions of Minnesota Statutes, Chapter 429 (Act);
Zone 5, Zone 6A, Zone 6B and Zone 7 Street Improvements; and
Central Avenue Improvements
Co) it is necessary and expedient to the sound financial management of
the affairs of the City to issue General Obligation Improvement Bonds Series 2003 (Bonds)
in a principal mount not to exceed $3,900,000 pursuant to the Act to provide financing for
the Improvements.
2. Ehlers & Associates is authorized to negotiate the sale of the Bonds in the maximum
principal amount specified in Section 1, in accordance with terms of proposal approved by the City
Finance Director. The City Council will meet on Monday, April 28, 2003 or such other date
specified by the City Manager in accordance with the City Charter, to consider the sale of the Bonds
and take any other appropriate action with respect to the Bonds.
o
its passage.
This ordinance shall be in full force and effect fi:om and after thirty (30) days after
First Reading:
Second Reading:
March 10, 2003
March 24, 2003
Offered By:
Seconded By:
Roll Call:
Williams
Ericson
Ayes: Wyckoff, Williams, Nawrocki, Ericson, Kelzenberg
Date of Passage:
March 24, 2003
~'atricia Muscovitz, Deputy q~lerk
Attest:
William Elrite, City Clerk-Treasurer
~ayor Julienne Wyckoff-{) (/L}