HomeMy WebLinkAboutResolution 93-31 Extract of Minutes of Meeting of the
City Council of the City of Columbia Heights,
Anoka County, Minnesota
Pursuant to due call and notice thereof, a regular meeting of the Council of the
City of Columbia Heights, Minnesota, was duly held in the City Hall in the City, on
Monday, July 26, 1993, commencing at 7:00 p.m.
The following members were present:
Nawrocki, Clerkin~ Ruettimann, Peterson and Murzyn
and the following were absent:
None
Member Nawroc k i introduced the following written resolution and moved
its adoption the reading of which was dispensed with by unanimous consent:
RESOLUTION NO. 93-31
RESOLUTION PROVIDING FOR THE PREPAYMENT AND
REDEMPTION OF CERTAIN OUTSTANDING
GENERAL OBLIGATION BONDS OF THE CITY
BE IT RESOLVED By the City Council of the City of Columbia Heights, Anoka
County, Minnesota, as follows:
1. The City has issued and sold its General Obligation Refunding
Improvement Bonds of 1987, Series A, dated June 1, 1987 (Bonds) in the total
principal amount of $2,230,000. Bonds maturing after March 1, 1991, are subject to
redemption and prepayment on that and on any interest payment date the~.after at
a price of par plus accrued interest.
2. It is determined that it is in the best interests of the sound financial
management of the City that Bonds maturing on March 1 in the years 1994 and 1995,
comprising all of the Bonds presently outstanding, be prepaid and redeemed on
September 1, 1993 and those Bonds are hereby called for redemption on that date.
3. The City Clerk-Treasurer is authorized and directed to publish, in
accordance with law, a notice of call for redemption of the Bonds in the form attached
hereto as Exhibit A and to mail a copy of the notice to the registrar for the Bonds
and to the original purchaser of the Bonds.
SNG$577~
The motion for the adoption of the foregoing resolution was duly seconded by
Member Peterson , and upon vote being taken thereon, the following voted in
favor thereof:
Nawrocki, Clerkin, Ruettimann, Peterson and Murzyn
and the following voted against:
None
whereupon said resolution was declared duly passed and adopted.
Passed this 26th day of July, 1993.
o-Anne Student, 'Counc
il Secretary
STATE OF MINNESOTA )
)
COUNTY OF ANOKA ) SS.
)
CITY OF COLUMBIA HEIGHTS )
I, the undersigned, being the duly qualified and acting Clerk-Treasurer of
the City of Columbia Heights, Minnesota, do hereby certify that I have carefully
compared the attached and foregoing extract of minutes of a regniar meeting of the
City Council held on Monday, July 26, 1993, with the original thereof on file in my
office and the same is a full, true and complete transcript therefrom insofar as the
same relates to the prepayment and redemption of General Obligation Refunding
Improvement Bonds of 1987, Series A, of the City.
WITNESS My hand as Clerk-Treasurer and the corporate seal of the City this
26thday of Ju 1 y , 19 9._3
City Clerk-Treasurer
City of Columbia Heights, Minnesota
(SEAL)
8~G55773