HomeMy WebLinkAboutResolution 69-58STATING STATE AID PRINCIPAL PAYABLE AND
INTEREST PAYABLE.
WHEREAS, the City of Columbia Heights has issued and sold bonds
dated February ], t969 in the amount of $100,000.00 exclusively
for the purpose of establishing, locating, relocating, constructing,
reconstructing, or improving its State-Aid Highway or streets
in accordance with law.
WHEREAS, the said City has irevocably pledged to the Sinking
Fund from which said obli§ations are payable, that amount of their
future State Aid allotments as is permissible by law and needed to
pay the principal and interest thereon: which principal payments
shall be made from the regular construction account of such State-
Aid Fund and the interest payments shall be made from their regular
State Aid Maintenance accounts alt as detailed herein:
Year Date
Principal Payable
Interest Payable
1970 2/1 $10,O00.O0
1970 2/1
1970 8/1
1971 2/1 10,O00.00
1971 8/1
1972 2/1 10,000.00
1972 8/1
1973 2/1 10,000.O0
1973 8/1
1974 2/1 10,000.00
1974 8/1
1975 2/1 10,000.00
1975 8/1
1976 2/t t0,000.00
1976 8/1
1977 2/1 10,O00.00
1977 8/1
t978 2/1 10,O00.00
1978 8/1
1979 2/1 lO,O00.O0
$1,000.00
4,37O 00
,975 O0
,975 O0
,765 O0
,765 O0
,SSS O0
,555.O0
,345 00
,345 O0
,135 O0
,135 00
9t0 O0
9t0 O0
685 O0
685 O0
460 O0
460 O0
230 OO
230 O0
NOW, THEREFORE, BE IT RESOLVED that the Commissioner of Highways
be and is hereby requested to keep a bond record in his office for
the City of Columbia Heights, Minnesota.
BE IT FURTHER RESOLVED that the Commissioner of Highways be and
is hereby requested upon receipt of this resolution to annually
certify to the State Auditor the sum of money required for the
principal and interest payable on said bonds.
Passed this 30th day of December, 1969.
Offered by:
Seconded by:
Roll Call:
Jeska
King
All Ayes
Secretary p
Bruce G. Nawrocki, Mayor