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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