HomeMy WebLinkAboutResolution 87-47CiTY OF COLUMBIA HEIGHTS
RESOLUTION NO. 87-47
POSTPONING THE DATE FOR RECEIVING AND CONSIDERING BIDS FOR THE CITY'S
$1,1OO,O00 GENERAL OBLIGATION TAXABLE TAX INCREMENT BONDS OF 1987, SERIES A
WHEREAS, by Ordinance No. 1151 adopted by the City Council of the City of
Columbia Heights, Minnesota (the "City") on dune 15, 1987 (the "Ordinance"),
the City authorized the publication of notice of the sale on July ]3, 1987,
of the City's $1,100,000 Genera] Obligation Taxable Tax Increment Bonds of
1987, Series A (the "Bonds") and set July 13, 1987 as the date on which the
City Council of the City would receive and consider bids; and
WHEREAS, it is in the best interest of the City to postpone the receipt and
consideration of bids to August 24, 1987;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLUMBIA
HEIGHTS, AS FOLLOWS:
1. The Council hereby authorizes and directs the City Manager or his designee
to cause to be published notice of advertisement for sealed bids for the Bonds
in the official newspaper of the City in the form of the Notice of Sale attached
as Exhibit B to the Ordinance, except that the notice shall provide that bids
will be received until 11:00 a.m. on August 24, 1987 and the City Council will
consider the bids at its meeting on August 24, 1987 at 7:30 p.m..
2. The Official Terms of Offering of the Bonds is ratified and confirmed in the
form attached as Exhibit A to the Ordinance, provided that the date for receipt
and consideration of bids shall be August 24, 1987.
Adopted this 13th day of July, ]987.
Offered by: Paulson
Seconded by: Peterson
Roll call: All ayes
Secretary
May e G Nawrock~