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HomeMy WebLinkAboutResolution 36-53 The City Co,or~ci! of the City of Co!u~Z, ia ]~eights, An:~ke ~lnne~ota, met on the 29th day of September, 1~3o, at 8~ ~~'~2 ir~ sai~ City st Y c'ciook P. The e~'~ng .~,~s called to order by the :ayor and roll call the fol!.}wing members ~vere foumd- Pr e sen s~ Absent /;~~-~.: ~.- fo!!~wing resolution and moved its adoption: RESOLUT I0N ~.ereas, this City has heretofore determined to ref~d ell its outstanding b:.nds except its City Hall Bonds wlnich '-ere sold directly to the State, and ~ereas, all of ssid bonds so proposed to be retired have been retired except $6,000.00 5 :/4~ Y;sterworks b~nds and ~' l ' t O/, O~" :'. O0 elf~' Ref :ondin~ Bonds, and ~:ereas, it now aPt. ears that the Stste off :inne~ta holds in one off izs Trot Fss. ds the :~'16,000.~0 Reffmnding Bonds which were p~chssed at a yield basis off 5~ , ~d ~nereas the City can save a great deal of .~;oney at Zlis time by re-p' ~- s' ~ ~c~a zn~ said ;~16,000.00 Refundin~ B'~nds on a yield basis, Now, Therefore, Be it Reso!~-ed by the City Council of the City of Coi~:oia Heights, Anoks Comnzy, Minnesots, Znat the City Treas~er be ~d she hereby is suth~rized ~d' directed zo p~chase from the State of~;~n~" nesota, if possible, sm~ ~!o,0~0 Ref,~mding Bonds at a 5~ yield basis, and the money necesssry to pay the pr~im~ and interest therezn is hereby appropriated from the Sinking Adopted by the City -1 - seconded the motion to adopt said reso!uZim~ and upon roll call the same was ~dopted by the following vote: Ay es: / ~_:_~'L _ .~,~' - 2 -