HomeMy WebLinkAboutResolution 76-12C{T¥ OF COLLI BIA HEIGHTS
ADMINISTRATIVE OFFIC:E$
590 40TH AVENUE: N. E.
COLUMBIA HEIGHTS, MINN. 55421
(612) 788-9221
EQUAL OPPORTUNITY EMPLOYer
OUR NATION'S
BICENTENNIAL
RESOLUTION ~76-12
BRUCE G. NAWROCK], MAYOr
E. ~SEBE" HEINTZ~ COUNCILMAN
WALTER LOGACZ, COUNCILMAN
GAYLE R. NORBERG, COUNCILMAN
KENNETH E. HENTGES, COUNCILMAN
"SERVICE 1S OUR bUSiNESS"
RESOLUTION PROVIDING FOR PUBI.iC SALE OF
$t,020,000 CAPITAL IMPROVEMENT un~,~%c
BE IT P~SOLVED by the Council of the City of Columbia
Heights, Minnesota, as follows:
Section i. Rec':tais and Bond Authorization. This
Council has duty passed and adopted Ordinance No. 843 of the
City which authorizes the issuance of $!,000~000 principal
amount of general ob!ie-ation~ bonds of the C{e~__~ to zLn=:~c= the
construction of capital improvements of a lasting character,
whic]~ Ordinance is now in full force and effect. This Council
' __te_~ ~s
hereby determines that it is necessary and in the ~est ~ ~o~- .
of the CJ_ty to sell and issue the bonds se authorized; and, for
the purpose ef obtaining the best bid for such bond.~ at public
sale, to sell and issue an additional $20,000 principal amount
of bonds as part of the same issue and re~resenting '-~o~e
authorized by }.ifnnesota Statutes, Section 475.56.
Section 2. Terms of Sale; Notice. Ehlers and
Associates, Inc., bond censuitants te the City, has presented
to this Council a form of Official Notice of Sale for the bonds
authorized in paragraph ! te be sold and issued, and a form ef
abbreviated notice of sale for pub!icatien, which are attached
hereto, and which are hereby approved and shall be placed on
file by the City Clerk. Each and all of the provisions of {he
Official Notice of Sale are hereby adopted as 'the terms .and
conditions of said bonds and of the sale 'thereof, ap.d ska!l
be made available to all prospective purchasers ef the bonds.'
The City Clerk is authorized and directed te cause the abbreviated
notice of sale to be published once in the official, newspaper of
the City, and once in the Commercial West, a financial periodical
published in Minneapolis, at least ten. days before the date ef
said meeting.
Section 3. Sale Date. This Council will receive, eden
and tabulate the sealed kids for the purchase of the bonds in
accordance with the Official Notice of Sale at its regular meeting
to be held on Monday, April 12, 1976, and will take such action
thereon as is deemed in the best interests of the City.
Passed this 8th day of March_, 1976
Offered by; togacz
Secretary
S~CO~ ~r~d ..... bi.,-"- Hentges/gRo/~.l.,.J,e- '-- All Ayes
Bruce'.~. Nawrocki, ?{ai~er