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HomeMy WebLinkAboutOrdinance 1084 ORDINANCE NO 108;~ BEING AN ORDINANCE AUTHORIZING THE ISSUANCE OF $1,000,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1984 The City of Columbia Height~ does ordain: 1. The City of ColUmbia Heights (the "City") is a home rule charter city and a political subdivision of the State of Minnesota. 2. Pursuant to Minnesota Statutes, Section 273.77 the City is authorized to issue general obligation bonds to finance public redevelopment costs incurred by The Housing and Redevelopment Authority in and for the City of Columbia Heights, Minnesota (the "Authority") pursuant to Minnesota Statutes, Chapter 462. 3. It is hereby found and determined to be necessary and in the best interest of the City for the City to issue its General Obligation Tax Increment Bonds, Series 1984 (the '~onds") in a principal amount not to exceed $1,000,000 for the purpose of financing the public redevelopment costs incurred by the Authori{y in connection with the C.B.D. Revitalization Project. The City Council of the City will provide for the public sale of the Bonds. foree 4. This ordinance will be in full ~.u~,,~u~ .-~ ~.,,u ~.~r ,.m,-~ (30) days after its passage. ~~/~~g~ ~ ayor First Reading: MARCH 26, ]98;~ Second Reading: Offered by: Peterson April 9, 198/~ Seconded by: Carl son Roll Call: A11 ayes  oeof Passage: Apri ! 9, Secretary to the ~SIincil 1984