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