HomeMy WebLinkAboutOrdinance 1082ORDINANCE NO. 1082
BEING AN ORDINANCE AUTHORIZING THE ISSUANCE OF
$2,600,000 GENERAL OBLIGATION IMPROVEMENT 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 Ordinance NO. 1012 and Resolution No. 82-55 the City
issued its General Obligation Permanent Improvement Fund Bonds of 1982, dated
December 1, 1982, in the aggregate principal amount of $2,550,000 (the
'"Femporary Issue"), which bonds were issued as temporary bonds maturing on
December 1, 1985, and which are subject to redemption on June 1, 1984, December
1, 1984, and June 1, 1985 at a price equal to par plus accrued interest.
3. It is hereby found and determined that it is in the best interests of
the City to issue its General Obligation Improvement Bonds, Series 1984, in an
aggregate principal amount not in excess of $2,600,000 for the purpose of
redeeming the Temporary Issue, and providing long term financing for the local
improvements financed with the proceeds of the Temporary Issue. The City
Council of the City will provide for the public sale of the Bonds.
4. This ordinance will be in fullforce S~l~I~ffect f~a~after tll~ty
(30) days after its passage.
Mayor
First Reading:
MARCH 26, 1984
Second Reading:
April 9, 1984
Offered by: Petkoff Seconded by: Hov!and
RoLl Call: A11 ayes
~Date of Passage: April
Secretary to th~rCouncil
9, 1984