HomeMy WebLinkAbout91-030 r'
• .CERTIFICATION OF MINUTES
Issuer: City of Lakeville, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting held on Monday, March
18,1991, at 7 ~ 00 o'clock P.M. at the City Hall.
Members present: Ruhmann, Zaun, Sindt, Mulvihill, Harvey
Members absent: N/A
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION NO. 91-30
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF:
$715,000 GENERAL OBLIGATION WATER REVENUE REFUNDING BONDS, SERIES 1991A
$ 605,000 GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 1991B
$2,500,000 GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 1991C
• OFFICIAL TERMS OF OFFERINGS AND NOTICES OF SALE
I, the undersigned, being the duly qualified and acting recording officer
of the public corporation issuing the bonds referred to in the title of this certificate,
certify that the documents attached hereto, as described above, have been carefully
compared with the original records of said corporation in my legal custody, from
which they have been transcribed; that said documents are a correct and complete
transcript of the minutes of a meeting of the governing body of said corporation,
and correct and complete copies of all resolutions and other actions taken and of all
documents approved by the governing body at said meeting, so far as they relate to
said bonds; and that said meeting was duly held by the governing body at the time
and place and was attended throughout by the members indicated above, pursuant
to call and notice of such meeting given as required by law.
WITNESS my hand officially as such recording officer this 18 day of
March, 1991.
Charlene Friedges, Cler
•
Councilmember Mulvihill. introduced the following
resolution and moved its adoption:
RESOLUTION NO. 91-30
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF:
$715,000 GENERAL OBLIGATION WATER REVENUE REFUNDING BONDS, SERIES 1991A
$ 605,000 GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 1991B
$2,500,000 GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 1991C
BE IT RESOLVED by the City Council of the City of Lakeville,
Minnesota (the City), as follows:
Section 1. Purpose. It is hereby determined to be in the best interests of
the City to issue, pursuant to Minnesota Statutes, Chapter 475, its:
(a) General Obligation Water Revenue Refunding Bonds, Series
1991A, in the approximate principal amount of $715,000 (the Series 1991A Bonds) to
refund in advance of their maturities the 1995 through 2002 maturities of the City's
$1,300,000 General Obligation Water Revenue Refunding Bonds, Series 1985A;
• (b) General Obligation Improvement Refunding Bonds, Series 1991B,
in the approximate principal amount of $605,000 (the Series 1991B Bonds) to refund
in advance of their maturities the 1996 through 2007 maturities of the City's
$1,435,000 General Obligation Improvement Bonds, Series 1985A; and
(c) General Obligation Improvement. Refunding Bonds, Series 1991C,
in the approximate principal amount of $2,500,000 (the Series 1991C Bonds) to
refund in advance of their maturities the 1997 through 2009 maturities of the City's
$5,800,000 General Obligation Improvement Bonds, Series 1987C.
Section 2. Terms of Bond Sales and Notices. Springsted Incorporated,
financial consultant to the City, has presented to this Council forms of Official
Terms of Offering for the Series 1991A Bands,. the Series 1991B Bonds and the Series
1991C Bonds and Notices of Sale for publication, which shall be placed on file by the
Clerk. Each and all of the provisions of the Official Terms of Offering are hereby
adopted as the terms and conditions of the Series 1991A Bonds, the Series 1991B
Bonds and the Series 1991C Bonds and of the sale thereof. The Clerk is authorized
and directed to cause each of the Notices of Sale to be published once in the official
newspaper and once in a bond trade publication at least 10 days prior to the date on
which bids for the purchase of the Series 1991A Bonds, Series 1991B Bonds and
Series 1991C Bonds will be received.
•
• Section 3. Sale Meeting. This Council shall meet at the City Hall on
Monday, April 15, 1991, at 7:30 o'clock P.M, for the purpose of considering sealed
bids for the purchase of the Series 1991A Bonds, the Series 1991B Bonds and the
Series 1991C Bonds, and of taking such action thereon as may be in the best interests
of the City.
- Ma or
Attest:
Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by Councilmember Harvey and upon vote being taken
thereon, the following voted in favor thereof: Ruhmann, zaun, sindt, Mulvihill, Harvey
•
and the following voted against the same: N/a
whereupon the resolution was declared duly passed and adopted.
-2-