HomeMy WebLinkAbout81-004 $775,000 GENERAL OBLIGATION TAX INCREMENT BONDS OF 1981
Zssu~r: ~Cit of Lakeville, Minnesota
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Governing Body: City Council
Y.ind, date, time and place of meeting: A regular meeting,
held on Monday, January 5, 1981, at 7:30 o`clock P.M., in the
Council Chambers located at 773 214th Street, Lakeville, Minnesota
Members present : Spande, Lekson, Zaun, Sindt, Nelson
t~iembers absent : None
Documents Attached:
Minutes of said meeting (pages):
No. 81-4
RESOLUTION AUTHORIZING THE ISSUANCE AND
PROVIDING FOR THE SALE OF $775,000 GENERAL
OBLIGATION TAX INCREMENT BONDS OF 1981
I, the undersigned, being the duly qualified and
acting recording officer o~ the public corporation issuing
the bonds referred to in the title or this certificate,
certify that the documents attached hereto, as described
above, have been carefully compare:.' with the original records
of said corporation in my legal custody, from ~:nich they have
been transcribed; that said documents are a correct and com-
plete 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 ta3~en and of all documents
approved by the governing body at said r~:eeting, so far as
they relate to said bonds; and that said meeting was duly .
held by the governing body at the time ar.d place and was
attended throughout by the members indicated above, pursuant
to call and notice of such meeting given as req~,~ired by loco.
WITNESS my hand officially as such recording officer
this 5th day of January 19 81 ~ •
r
„~e
Signature
Patrick McGarvey, City Clerk/Administrate
Name and Title
,
Councilmember Zaun introduced the following
written resolution and moved its adoption:
No. 81-4
RESOLUTION AUTHORIZING THE ISSUANCE AND
PROVIDING FOR THE SALE OF $775,000 GENERAL
OBLIGATION TAX INCREMENT BONDS OF 1981
BE IT RESOLVED by the City Council of the City of
Lakeville, Minnesota, as follows;
Section 1. Authorization of Bonds. It is hereby
determined to be necessary and expedient for the City to
issue and sell its General Obligation Tax Increment Bonds of
1981 in the principal amount of $775,000, including $15,000
of bonds representing interest, pursuant to Chapters 462
and 475, Minnesota Statutes,. to finance costs incurred and.
to be incurred by the City and the Housing and Redevelopment
Authority in and far the City in undertaking Phase One of
the Lakeville Redevelopment Project No. 1.
Section 2. Sale of Bonds; Notice. Springsted
Incorporated, bond consultants to the City, has presented
to this Council a farm of Official Terms of Offering far
the bonds authorized in Section 1 hereof and a form of
Notice of Sale for publication, which are hereby approved
and are made a part hereof and shall be placed on file in
the office of the Clerk-Administrator. The Clerk-Administrator
is authorized and directed to cause the Notice of Sale to be
published once in the official newspaper of the City, and once
in Commercial West, a financial periodical published in
Minneapolis, Minnesota, at least ten days before the date
of said meeting.
Section 3. Sale Meeting. This Council shall meet
at the time and place set forth in the Notice of Sale for the
purgose of considering bids for the purchase of the bonds.
Adopted by the City Council this 5th day of
January, 1981.
Approve
May
Attest: ~
Jerk-Administrator
The motion was seconded by Councilmember Nelson ,
and upon vote being taken thereon; the following voted in favor
the reof• Zaun, Sindt, Nelson, Spande & Lekson;
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted,
and was approved and signed by the Mayar whose signature was
attested by the City Clerk-Administrator.