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HomeMy WebLinkAbout80-039 CEFdTIFICA'I'ION OF AiINU'rES RELATING TO $1,475,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1980, SERIES B r Issuer: City of Lakeville, Minnesota Governing Body: City Council Kind, date, time and place of meeting: A regular meeting, held on Monday, April 21,.1980, at 7:30 o°clock P.M,., at the City Hali. Members present : SPande, Zaun, Nelson, Sindt and Lekson. Members absent : None. Documents Attached: Minutes of said meeting (pages): RESOLUTION NO. 80-39 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $1,475,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1980, SERIES B OFFICIAL TERMS OF OFFERING NOTICE OF SALE I, the undersigned, being the duly qualifed and acting retarding 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 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 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 21 day of April , 19 80. r ~ ~ . Signature Patrick P~IcGarvey, City Administrator Gouncilmember spande introduced the following resolution and moved its adoption:. RESOLUTION NO. 80°39 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $1,475,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1980, SERIES B BE IT RESOLVED by the Council of the City of Lakeville, Minnesota, as follows: 1. Bond Authorization. This Council has heretofore ordered the local improvements designed below to be constructed in or acquired by the City, and has contracted or will contract for the construction or acquisition of each said improvement, pursuant to Minnesota Statutes, Chapter 429. The designation and estimated total cost of such improvements is as follows: Project Designation Estimated Cost It is hereby found and determined that it is necessary and expedient for the City to issue and sell its General Obligation Improvement Bonds of 1980, Series B, in the principal amount of $1,449,478 to finance the cost of said improvements, pursuant to Minnesota Statutes, Chapter 429; and to obtain the best bid for said bonds at public sale, to sell and issue an additional $25,522 principal amount of like bonds representing interest together with said bonds, pursuant to Minnesota Statutes, Sec- tion 475.56. 2. Terms of Sale; Notice. Springsted Incorporated, bond consultant to the City, has presented to this Council a form of Official Terms of Offering and a form of Notice of Sale for publication, which are attached hereto and shall be placed on file in the office of the City Administrator. Each and all of the provisions of the Official Terms of Offering are hereby adopted as the terms and conditions of said bonds and of the sale thereof, and shall be made available to all prospective purchasers of the bonds. The City 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 the Commercial West, a financial periodical published in Minneapolis, at least ten days before the date of sale specified in the Notice of Sale. ~ I , Y 3. Sale Date. This Council shall meet on Monday, May 19, 1980, at 7:30 P.M., to receive, open and consider sealed bids for the purchase of the bonds, and to take such action thereon as is deemed in. the best interest of the City. yor F Attest: -C~ -~-t ~-c C~.ty Administ ator The motion for the adoption of the foregoing resolution was duly seconded by Councilmember Nelson upon vote being taken thereon, the following members voted in favor thereof : Spande, Zaun, Nelson, Sindt and Lekson and the following members voted against the same: None whereupon said resolution was declared duly passed and adopted.