HomeMy WebLinkAbout80-040 CERTIFICA'1'ION OF MINUTES IdELF~TIhG TO
`$280,000 GENERAL OBLIGATION WATER REVENUE BONDS OF 1980
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
. Hall. .
Members present : Spande, Zaun, Nelson, Sindt and Lekson.
Members absent : None.
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION NO. 80-40
RESOLUTION PROVIDING FOR THE ISSUANCE
AND SALE OF $280,000 GENERAL OBLIGATION
WATER REVENUE BONDS OF 19$0
OFFICIAL TERMS OF OFFERING
NOTICE OF SALE
I, the undersigned, being the duly qualifed 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 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 , 1980.
` r
Signature
Patrick McGarvey, City Administrator
3
Councilmember Nelson introduced the following
resolution and moved its adoption:
RESOLUTION NO. 80-40
RESOLUTION PROVIDING FOR THE ISSUANCE
AND SALE OF $280,000 GENERAL OBLIGATION
WATER REVENUE BONDS OF 1980
BE IT RESOLVED by the City Council of the City of
Lakeville, Minnesota, as follows:
1. Bond Authorization. This Council had determined
that it is necessary and ~.n t e best interest of the City to
construct an additional well to the City's water system, at an
estimated cost of $ This Council hereby authorizes the
sale and issuance of General Obligation Water Revenue Bonds of
1980 of the City in the amount of $274,960, to finance the cost
of such construction, pursuant to Minnesota Statutes, Section
444.075 and Chapter 475; and to obtain the best bid for said
bonds at public sale, to sell and issue an additional $5,040
principal amount of like bonds representing interest together
with said bonds, pursuant to Minnesota Statutes,.Section 475.56.
2. Terms of Sale; Notice. Springsted Incorporated,
bond consultant to the City, has presented to this Council a form
of Official Terrns of Offering and a form of Notice of Sale for
publication, which forms 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.
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 actions thereon as is
deemed in the best interest of the City.
Mayor
_
Attest: f ~j~ r ~
City Admin~.s rator
e
The. motion for the adoption of the foregoing resolution
was duly seconded by Councilmember spande and upon vote
being taken thereon, .the following members voted in favor thereof:
Lekson, Zaun, Sindt, Nelson and Spande
and the following members voted against the same:
None
whereupon said resolution was declared duly passed and adopted.