Res 1995 - 44 Extract of Minutes of a Meeting of the City Council of MH (9/5/95)�
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RESOLUTION N0. 95-44
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF
MENDOTA HEIGHTS, MINNESOTA
HELD: September 5, 1995
Pursuant to due call and notice thereof, a regular meeting
of the City Council of the City of Mendota Heights, Dakota
County, Minnesota, was duly called and held at the City Hall in
said City on Tuesday, the 5th day of September, 1995, at��30
o' clock P .M.
The following members were present:
Mayor Mertensotto, Councilmembers Huber, Smith and Krebsbach
and the following were absent:
Councilmember Koch
Member Smith introduced the following
resolution and moved its adoption:
RESOLUTION PROVIDING FOR PUBLIC
OF $2,170,000
GENER.AL OBLIGATION REFUNDING
IMPROVEMENT BONDS OF 1995
SALE
BE IT RESOLVED by the City Council of the City of Mendota
Heights, Minnesota, as follows:
1. Finding; Amount and Purpose. It is hereby found,
determined and declared that this City should issue $2,170,000
General Obligation Refunding and Improvement Bonds of 1995 (the
"Bonds") to provide funds to redeem on February 1, 1995, all of
the outstanding General Obligation Improvement Bonds of 1985,
dated February 1, 1985 of the City, and to provide funds to
finance the construction of various improvements within the City.
2. Appointment of Financial Advisor. The City Council
does hereby appoint The Shaughnessy Company, in St. Paul,
Minnesota, to act as its financial advisor to the City for the
sale of the Bonds.
3. Meetinq. This Council shall meet at the time and place
specified in the form of notice hereinafter contained for the
purpose of opening and considering sealed bids for, and awarding
the sale of, the Bonds.
4. Notice of Bond Sale. The City Clerk is hereby
authorized and directed to cause notice of the time, place and
� purpose of said meeting to be published in the official newspaper
,
of the City and in Northwestern Financial Review not less than
299266.1