Res 1991 - 49 Providing for Public Sale of $1,015,000 General Obligation Park Bonds of 1991CITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESQTA
RESQLUTION NO, 91- 49.
RESOLUTION PR4VIDING FOR PUBLIC SALE
OF $1,015,000
GENERA.L OBLIGATION PARK BONDS OF 1991
BE IT RESOLVED by the City Council of the City of Mendota
Heights, Mi.nnesata, as follaws: �
1. Findinq; Amount and Purpose. It is hereby found,
deterxained and declared that this City should i�sue $1,015,000
General Obligation Park.Bonds af 1991 {the "Bonds'�) to finance
the acquisition and betterment of parks, consisting-a�:.,�
neighborhood and community parks, biaycle and pedestrian trails,
and community ballfields,
2. Meetina. This Cauncil shall meet at the time and place
specified in the form of notice hereinafter conta�ned for the
purpose of opening and consideri.ng sealad bids for, ar�d awarding
the sale of, the Bonds.
3. 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 �'inancial. Review not less than
ten {10} days in advance of date af sale, as provided by law,
which notice shall be in substantially the forra set farth in
E�ia►ibit A attached hereto. -
4. 4ff�cial Terms of Bond Sale. The terms and conditions
of said Bonds and the sale thereof are fully set for�h in the
"Official Terms of Bond Sale" attached hereto as Exhibit B and
incarporated herein by reference.
5, official Sta�ement. The City Clerk and Treasurer and
other officers or employees of the City are hereby authorized ta
participate in tha preparation of an official statement far the
Bonds. �
Adopted by the City Council o� the City af Meindota Heights this
24th clay of August 1991. . �
CITY C(:?UNCIL
CITY CtF MENDOTA HEIGHTS
By ,,,t�-*� '"� .i�..►� .•���.:u�
Charles E. Mertensotto
Mayor
ATTEST:
Kathleen M. Swansan
City C1.erk