Res 1991 - 48 Providing for Public Sale of $1,030,000 General Obligation Improvement Bonds of 1991CITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO. 91-�8
RESOLUTION PROVIDING FOR PUBLIC SALE
OF $1,030,000
GENERAL OBLIGATION IMPROVEMENT BONDS OF 1991
BE IT RESOLVED by the City Council of the City of Mendota
Heights, Minnesota, as follows:
1. FindinQ; Amount and Purpose. It is hereby found,
determined and declared that this City should issue $1,030,000
General Obligation Improvement Bonds of 1991 (the "Bonds") te
finance the construction of various improvements in the City.
2. Meetincx. This Council shall meet at the time and place
specified in the form of notice hereinafter contained for the
purpos�e of opening and considering sealed bids for, and 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 Financial ev'ew not less than
ten-(10) days in advance of date of sale, as provided by law,
which notice shall be in substantially the form set forth in
Exhibit A attached hereto. '
4. �ficial Terms of Bond Sale. The terms and conditions
of said Bonds and the sale thereof are fully set forth in the
"Official Terms of Bond Sale" attached hereto as Exhibit B and
incorporated herein by reference.
5. Official Statement. The City Clerk and Treasurer and
other officers or employees of the City are hereby authorized to
participate in the preparation'of an official statement for the
Bonds. �
Adopted by the City Council of the City of Mendota Heights this
20th day of August 1991.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
BY �-� � ��ll.��.�
Charles E. Mertensotto
Mayor
ATTEST:
- �i -�-�-�-�..�-_
athleen M. Swanson
City Clerk