Res 74 - 59 Calling for Public Sale of $125,000 Improvement Bonds1\ �
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CERTII'ICATION OF MINUTES RELATING TO
$ 125,000 Improvement Bonds
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Issuer: City of Mendota Heights, Dakota County, Minnesota
Governing Body:. City Council
Kind, date, time and place of ineeting: A regu].ar meeting, held on
Tuesday , Jytl�r 2 , 19 74 , at 8:00 0' clock P.M, at
Members present: Gutzmer, Losleben, Wahl, Lockwood, Huber
rZembers absent: None
Documents Attached: ,� ,,
Minutes of said meeting (pages) :
RESOLUTION NO. 74-59
RE50LUTION CALLING FOR PUBLIC SALE OF
$ 125�ppp IMPROVEMENT BONDS
NOTICE OF SALE
I, the undersigned, being the duly qualified and acting
recording officer of the public corporation issuing the bonds re-
ferred to in the title of this certificate, certify tha t the docil-
men ts attached hereto, as described above, have been carefully
compared with the original' records of said corporation in my 1ev31
custody, from which they have been transcribed; that said docume�its
are a corre^t and complete transcript of the minutes of a meeti��7
of the governing body of said corporation, and correct and compl�te
copies of all resolutions and other actions taken and of all docu-
ments 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 bbdy at the time and place and-was attended through-
out by the members indicated above, pursuant to eall and notice of
such meeting given as required by law. '
WITNESS my hand officially as such rec�ding officer this
day of , 19 74 � � � �
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Signat
• `� , City Clerk '
Name and Title
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Member g�ber
and moved its adoption:
introdu.ced the following resolution
RES�LUTI(3N CALLING FOR. PUBLTC S�ItE OF
$ 125y000 IMPROVEMENT BONDS
BE IT RESOLVED by the City Council ci� the City af Mendota
Heights, Minnesota, as follows:
1. By proceedi�ng� duly �aken in accordance with Minnescita
Statutes, Chapters 429 and 475, the City duly issued its Temparary
Zmprovement Bonds, 5eries 1971, dated November l, 1971, in the
aggregate principal amount of $340,000, a13. af which bonds remain
outstanding and mature an November 1, 1974.
2. It is hereby �ound ta be in the best interests of
the City to forthwith a�fer at pubiic sale intprovemen� bonds in
the amount of $�,,z5�ppp for the purpose r�f providing �unds wha.ch,
i.n addition to �und� on hand and available far that purpose, will
be u�ed to repay and redeem the Temporary Improvem�nt Bonds, Serie's
1971, dated November l, 1971, and which includes bond� in the amount
of $ representi.ng interest as authorized by Minnesata
Statutes, Sectian 475.56.
3. Shaughnessy & Company, Inc., bond consultants to the
City, has presented to this Council a form af notice of sale,
attached hereto, and which is hereby approved and shall be placed
on file by the City Clexk.
4. This Council shall meet at the time and place specified
in the form of notice far the purpose af receiving, opening and ,_ _.--
considering sealed bids for, and awarding the sale of, $ 125,000 •-
improvement bonds o� the City. The Ci�.� Clerk is authorized and
directed to cause the natice o� sa1,e ta be published ance in the
offieial newspa�er of the City, and onc�� .in the Commerci"al West, a
�inancial. periodical published in Minn���polis; at least ten days
befare the date of said meeting. •
5. Each and all of the provisions of the natice o£ sale
are hereby adopted as the terms and conditions of said bonds and
of the sale thereof, and shall be-made available to all prospecti.ve
�urchasers af the bonds.
Attest
L .�
C��
ayo r
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The motion for the adoption o�f the foregoing resolution
was duly seconded by Member wa� , and upon vote thereon,
the following voted in favor thereof: All Yea
and the following voted against the same: None
whereupon said resolution was declared duly pas.sed and adopted,
and was signed by the Mayor and attested by the City Clerk.
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