Res 2009-106 Authorizing Redemption of GO Bonds of 2000EXTRACT OF MINUTES OF A MEETING
OF THE CITY COUNCIL
CITY OF MENDOTA HEIGHTS, MINNESOTA
HELD: December 1, 2009
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City
of Mendota Heights, Dakota Co-unty, Minnesota, was duly held at City Hall on December 1,
2009, at 7:00 o'clock p.m. for the purpose, in part, of authorizing the redemption of outstanding
General Obligation hmprovement Bonds of 2000.
The following members were present: Mayor Huber, Councilmembers Krebsbach,
Schneeman and Vitelli.
and the following were absent: Councilmember Duggan.
Councilmember Vitelli introduced the following resolution and moved its adoption:
RESOLUTION NO. 09 -106
RESOLUTION AUTHORIZING THE REDEMPTION OF OUTSTANDING
GENERAL OBLIGATION IMPROVEMENT BONDS OF 2000
A. WHEREAS, the City has issued $2,480,000 General Obligation Improvement
Bonds of 2000, dated May 1, 2000 (the "Bonds ") to finance the construction of various
improvements in the City; and
B. WHEREAS, the Bonds maturing in the years 2010 through 2017, aggregating
$1,130,000 in principal amotmt are subject to redemption on February 1, 2010, and on any
interest payment date thereafter, at a price of par plus accrued interest.
NOW, THEREFORE, be it resolved by the City Council of the City of Mendota Heights,
Minnesota, as follows:
1. The Council hereby determines to prepay on February 1, 2010, $1,130,000
aggregate principal amount of Bonds maturing in the years 2010 through 2017.
2. Wells Fargo Bank, National Association, in Minneapolis, Minnesota, the bank at
which principal and interest on the Bonds is payable, is hereby authorized and directed to cause
the Notice of Redemption attached hereto as Exhibit A to be given in accordance with the
provisions of the resolution relating to the Bonds.
The motion for the adoption of the foregoing resolution was duly seconded by
Councilmember Schneeman, and upon vote being taken thereon, the following voted in favor
thereof.
and the following voted against the same:
J
Whereupon the resolution was declared duly passed and adopted.
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Adopted by the City Council of the City of Mendota Heights this 1 st day of December, 2009.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
By
Jol er, or
r
Attest:
David McKnight, Cit A inistrator
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EXHIBIT A
NOTICE OF CALL FOR REDEMPTION
GENERAL OBLIGATION IMPROVEMENT BOND OF 2000
CITY OF MENDOTA HEIGHTS, DAKOTA COUNTY, MINNESOTA
NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Mendota Heights,
Dakota Corurty, Minnesota, there have been called for redemption and prepayment on
February 1, 2010
those outstanding bonds of the City designated as General Obligation Improvement Bonds of
2000, dated May 1, 2000, having stated maturity dates in the years 2010 through 2017, totaling
$1,130,000.in principal amount and having CUSIP numbers listed below.
Year CUSIP No.
2010
2011
2012
2013
2014
2015
2016
2017
The bonds are being called at a price of par plus accrued interest to February 1, 2010, on which
date all interest on said bonds will cease to accrue. Holders of the bonds hereby called for
redemption are requested to present their bonds for payment Wells Fargo Bank, National
Association, Attention: Corporate Trust & Escrow Solutions, N9311 -115, 625 Marquette
Avenue, 11 "' Floor, Minneapolis, MN 55479.
Dated: December 1, 2009. BY ORDER OF THE CITY COUNCIL,
CITY OF MENDOTA HEIGHTS, MINNESOTA
*The City shall not be responsible for the selection of or use of the CUSIP numbers, nor is any
representation made as to their correctness indicated in the notice. They are included solely for
the convenience of the holders.
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