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8. Alternatives for providing services more efficiently through shared facilities <br />with other local governmental units; and <br />E. WHEREAS, the City Council has determined that the issuance of the Bonds is the <br />best way to finance the capital improvements described in the Plan as authorized under Minnesota <br />Statutes, Section 475.521. <br />NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of Ramsey, <br />Minnesota, as follows: <br />1. The Plan is hereby in all respects approved. <br />2. The staff and consultants of the City are hereby authorized to do all other things and take <br />all other actions as may be necessary or appropriate to carry out the Plan in accordance with any <br />applicable laws and regulations. <br />3. The City gives preliminary approval to issuance of the Bonds in the maximum principal <br />amount of $4,200,000, provided that if a petition requesting a vote on issuance of the Bonds, signed by <br />voters equal to five percent of the votes cast in the last general election, is filed with City Clerk by April <br />9, 2015, the City may issue the Bonds only after obtaining approval of a majority of voters voting on <br />the question at an election. <br />4. The City declares its official intent to reimburse itself for the costs of the Plan from <br />the proceeds of the Bonds. <br />The motion for the adoption of the foregoing resolution was duly seconded by Member <br />and, after full discussion thereof and upon a vote being taken thereon, the <br />following voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Ehlers & Associates, Inc. Page 19 <br />