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Councilmember introduced the following resolution and moved for its adoption: <br /> RESOLUTION #93-08- <br /> <br /> RESOLUTION AUTHORIZING THE EXECUTION OF THE CALL FEATURES ON THE <br /> $170,000 1984 IMPROVEMENT BONDS AND $660,000 1985 IMPROVEMENT BONDS <br /> <br /> WHEREAS, the financial advisory firm of Springsted periodically reviews the City of <br />Ramsey bond issues and makes recommendations pertaining to call features or refundings; <br />and <br /> <br /> WHEREAS, during these reviews it was noted that it would be beneficial to the City to <br />call the $170,000 1984 Improvement Bonds and $660,000 1985 Improvement Bonds; and <br /> <br /> WHEREAS, at the Council Finance Committee meeting on August 24, 1993, staff <br />recommended that the City proceed with the bond calls; and <br /> <br /> WHEREAS, the Finance Committee approved this recommendation and hereby <br />recommends that the Ramsey City Council approve the execution of the cai1 features. <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF TIlE CITY OF RAMSEY, <br />ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1) That the Ramsey City Council hereby directs Staff to execute the calI features on the <br /> $170,000 1984 Improvement Bonds and the $660,000 1985 Improvement Bonds. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />and upon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />and the following abstained: <br /> <br />and the following were absent: <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council <br />this the 24th day of August 1993. <br /> <br />ATTEST: <br /> <br />City Administrator <br /> <br />Mayor <br /> <br />4 <br /> <br /> <br />