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Councilmember <br />adoption: <br /> <br />introduced the following Resolution and moved for its <br /> <br />RESOLUTION #05-04-XXX <br /> <br /> CITY OF RAMSEY <br />ANOKA COUNTY, MINNESOTA <br /> <br />RESOLUTION AUTHORIZING THE SALE OF APPROXIMATELY $18,640,000 PUBLIC PROJECT <br />LEASE REVENUE BONDS, SERIES 2005A AND $4,335,000 GENERAL OBLIGATION <br />PERMANENT IMPROVEMENT REVOLVING FUND BONDS SERIES 2005B <br /> <br /> WHEREAS, the City bas an upcoming issuance of approximately $18,640,000 Public Project Lease <br />Revenue Bonds, Series 2005A and $4,335,000 General Obligation Permanent Improvement Revolving Fund Bonds <br />Series 2005B (together the "Bonds") and <br /> <br /> Wi IEREAS, the City desires to effectuate the transaction with Northland Securities Inc, when the <br />financing documents are in place and market conditions are appropriate. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF RAMSEY, MINNESOTA: <br /> <br />'I. <br /> <br />That are hereby authorized to <br />approve the sale of certain Bonds to Northland Securities when market conditions <br />warrant and on such date and at such time as Northland Securities, Inc advises. <br /> <br />That within 72 hours of the foregoing approval, this City Council and the Economic <br />Development Authority will meet to adopt the necessary approval resolution(s) drafted <br />by bond counsel. <br /> <br />The motion for the adoption of the foregoing resolution was fully seconded by Councilmember , and <br />u pon vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br />and the following abstained: <br />and the following were absent: <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this 12~h day of <br />Apri I, 2005. <br /> <br /> By: <br /> <br />ATTEST: <br /> <br />By: <br /> (7it>, Clerk <br /> <br />Mayor <br /> <br /> <br />