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<br /> <br />Councilmember Musgrove introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #20-074 <br /> <br />RESOLUTION AUTHORIZING THE CALL OF THE OUTSTANDING GENERAL <br />OBLIGATION BONDS, SERIES 2011A <br /> <br />WHEREAS, <br /> by Resolution duly adopted on August 23, 2011 (the "Resolution"), the City <br />issued General Obligation Bonds, Series 2011A, in the original principal amount of $4,365,000, <br />dated September 7, 2011 (the "Bonds"). The City proposes to call $1,815,000 principal amount <br />of the Bonds which are the outstanding 2021 through 2032 maturities (the "Outstanding Bonds") <br />on June 1, 2020, at a price of par plus accrued interest. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1) The City Council hereby determines to prepay on June 1, 2020, the Outstanding Bonds and <br />the interest due thereon. <br />2) Northland Trust Services, Inc., in Minneapolis, Minnesota, the Bond Registrar at which <br />the principal and interest on the Bonds are payable, is hereby authorized and directed to <br />cause the Notice of Call for Redemption attached hereto as Exhibit A to be given in <br />accordance with the provisions of the Resolution. <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Kuzma, and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor LeTourneau <br />Councilmember Musgrove <br />Councilmember Kuzma <br />Councilmember Heinrich <br /> Councilmember Menth <br /> Councilmember Riley <br /> Councilmember Specht <br /> <br />and the following voted against the same: <br /> None <br />and the following abstained: <br /> None <br /> <br /> <br />12451144v1 <br /> <br /> <br />