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<br /> <br /> <br />Councilmember Riley introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #20-297 <br /> <br /> <br />EXTRACT OF MINUTES OF A MEETING <br />CITY COUNCIL OF THE <br />CITY OF RAMSEY, MINNESOTA <br />HELD: DECEMBER 8, 2020 <br />Pursuant to due call and notice thereof, a regular or special meeting of the City Council <br />of the City of Ramsey, Anoka County, Minnesota, was duly held at the City Hall on December 8, <br />2020, at 7:00 P.M., for the purpose, in part, of authorizing the issuance and awarding the sale of <br />$9,055,000 General Obligation Capital Improvement Plan Bonds, Series 2020A. <br />RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $9,055,000 <br />GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS, SERIES <br />2020A AND LEVYING A TAX FOR THE PAYMENT THEREOF <br /> <br />A.WHEREAS, on October 27, 2020, the City Council of the City of Ramsey, <br />Minnesota (the "City"), held a public hearing on the proposed issuance of general obligation <br />capital improvement plan bonds and, pursuant to resolution approved and adopted the 2020 <br />through 2024 Five-Year Capital Improvement Plan (the "Plan"), and approved the issuance of <br />general obligation capital improvement plan bonds to finance a portion of the costs associated <br />with the acquisition and betterment of a public works facility (the "Project"), all pursuant to the <br />Plan and in accordance with the provisions of Minnesota Statutes, Section 475.521; and <br /> <br />B.WHEREAS, no petition signed by voters equal to five percent of the votes cast in <br />the City in the last general election requesting a vote on the issuance of the general obligation <br />capital improvement plan bonds has been filed with the City Clerk within thirty days after the <br />public hearing on the Plan and on the issuance of the general obligation capital improvement <br />plan bonds; and <br /> <br />C.WHEREAS, the City Council hereby determines and declares that it is necessary <br />and expedient to issue $9,055,000 General Obligation Capital Improvement Plan Bonds, Series <br />2020A (the "Bonds" or, individually, a "Bond"), pursuant to Minnesota Statutes, Section 475.521 <br />and Chapter 475, to provide funds to finance the Project; and <br /> <br />D.WHEREAS, the City has previously issued its (i) General Obligation Capital <br />Improvement Plan Bonds, Series 2012A in the original principal amount of $16,875,000, dated <br />April 1, 2012, and (ii) General Obligation Capital Improvement Plan Bonds, Series 2015A in the <br />original principal amount of $3,880,000, dated June 18, 2015, and pursuant to Minnesota <br />Statutes, Section 475.521 (together, the "Outstanding CIP Bonds"); and <br /> <br />13011276v1 <br /> <br /> <br />