Resolution - #84-086 - 05/24/1984

Home

EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ~_AMSEY COUNTY OF ANOKA, MINNESOTA Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Ramsey, Minnesota, was duly held in the City Hall in the City of Ramsey, on Thursday, May 24, 1984, commencing at 7:30 o'clock p.m. The following members were present: Mayor Gamec, Councilmembers Van Wagner, Sorteberg, Schlue~er and Re ima n n and the following were absent: None Councilmember Van Wagner and moved its adoption: introduced the following resolution RESOLUTION NO. 86 RESOLUTION AUTHORIZING THE NEGOTIATION OF THE SALE OF GENERAL OBLIGATION EQUIPMENT CERTIFICATES OF INDEBTEDNESS AND GENERAL OBLIGATION IMPROV~4ENT BONDS BE IT RESOLVED By the City Council of the City of Ramsey, Anoka County, Minnesota, as follows: 1. The City is authorized by the provisions of Minnesota Statutes, Section 412.301 to issue and sell its Equipment Certificates of Indebtedness for the acquisition of various items of capital equipment. It is determined to be necessary and desirable to utilize provisions of that section of the law. 2. The City is authorized by the provisions of Minnesota Statutes, Chapter 429 to issue and sell its General Obligation Improvement Bonds to finance in whole or in part the costs of various assessable public improvements in the City. The City has duly ordered various improvement projects and deter- mines that it is necessary to utilize the provisions of that action. 3. The City is further authorized by Minnesota Statutes, Section 475°60, Subd. 2(2) to directly negotiate the sale of its obligations in an amount not to exceed $300,000 during any three month period. It is determined to be necessary