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Extract of Minutes of Meeting <br />of the City Council of the City <br />of Ramsey, Anoka County, Minnesota <br /> <br /> Pursuant to due call and notice thereof a regular meeting of the City <br />Council of the City of Ramsey, Anoka County, Minnesota, was held at the <br />City Hall in said City on Tuesday, February 12, 1985, commencing at <br /> <br /> 7:30 o'clock P.M. <br /> <br /> The following members were present: <br /> <br /> Mayor Gary Heitman, Councilmember$ Allen Sorteberg <br /> Jean Schlueter, Gary Reimann and Arnold Cox <br />and the following were absent: <br /> <br /> None <br /> <br /> The following resolution was presented by Councilmember Reimann <br />who moved its adoption: <br /> <br />RESOLUTION NO. 85-29 <br /> <br /> RESOLUTION PROVIDING FOR THE ISSUANCE <br /> AND SALE OF $705,000 GENERAL OBLIGATION <br />REFUNDING IMPROVEMENT BONDS, SERIES 1985 <br /> <br /> BE IT RESOLVED By the City Council of the City of Ramsey, Anoka <br />County, Minnesota (City) as follows: <br /> <br />Section 1. Findings: Purpose. <br /> <br /> 1.01. The City is authorized by the provisions of Minnesota Statutes, <br />Chapter 475 (Act) and Section 475.61 of the Act to issue and sell its <br />general obligation bonds to refund outstanding bonds when determined by the <br />City Council to be necessary and desirable for the reduction of interest <br />cost and the adjustment of maturities of outstanding issues of bonds. <br /> <br /> <br />