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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 Council <br />of the City of Ramsey, Anoka County, Minnesota, was held at the City Hall in the <br />City on Tuesday, November 14, 1995, commencing at 7:00 o'clock P.M. <br /> <br /> The following members of the Council were present: <br /> <br /> Mayor Glen Hardin, Councilmember Carolyn Beahen <br /> Councilmember Sheila Beyer and Councilmember Kenneth Peterson <br /> <br />and the following were absent: <br /> <br /> Counc±lmember Gerald Z±mmerman <br /> <br /> The following written resolution was presented by Councilmember ?e terson <br />who moved its adoption the reading of which had been dispensed with by unanimous <br />consent: <br /> <br />RESOLUTION NO. 95-11-250 <br /> <br />RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE <br />OF $330,000 TAXABLE GENERAL OBLIGATION <br /> TAX INCREMENT REFUNDING BONDS, SERIES 1996A <br /> <br /> BE IT RESOLVED By the City Council of the City of Ramsey, Anoka County, <br />Minnesota (City) as follows: <br /> <br />It is hereby determined that: <br /> <br /> (a) the City is authorized by Minnesota Statutes, Chapter 475 (Act) <br />and Section 475.67, Subdivision 3, of the Act to issue and sell its general <br />obligation bonds to refund obligations and the interest thereon before the due <br />date of the obligations, if consistent with covenants made with the holders <br />thereof, when determined by the City Council to be necessary or desirable for <br />the reduction of debt service cost to the City or for the extension or <br /> <br />DJ~96447 <br />R~125-43 <br /> <br /> <br />