Resolution - #98-12-294 - 12/08/1998

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Extract of Minutes of Meeting of the City Council of the City of Ramsey, Anoka County, Minnesota Pursuant to due call and notice thereof a regular meeting of the City Council of the City of Ramsey, Anoka County, Minnesota, was held at the City Hall in the City on Tuesday, December 8, 1998, commencing at 7: 00 P.M. The foUowing membem of the Coundl were present: Mayor Thomas Gamec Counc±lmember Carolyn Beahen Counc±lmember SheSla Beyer Counc±lmember Natal±e Haas Steffen oC~unq±lmembe~ Gerald Z±mmerman and thetonowmg were aosent: None The following written resolution was presented by Councilmember , Beyer. moved its adoption, the reading of which had been dispensed with by unanimous consent: RESOLUTION NO. 98-12-294 RF~OLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $1,195,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1999A who BE 1T RESOLVED By the City Council of the City of Ramsey, Anoka County, Minnesota (City) as follows: 1. It is hereby determined that: (a) the City has drily established Development District No. 1 (District) pursuant to Minnesota Statutes, Sections 469.124 through 469.134 (the Act); (b) the City has duly established tax increment fmancing district nos. 1, 2 and 4 (TIF Districts) within the District pursuant to Minnesota Statutes, Section 469.174 to 469.179 (TIF Act); (c) the City is authorized by Section 469.178 of the TIF Act to issue and sell its general obligations to pay all or a portion of the public development costs (Costs) related to the District as identified in the development program and tax increment financing plan (Plan) for the TIF District; (d) the following Costs to be financed by the Bonds are authorized by the Plan: Sd-B-154321 RA125-54