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Resolution - #98-12-294 - 12/08/1998
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Resolution - #98-12-294 - 12/08/1998
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#98-12-294
Document Date
12/08/1998
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Public Improvements: <br /> <br />Housing Development Project undertaken <br />jointly with Anoka County Housing and <br />Redevelopment Authority, including <br />Costs of Issuance and Discount <br /> <br />Redevelopment Cost <br /> <br />$1,195,000 <br /> <br />(e) <br /> <br />it is necessary and expedient to the sound financial management of the <br />affairs of the City to issue $1,195,000 General Obligation Tax Increment <br />Bonds, Series 1999A (Bonds) to provid, e financing for the Costs. <br /> <br /> 2. In order to provide financing for the Costs, the City will therefore issue and sell <br />Bonds in the arnouat of $1,180,000. In order to provide in part the additional interest required to <br />market the Bonds a~ this time, additi: ~...', ', Bonds will be issued in the amount of $15,000. The <br /> <br />Bonds. The Bonds w{ll be issued, ' :Id a..~ deli .'ered in accor(!'mc, vith ~.i',e terms of the <br />following Te~zns of P~'t)pos-~: <br /> <br />SJB-154321 <br />RA125 <br /> <br /> <br />
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