Laserfiche WebLink
<br />Councilmember Jeffrey introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #07-01-020 <br /> <br />RESOLUTION AUTHORIZING THE SALE OF $955,000 GENERAL OBLIGATION TAX <br />INCREMENT REFUNDING BONDS, SERIES 2007B <br /> <br />WHEREAS, the City has an upcoming issuance of approximately $955,000 General Obligation <br />Tax Increment Refunding Bonds, Series 2007B (the "Bonds") and <br /> <br />WHEREAS, the City desires to effectuate the transaction with Northland Securities Inc, when <br />the financing plan and documents are in place and market conditions are appropriate. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, COUNTY OF ANOKA, STATE OF MINNESOTA, as follows: <br /> <br />1. The City Council is hereby authorized to approve the sale of certain Bonds to Northland <br />Securities when market conditions warrant and on such date and at such time as Northland <br />Securities, Inc advises. <br /> <br />2. The City Council will meet to adopt the necessary approval resolution as drafted by bond <br />counsel (estimated to be February 13,2007). <br /> <br />That the motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Olson, and upon voted being taken thereon, the following voted in favor thereof: <br /> <br />Mayor Gamec <br />Councilmember Jeffrey <br />Councilmember Olson <br />Councilmember Dehen <br />Councilmember Elvig <br />Councilmember Look <br />Counci1member Strommen <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />and the following abstained: <br /> <br />None <br /> <br />and the following were present: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted by the Ramsey City Council this the <br />23'd day of January, 2007. -" ~~ <br /> <br />Mayor <br /> <br />