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ORDINANCE NO.12-19 <br /> CITY OF ELK RIVER AFFIDAVIT OF PUBLICATION <br /> AN ORDINANCE <br /> AUTHORIZING THE <br /> • ISSUANCE OF NOT TO <br /> EXCEED$10,000,000 <br /> GENERAL OBLIGATION <br /> REFUNDING BONDS BY STATE OF MINNESOTA ) <br /> THE ECONOMIC SS <br /> DEVELOPMENT COUNTY OF SHERBURNE ) <br /> AUTHORITY FOR THE <br /> CITY OF ELK RIVER, <br /> MINNESOTA; <br /> PROVIDING FOR THE <br /> FORM AND DETAILS <br /> THEREOF;AND Heidi Quanrud, being duly sworn on oath says that she is the <br /> AUTHORIZING THE office manager of the Newspaper known as the Star News,and has <br /> ECONOMIC C <br /> DEVELOPMENT full knowledge of the facts which are stated below: <br /> AUTHORITY FOR THE <br /> CITY OF ELK RIVER, (A) The Newspaper has complied with all of the requirements <br /> MINNESOTA,TO PLEDGE <br /> THE FULL FAITH,CREDIT constituting qualifications as a qualified newspaper,as provided by <br /> AND RESOURCES OF Minnesota Statue 331A.02, 331A.07 and other applicable laws, as <br /> THE CITY OF ELK RIVER, ammended. <br /> MINNESOTA, <br /> FOR THE SECURITY AND <br /> PAYMENT OF THE BONDS (B)The printed legal notice,which is attached was cut from the <br /> THE CITY OF ELK RIVER, <br /> MINNESOTA,DOES ORDAIN: columns of said newspaper and was printed and published once a <br /> SECTION 1.Recitals. week for one week;it was first published on Saturday,the 22nd day of <br /> (a)The Economic Develop-. December,2012,and was therefore printed and published on every <br /> ment Authority for the City of <br /> Elk River(the"EDA")has the Saturday to and including Saturday,the 22nd day of December,2012. <br /> powers described in Minnesota <br /> Statutes, Sections 469.001 , <br /> through 469.047, and Minne- <br /> sota Statutes,Section 469.090 _ r\ <br /> to 469.108. <br /> (b)The EDA proposes to 1 <br /> refund its General Obligation ijil/CL\ ki\AA-L <br /> Bonds,Series 2007B(the'Prior <br /> Bonds"),the proceeds of which Office Manager <br /> were used to finance the acqui <br /> sition and betterment of a rec Subscribed and sworn to before me on <br /> reational facility owned by the this 22nd day of December,2012 <br /> EDA and leased to YMCA of <br /> the Greater Twin Cities(for- <br /> merly known as The Young <br /> Men's Christian Association of <br /> Metropolitan Minneapolis,col- <br /> lectively, the "YMCA"))(the <br /> EDAbelieve The that City and the - <br /> EDA believe that it is desir- <br /> able and necessary that there <br /> be issued general obligation <br /> refunding bonds to refund the T SHELLY RAE WESTOVER <br /> Prior Bonds to achieve debt NOTARY PUBLIC <br /> service cost savings. <br /> UtVli <br /> MI NNESOTA <br /> (c)A public hearing on the My Commission Expires Jan,81,2015• <br /> issuance of the Bonds and the <br /> use of the Project by the YMCA <br /> was held by the EDA on Notary Public <br /> December 10, 2012 following <br /> duly published notice,at which <br /> time all persons that desired to <br /> speak were heard. RATE INFORMATION <br /> (1)Lowest classified rate paid by $ 21.00 <br /> commercial users for comparable (line,word or inch rate) <br /> space <br /> (2)Maximum rate allowed by law $ 15-.50 <br /> for the above matter (line,word or inch rate) <br /> S (3)Rate actually charged for the $ 15.00 <br /> above matter (line,word or inch rate) <br /> 3253582 <br />