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follows: <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as <br /> <br />(1) <br /> <br />All of the 1994B Bonds maturing in the years 2005 through 2009, inclusive, totaling $565,000 <br />in principal amount shall be redeemed and prepaid on February 1,2004, at par, plus accrued <br />interest. <br /> <br />All of the 1994D Bonds maturing in the years 2005 through 2007, inclusive, totaling $80,000 <br />in principal amount shall be redeemed and prepaid on February 1,2004, at par, plus accrued <br />interest <br /> <br />(2) <br /> <br />The City Clerk of the City of Elk River, Minnesota is hereby authorized and directed to give <br />mailed notice of call, prior to February 1, 2004, for the 1994B Bonds, to the Bond <br />Registrar/Paying Agent, U.S. Bank National Association (formerly First Trust National <br />Association), in St. Paul, Minnesota, and to all holders of the Bonds. Said notice shall be <br />substantially in the form shown as Exhibit A. <br /> <br />The City Clerk of the City of Elk River, Minnesota is hereby authorized and directed to give <br />mailed notice of call, prior to February 1, 2004, for the 1994D Bonds, to the Bond <br />Registrar/Paying Agent, U.S. Bank National Association (formerly First Trust National <br />Association), in St. Paul, Minnesota, and to all holders of the Bonds. Said notice shall be <br />substantially in the form shown as Exhibit B. <br /> <br />(3) <br /> <br />The City Clerk of the City of Elk River is hereby authorized and directed to deposit with the <br />Bond Registrar/Paying Agent of the 1994B Bonds, U.S. Bank National Association (formerly <br />First Trust National Association), prior to the call date of February 1,2004, sufficient funds to <br />pay all principal and interest due on the Bonds as of the call date. <br /> <br />The City Clerk of the City of Elk River is hereby authorized and directed to deposit with the <br />Bond Registrar/Paying Agent of the 1994D Bonds, U.S. Bank National Association (formerly <br />First Trust National Association), prior to the call date of February 1,2004, sufficient funds to <br />pay all principal and interest due on the Bonds as of the call date. <br /> <br /> The motion for the adoption of the foregoing resolution was duly seconded by Member <br />and upon a vote being taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />Mayor <br /> <br />City Clerk <br /> <br /> <br />