|
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 Motin
<br />
<br />and upon a vote being taken thereon, the following voted in favor thereof:
<br />
<br /> Mayor Klinzing, Councilmembers Motin,
<br /> and Dietz
<br />and the following voted against the same:
<br />
<br />None
<br />
<br />Kuester, Tveite,
<br />
<br />whereupon said resolution was declared duly passed and adopted.
<br />
<br />CityClerk
<br />
<br />
<br />
|