Laserfiche WebLink
Extract of Minutes of Meeting of the <br /> City Council of the City of Elk River, <br /> Sherburne County,Minnesota <br /> Pursuant to due call and notice thereof, a regular meeting of the Council of the City of Elk <br /> River, Minnesota,was duly held in the City Hall in the City of Elk River, on Monday,November 4, <br /> 2013, commencing at 6:30 p.m. <br /> The following members were present: <br /> and the following were absent: <br /> Member introduced the following resolution and moved its adoption: <br /> RESOLUTION NO. 13- <br /> RESOLUTION PROVIDING FOR THE REDEMPTION OF CERTAIN OUTSTANDING <br /> GENERAL OBLIGATION SEWER REVENUE REFUNDING BONDS, SERIES 2005B <br /> OF THE CITY <br /> BE IT RESOLVED By the City Council of the City of Elk River, Sherburne County, <br /> Minnesota(the"City"), as follows: <br /> 1- The City has issued its General Obligation Sewer Revenue Refunding Bonds, Series <br /> 2005B, dated June 14, 2005 (the"Bonds"), in the original aggregate principal amount of <br /> $1,660,000. The Bonds maturing on February 1 in the years 2015 and 2016, in the aggregate <br /> principal amount of$380,000 (the "Callable Bonds"), are subject to redemption and prepayment on <br /> any date at a price of par plus accrued interest. <br /> 2. It is determined that it is in the sound financial management of the City that the <br /> Callable Bonds be prepaid and redeemed on February 1, 2014, or such later date for which proper <br /> notice of call may be given, and such bonds are hereby called for redemption on such date. <br /> 433499v1 JSB EL185-23 <br />