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<br />. <br /> <br />. <br /> <br />. <br /> <br />1.04 It is necessary and desirable to the sound financial <br />management of the City and its orderly economic development <br />that the City issue and sell its General Obligation Taxable Tax <br />Increment Bonds, Series 1989B (the Bonds) pursuant to the Act <br />to provide financing for the Costs. <br /> <br />Section 2. Sale of Bonds. <br /> <br />2.01 In order to provide financing for the Project, the <br />City shall issue and sell the Bonds in the amount of $4101.000. <br />The Bonds shall be issued and sold in accordance with the terms <br />stated in the Official Terms of Offering, a copy of which, <br />marked Exhibit A, is attached hereto and made a part hereof. <br /> <br />2.02 The City Clerk is a~thoirzed and directed to <br />advertise the Bonds for sale in accordance with such Official <br />Terms of Offering and to cause an abbreviated notice of sale in <br />the form of Exhibit B, attached hereto and made a part hereof, <br />to be published in the manner required bylaw. The City <br />Council shall meet on Monday, October 23, 1989, at 7:00 p.m., <br />for the purpose of considering sealed bids on the Bonds and <br />taking any other appropriate action. <br /> <br />The motion for the adoption of the foregoing <br />duly seconded by Councilmember Kropuenske <br />being taken thereon, the following vote in favor <br />All members <br /> <br />resolution was <br />and upon vote <br />of the motion: <br /> <br />and the following was voted against: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />SBS:BY6 <br /> <br />2. <br />