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<br />WHEREAS, all of the1999A Bonds maturing in the years 2007 through 2015, inclusive, are subject to
<br />redemption and prepayment at the option of the City on February 1, 2006, and on any date thereafter at a price
<br />of par, plus accrued interest to the date of redemption, all as provided in the resolution adopted by the City
<br />Council of the City of Elk River, Minnesota on June 28, 1999, authorizing the issuance of the1999A Bonds (the
<br />HJune 1999 Resolution"); and
<br />
<br />WHEREAS, all of the 2000B Bonds maturing in the years 2007 through 2016, inclusive, are subject to
<br />redemption and prepayment at the option of the City on February 1, 2006, and on any date thereafter at a price
<br />of par, plus accrued interest to the date of redemption, all as provided in the resolution adopted by the City
<br />Council of the City of Elk River, Minnesota on October 23, 2000, authorizing the issuance of the 2000B Bonds
<br />(the UOctober 2000B ResolutionTt); and
<br />
<br />WHEREAS, all of the 2000C Bonds maturing in the years 2006 through 2008, inclusive, are subject to
<br />redemption and prepayment at the option of the City on February 1, 2005, and on any date thereafter at a price
<br />of par, plus accrued interest to the date of redemption, all as provided in the resolution adopted by the City
<br />Council of the City of Elk River, Minnesota on October 23, 2000, authorizing the issuance of the 2000C Bonds
<br />(the UOctober 2000C Resolution"); and
<br />
<br />WHEREAS, the City Council of the City of Elk River, Minnesota deems it desirable and in the best
<br />interests of the City of Elk River to call those 1997 A Bonds maturing in the years 2007 through 2013, inclusive,
<br />totaling $210,000 in principal amount, on February 1, 2006, in accordance with the July 1997 Resolution; and
<br />
<br />WHEREAS, the City Council of the City of Elk River, Minnesota deems it desirable and in the best
<br />interests of the City of Elk River to call those 1999A Bonds maturing in the years 2007 through 2015, inclusive,
<br />totaling $3,060,000 in principal amount, on February 1, 2006, in accordance with the June 1999 Resolution; and
<br />
<br />WHEREAS, the City Council of the City of Elk River, Minnesota deems it desirable and in the best
<br />interests of the City of Elk River to call those 2000B Bonds maturing in the years 2007 through 2016, inclusive,
<br />totaling $850,000 in principal amount, on February 1, 2006, in accordance with the October 2000B Resolution;
<br />and
<br />
<br />WHEREAS, the City Council of the City of Elk River, Minnesota deems it desirable and in the best
<br />interests of the City of Elk River to call those 2000C Bonds maturing in the years 2007 through 2008, inclusive,
<br />totaling $245,000 in principal amount, on February 1, 20061 in accordance with the October 2000C Resolution;
<br />and
<br />
<br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as
<br />follows:
<br />
<br />(1) All of the 1997 A Bonds maturing in the years 2007 through 2013, inclusive, totaling $210,000 in
<br />principal amount shall be redeemed and prepaid on February 1, 2006, at par, plus accrued
<br />interest.
<br />
<br />All of the 1999A Bonds maturing in the years 2007 through 2015, inclusive, totaling $3,060,000
<br />in principal amount shall be redeemed and prepaid on February 1, 2006, at par, plus accrued
<br />interest.
<br />
<br />All of the 2000B Bonds maturing in the years 2007 through 2016, inclusive, totaling $850,000 in
<br />principal amount shall be redeemed and prepaid on February 1, 2006, at par, plus accrued
<br />interest.
<br />
<br />All of the 2000C Bonds maturing in the years 2007 through 2008, inclusive, totaling $245,000 in
<br />principal amount shall be redeemed and prepaid on February 1, 2006, at par, plus accrued
<br />interest.
<br />
<br />05-128
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