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AFFIDAVIT OF PUBLICATION
<br /> STATE OF MINNESOTA ) SS
<br /> COUNTY OF SHERBURNE )
<br /> ORDINANCE NO.07-13
<br /> CITY OF ELK RIVER
<br /> AN ORDINANCE AIJTHORIZ-
<br /> Bob Cole,being duly sworn On oath says that he is the Interim General Manager of the
<br /> ING THE ISSUANCE OF NOT Newspaper known as the Star News,and has full knowledge Of the facts which are stated
<br /> TO EXCEED'$12,000 000 GEN. below:
<br /> ERAL OBLIGATION BONDS
<br /> BY THE T DEV
<br /> OPvENT AUTHORITY FOR (A)The Newspaper hascom lied with all ofthe requirements constitutin g qualifications
<br /> THE CITY OF ELK RIVER., as a qualified newspaper, as provided by Minnesota Statue 331A.02, 331A.07 and other
<br /> MINNESOTA;PROVIDING applicable laws, as ammended.
<br /> FOR THE FORM AND
<br /> DETAILS THEREOF;AND
<br /> AUTHORIZING THE ECO- ( ) printed B The r inted ORDINANCE, which is attached was cut from the columns Of said
<br /> '
<br /> NOMIC DEVELOPMENT newspaper and was printed and published once a week for one week;it was first published
<br /> AUTHORITY FOR THE CI'T'Y on Wednesday,the 24th day of October,2007,and was therefore printed and published on
<br /> OF ELK RIVER,MINNESOTA,
<br /> TO PLEDGE THE FULL every Wednesday to and including Wednesday,the 24th day of October,2007,and printed
<br /> FAITH,CREDIT AND below is a copy of the lower case alphabet from A to Z, both inclusive, which is hereby
<br /> RESOURCES RI VER,MINNESOTA,OF THE CITY
<br /> OF FELK RI acknowledged as being the size and kind of type used in the composition and publication of
<br /> FOR THE SECURITY AND __ the notice
<br /> PAYMENT OF THE BONDS
<br /> THE CITY OF ELK RIVER,'
<br /> MINNESOTA,DOES ORDAIN: abedefghijklmnopqrstuvwxyz
<br /> SECTION 1. Recitals. The Eco-
<br /> nomic Development Authority for
<br /> the City of Elk River(the"EDA")
<br /> has the powers described in Min-
<br /> -esota Statutes,Section 469.101,
<br /> eluding the powers of a housing
<br /> .rid redevelopment authority
<br /> under Minnesota Statutes, Sec-
<br /> tions 469.001 through+469.047,
<br /> and the powers of an economic`' Interim General Manager
<br /> development authority;pursuant
<br /> to Minnesota Statutes, Section
<br /> 469.090 to 469.108. The EDA.,
<br /> proposes to undertake the acquisi- Subscribed and sworn to before me on
<br /> tion and betterment of a recre- this 24th day of October, 2007
<br /> ational facility to be owned by the
<br /> EDA and leased to The Young
<br /> Men's Christian Association of s $
<br /> Metropolitan Minneapolis (the `i � "r>� CIN[W M.S0HiI I N S K 1
<br /> "Project") in the exercise of its Res NOT SHY PUBLIC
<br /> legal powers and in furtherance of t <.
<br /> its goals and purposes, ands , MINNESOTA
<br /> requires financing for the Project, d
<br /> My Commission Expires Jan.31,20t0
<br /> The City and the EDA believe
<br /> that it is desirable acid necessary
<br /> that there be issued general obli-
<br /> gation bonds to provide funds to Notary Publi
<br /> assist the EDA in financing the ----- —
<br /> Project.
<br /> SECTION 2. Bonding:Authori- �'1 INFORMATION
<br /> zation. !Pursuant to and in accor-
<br /> dance with the provisions of this
<br /> Ordinance and the provisions of $ 28.80
<br /> Minnesota Statutes,)Section (1) Lowest classified rate paid by
<br /> 469.102 and Chapter 475, the commercial users for comparable space
<br /> consent of the City Council is (line, word or inch rate)
<br /> hereby given to,the EDA to issue
<br /> and sell the EDA's general obliga- (2) Maximum rate allowed by law for the $ 14•:85
<br /> tion bond or bonds to which the : above matter'
<br /> full faith,credit and resources of (line,word or inch fate)
<br /> the City may and shall be pledged
<br /> as payment and security therefor, (3) Rate actually charged for the above $ 14.85
<br /> in one or more series, in fully matter
<br /> registered form,and in the aggre
<br /> gate principal' amount not to (line, word of inch rate)
<br /> exceed$12,000,000(the"Bonds"), 886,127
<br /> for the purpose of providing funds
<br /> to assist in financing the Project,:
<br />
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