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FES_ g3-20 <br /> EXTRACT OF MINUTES OF MEETING OF THE <br /> CITY COUNCIL OF THE CITY OF <br /> ELK RIVER, MINNESOTA <br /> • HELD: NOVEMBER 7, 1983 <br /> Pursuant to due call and notice thereof, a <br /> meeting of the City Council of the City of Elk River, Sherburne <br /> County, Minnesota, was duly held at the City Hall of said City <br /> on the 7th day of November, 1983, at o'clock _.M. for the <br /> purpose of authorizing the negotiation of $165,000 General <br /> Obligation Improvement Bonds of 1983 of said City. <br /> The following members were present: <br /> and the following were absent: <br /> Member introduced the following <br /> resolution and moved its adoption. <br /> RESOLUTION AUTHORIZING THE <br /> NEGOTIATION OF $165,000 GENERAL <br /> • OBLIGATION IMPROVEMENT BONDS OF 1983 <br /> WHEREAS: <br /> A. The City Council of the City of Elk River has <br /> heretofore determined it is necessary and expedient to issue <br /> $165, 000 General Obligation Improvement Bonds of 1983 (the <br /> "Bonds") to finance the construction of various improvements in <br /> the City; and <br /> B. Pursuant to the provisions of Minnesota Statutes, <br /> Chapter 475.60, Subdivision 2, the City Council has the <br /> authority to negotiate the private sale of the Bonds without <br /> complying with public sale requirements; <br /> NOW THEREFORE BE IT RESOLVED by the City Council of <br /> the City of Elk River, Minnesota as follows: <br /> 0 <br />