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111111111 . — "?AT <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 (:try, of Elk <br />River, Minnesota, was duly held in the City Hall in the City of Elk River, on 1\1onday, I)ecernber 7, <br />2015, commencing at 6:30 P.M. <br />'fhe following members were present:Mayor John J. Dietz, Councilmembers Jerry <br />Olsen, Matt Westgaard, Barbara Burandt, and Jennifer Wagner <br />and the follo,,ving were absent: no one. <br />Member Westgaard introduced the following resolutiori and moved its adoption: <br />RESOLUTION PROVIDING FOR THE REDEMPTION OF CERTAIN OUTSTANDING <br />GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2006C OF THE <br />CITY <br />BE IT RFSOLVEI) By. the City Council of the City of Elk- 1:iver, Sherburne County, <br />Minnesota (the "City"), as follows: <br />1 The City has issued its General Obligation Capital 11-tiproxTernent Plan Bonds, Series <br />2006C, dated December 14, 2006 (the "Bonds"), in the original aggregate principal amount of <br />$3,220,000, The Bonds maturing on February I in the years 2017 through and including 2027, in the <br />aWegate principal amount of $2,110,000 (the "Callable Bonds"), are subject to redemption and <br />prepayn-ient on 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, 2016, 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 />470919vi JSB EL,185-13 <br />