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<br />. <br /> <br />. <br /> <br />. <br /> <br />EXTRACT OF MINUTES OF MEETING <br />OF THE CITY COUNCIL OF THE CITY <br />OF ELK RIVER, SHERBURNE COUNTY, MINNESOTA <br /> <br />Pursuant to due call and notice thereof a regular <br />meeting of the City Council of the City of Elk River, Sherburne <br />County, Minnesota, was held at the City Hall in said City on <br />Monday, September , 1985, commencing at 7:30 p.m. <br /> <br />The following members were present: <br /> <br />Mayor Hinkle, Councilmembers Gunkel, Schuldt, Williams <br />and Engstrom <br /> <br />and the following were absent: <br /> <br />None <br /> <br />The following resolution was presented by Councilmember <br />who moved its adoption: <br /> <br />Gunkel <br /> <br />RESOLUTION NO. 85-46 <br /> <br />RESOLUTION AMENDING EARLIER ADOPTED RESOLUTIONS <br />AUTHORIZING ISSUANCE OF $850,000 GENERAL OBLIGATION <br />TAX INCREMENT BONDS, SERIES 1985A AND $130,000 GENERAL <br />OBLIGATION TAX INCREMENT BONDS, SERIES 1985B <br /> <br />BE IT RESOLVED by the City Council of the City of Elk <br />River, Sherburne County, Minnesota (City) as follows: <br /> <br />Section 1. Preliminary Statement of Facts. <br /> <br />1.01 This Council, by its Resolution No. 85-39 adopted <br />August 12, 1985, awarded the sale of the City's $850,000 <br />General Obligation Tax Increment Bonds, Series 1985A (the <br />Series 1985A Bonds), prescribed the form and details of the <br />Series 1985A Bonds and provided for their payment. By its <br />Resolution No. 85-40, also adopted on August 12, 1985, this <br />