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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 reqular <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, June 16, 1986, commencing at 7:30 p.m. <br /> <br />The following members were present: Mayor Hinkle, Williams, <br />Gunkel, Schuldt & Engstrom <br /> <br />and the following were absent: <br /> <br />None <br /> <br />The following resolution was presented by Councilmember <br />~~r11l1 (H- who moved its adoption: <br /> <br />RESOLUTION NO. 86-34 <br /> <br />RESOLUTION PROVIDING FOR THE ISSUANCE <br />AND SALE OF $1,975,000 GENERAL OBLIGATION <br />IMPROVEMENT BONDS, SERIES 1986A <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. Findinqs: Costs. <br /> <br />1.01 The authorization and construction of four <br />improvement projects are contemplated. The four projects are <br />known as the Simonet Drive Improvement Project, the School <br />Street Improvement Project, the Ridgewood-Knollwood Street <br />Improvement project, and the Deerfield Third Addition <br />Improvement project. Springsted, Incorporated (Springsted), <br />fiscal consultants to the City, have recommended that the City <br />