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. . . RESOLUTION 89- 3 RESOLUTION PROVIDING FOR AN ELECTION TO DETERMINE WHETHER TO ISSUE BONDS FOR THE PURPOSE OF FINANCING THE PURCHASE OF FIRE FIGHTING EQUIPMENT BE IT RESOLVED, by the City Council of the City of Elk River, Minnesota, as follows: 1. This council finds and determines that it would be in the best interests of the City to issue and sell its general obligation bonds for the purpose of providing funds to finance the purchase of an aerial ladder platform fire truck and related equipment. 2. The amount proposed to be borrowed through the issuance and sale of such bonds shall not exceed $475,000. 3. Pursuant to the requirements of applicable law, the proposal to issue such bonds shall be submitted to the voters of the City at a special election to be held February 14, 1989. The polling place will be held at the Fire Station located at 415 Jackson Avenue. The election judges are certified election judges. The Polls shall be open at 7:00 a.m. and shall close at 8:00 p.m. 4. The city clerk shall cause notice of the election as required by law to be published for two weeks in the official newspaper of the City and shall post the notice in three public places in the City at least ten days prior to the election. The notice shall be substantially in the form of the notice marked Exhibit A, attached hereto and incorporated herein by reference. A copy of the notice shall be posted in the clerk's office for public inspection. 5. The clerk shall cause ballots to be printed in substantially the form of the ballot marked Exhibit B, attached hereto and incorporated herein by reference. At least one week before the election, the city clerk shall publish a sample ballot in the official newspaper of the City. At least four days before the election, the clerk shall post a sample ballot in the clerk's office for public inspection. The clerk shall post a sample ballot in each polling place on election day.