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514C RESOLUTION 86 -01
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EXTRACT OF MINUTES OF MEETING 01F, THE
CITY COUNCIL OF THE CITY 00
PRIOR LAKE, MINNESOTA j
HELD: JANUARY 113, 1986
Pursuant to due call and notice thereof, a regular meeting
of the City Council, of the City of Prior Lakei Minnesota; was
duly held ''at the Cityi`Hall in said City on the Y3th day of
4'
January, 1986, _at 7:30 P.M.
The following members were present; Mayor, And yen, Councilmeebers
Busse, Fitzgerald, Scott, White.
'and the following were absent,: none
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"Member Busse introduced the following,;
"resolution and moved its- adoption:
on:
RESOLUTION PROVIDING FOR`PUBLIC °SALE.;
OF $3,450,000 GENERAL OBLIGATION IMPROVEMENT .
BONDS OF 1986
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BE IT RESOLVED by the City Council of the City of Prior
Lake, Minnesota, as follows:
1. It is hereby found, determin4d and declared that this
a
City should issue $3,450,000 General Obligation Improvement_
Bonds of 1986 to defray the expense of the construction of
various improvements in the City.
This Council shall meet at the�time and place
specified in the form of notice hereinafter contained for the
purpose of opening and considering sealed bids for, and award, ='
ing the sale of $3,450,000 General Obligation Improvement Bonds
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of ,1986 of said City.
3. The City Manager is hereby authorized and.directed'to
a ;,
cause n6flce�'of the time, place and purpose of said meeting
be ptblshed'in the. official newspaper of the City and in
'Commercial West not lElsS than ten days in "advance,of dakte of
sale as provided' by :law, which notice ` shall: be ' in
substantially the form set forth in Exhibit A attached hereto.
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