84-011 RES 411
EXTRACT OF MINUTES OF MEETING OF THE
CITY COUNCIL OF THE CITY OF
ELK RIVER, MINNESOTA
HELD: JULY 9, 1984
Pursuant to due call and notice thereof, a regular meeting
of the City Council of the City of Elk River, Minnesota, was
duly held at the City Hall in said City on the 9th day of July,
1984, at 7:30 o' clock P.M.
The following members were present: Henry Duitsman, Arne
Engstrom, Estelle Gunkel and Mayor Richard Hinkle
and the following were absent: Gene Schuldt
Member Duitsman introduced the following
resolution and moved its adoption:
RESOLUTION 84-11 , A
• RESOLUTION PROVIDING FOR PUBLIC SALE
OF $310,000 GENERAL OBLIGATION IMPROVEMENT
BONDS, SERIES 1984
BE IT RESOLVED by the City Council of the City of Elk
River, Minnesota, as follows:
1. It is hereby found, determined and declared that this
City should issue $310,000 General Obligation Improvement
Bonds, Series 1984 to defray the expense of various
improvements in the City.
2. 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 $310,000 General Obligation Improvement Bonds,
Series 1984 of said City.
3. The City Administrator is hereby authorized and
directed to cause notice of the time, place and purpose of said
meeting to be published in the official newspaper of the City
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and in Commercial West not less than ten days in advance of
date of sale, as provided by law, which notice shall be in
substantially the form set forth in Exhibit A attached hereto.
4. The terms and conditions of said bonds and the sale
thereof are fully set forth in the "Official Terms of Offering"
attached hereto as Exhibit B and incorporated herein by
reference.
The motion for the adoption of the foregoing resolution
was duly seconded by member Engstrom and upon a vote
being taken thereon, the following voted in favor thereof:
All members present
and the following voted against the same: None
Whereupon said resolution was declared duly passed and
adopted.
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