RES 1981-145 - 00006409O D • a
DIRECTING i PURCRABE
•:APTo-• 385 FOR ST. M6-3 STRUT
e r .• s is i PBOJECT-SICML
BE IT RESOLVED by the Council of the City of Fridley, Anoka County,
Minnesota, as follows:
WHEREAS, it has heretofore been determined by this Council to issue
temporary improvement bonds in order to provide the necessary funds for
the construction and payment of expenses relative to the Sr. 1976 -3 Street
Improvement Project - Signal.
WHEREaay it has been determined that there is at the present time an
amount in excess of $63,000.00 in the following fund, to -wit: Investment
Fluid, which sum will not be required for othe purposes prior to December
15, 1984.
IT IS THEREFORE DETERMINED to be in the interest of the City of Fridley
that the sum of $63,000.00 of the Investment Fund be invested as
authorized by law, and in accordance therewith, it is hereby determined to
purchase the sum of $63,000.00 of the aforementioned ST. 1976 -3 Street
Improvement Project - Signal issued under date of December 15, 1981, upon
their initial issuance in accordance with the provision of Minnesota
Statutes, Sections 429.091, 471.66, out of funds of the Investment Fund
and on behalf of said bonds and completion of such sale, it being further
determined to be reasonable and advantageous to the Investment Fund to
invest in said temporary improvement bonds and to be reasonable and
advantageous to the City to sell said temporary improvement bonds in
accordance with provisions of this resolution.
SECTION 1. The City Clerk and Treasurer are hereby authorized and '
directed to take any and all steps necessary to effect the
provisions of the aforegoing resolutions and to make such
transfer of funds as may be necessary from time to time to
give effect to the provisions hereof.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 14TH
DAY OF DECEMBER, 1981.
V v
WILL J. NEE - MAYOR
MY-73W..
SIDNEY C�IIdMAN� - CIT CLERK
1