RES 1993-111 - 00003326151
' RESOLUTION NO. 111 - 1993
RESOLUTION AUTHORIZING REDEMPTION OF GENERAL
OBLIGATION SPECIAL ASSESSMENT FUND BONDS OF 1982
WHEREAS, the City has heretofore issued $1,425,000 General Obligation Special
Assessment Fund Bonds of 1982, dated August 1, 1982 ( "the 1982 Bonds ");
WHEREAS, the 1982 Bonds maturing after February 1, 1994 are subject to
redemption prior to maturity on that date at par and accrued interest;
WHEREAS, the City has sufficient money available to prepay the 1995 through
1999 maturities, both inclusive;
NOW, THEREOF, BE IT RESOLVED by the City Council of the City of Fridley:
1. The 1995 through 1999 maturities, both inclusive, of the 1982 Bonds are
hereby called for redemption and prepayment on February 1, 1994.
2. Notice of call for redemption shall be mailed to the bank at which
principal and interest are payable and shall be published, as required
by law, in substantially the form attached as Exhibit A.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 13TH DAY OF
' DECEMBER, 1993.
WILLIAM J. EE - MAYOR
ATTEST:
WILLIAM A. CHAMPA - CITY PLERK
152
Page 2 -- Resolution No. 111 - 1993
EXHIBIT A
NOTICE OF REDEMPTION
$1,425,000 General Obligation Special Assessment Fund Bonds, of 1982
Dated: August 1, 1982
City of Fridley
Anoka County, Minnesota
Notice is hereby given that the Bonds of the above issue which mature on
February 1 as follows:
Under the Interest and Dividend Compliance Act of 1983, 318 will be withheld
if tax identification number is not properly certified.
Additional information may be obtained from the undersigned.
BY ORDER OF THE CITY COUNCIL
CITY OF FRIDLEY, MINNESOTA
/s/ William A. Champs, City Clerk
Year
Amount Interest Rate
Bond Number CUSIP #
1995
$15,000 10.608
265 -267
1996
$30,000 10.708
268 -273
1997
$15,000 10.708
274 -276
1998
$30,000 10.708
277 -282
1999
$15,000 10.708
283 -285
'
are called
for redemption and prepayment of
February 1, 1994. The Bonds will
interest
be redeemed
at a price of 1008 of their principal amount plus accrued
to the date
of redemption. Holders of such
Bonds should present them, with
subsequent
coupons attached, for payment at
The First National Bank of Chicago
on or before
said date when they will cease
to bear interest. If mailed,
Bonds must
be sent to: The First National
Bank of Chicago, Suite 0125, One
First National Plaza, Chicago, Illinois 60670;
or, if by hand or overnight,
to The First
National Bank of Chicago, Bond
and Coupon Redemption, Ninth
Floor, One
North State Street, Chicago, Illinois.
Under the Interest and Dividend Compliance Act of 1983, 318 will be withheld
if tax identification number is not properly certified.
Additional information may be obtained from the undersigned.
BY ORDER OF THE CITY COUNCIL
CITY OF FRIDLEY, MINNESOTA
/s/ William A. Champs, City Clerk