RES 1993-112 - 00003328153
' RESOLUTION NO. 112 - 1993
RESOLUTION AUTHORIZING REDEMPTION OF GENERAL
OBLIGATION IMPROVEMENT REFUNDING BONDS OF 1986
WHEREAS, the City has heretofore issued $2,705,000 General Obligation
Improvement Refunding Bonds of 1986, dated August 1, 1986 ( "the 1986 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
2000 maturities, both inclusive;
NOW, THEREOF, BE IT RESOLVED by the City Council of the City of Fridley:
1. The 1995 through 2000 maturities, both inclusive, of the 1986 Bonds are
hereby called for redemption and prepayment on February 1, 1994.
2. The Finance Director is hereby authorized and directed to instruct First
Trust National Association, the Bond Registrar and paying agent, to mail
the Notice of Call.
' PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 13TH DAY OF
DECEMBER, 1993.
WILLIAM J. E - MAYOR
ATTEST:
UA,a4y,ff m
WILLIAM A. CHAMPA - CITY VLERK