RES 1960-130 - 00012861 (2)C
RESOLUTION NO. 130 - 1960
A RESOLUTION DIRECTING THE SALE OF TEMPORARY IMPROVEMENT BONDS
IN ACCORDANCE WITH LAWS OF 1957, CHAPTER 385
BE IT RESOLVED by the Council of the City of Fridley, Anoka
County, Minnesota, as follows:
THAT 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 following improvement projects: to wit:
Sewer and Water Improvement Project #22 -1960 as per plans and
specifications approved by the City Council; and
WHEREAS, It has been determined that there is at the present
time an amount in excess of $60,000.00 in the following fund,
to-wit: SPECIAL ASSESSMENT FUND (Sinking Account) which sum
will not be required for other purposes prior to September 30, 1962,
IT IS THEREFORE determined to be in the interest of the
City of Fridley that the sum of $60,000.00 of Special Assessment
Fund (Sinking Account) BE INVESTED as authorized by law and in
accordance therewith it is hereby determined to purchase the
sum of $60,000.00 of the aforementioned Sewer and Water Improvement
Project #22 -1960 Bonds, Series °A" temporary issued under date of
September 30, 1960 UPON their initial issuance in accordance
with the provisions of Minnesota Statutes, Sec. 429.091, 471.56
and 475.66, out of the funds in Special Assessment Fund (Sinking
Account) and on behalf of said fund at par and accrued interest
as of the date of delivery of said bonds and completion of such
sale; it being further determined to be reasonable and advantageous
to the City to sell said temporary improvement bonds to the
Sinking Account of the Special Assessment Fund, in accordance
with the provisions of this resolution.
SECTION 1. The City Manager and Treasurer are hereby auth-
orized and directed to take any and all steps
necessary to effect the provisions of the aforegoing resolution
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 4TH DAY OF OCTOBER, 1960.
MAYOR - T. E. Greig
CITY MANAGER - Earl P. agner
ATTEST:
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CITY C - Marvin C. Brunsell
RESOLUTION NO. 131 - 1960
A RESOLUTION DIRECTING THE ISSUANCE OF TEMPORARY IMPROVEMENT BONDS
IN ACCORDANCE WITH LAWS OF 1957, CHAPTER 38
BE IT RESOLVED by the Council of the City of Fridley, Anoka
County, Minnesota, as follows: