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., _, ,, . ' <br /> � O� <br /> ` O O � <br /> � ��b. - � CITY of ORONO <br /> � � <br /> �� G'�' RESOLUTION OF THE CITY COUNCIL <br /> ' � L�kESHOg'� - � N O. LA.6 p � � <br /> --�—•d <br /> RESOLUTION RELATING TO PUBLIC FACILITIES REVENUE REFUNDING <br /> BONDS, SERIES 1998; AUTHORIZING THE ISSUANCE,AWARDING THE SALE <br /> AND PRESCRIBING THE FORM THEREOF AND AUTHORIZING THE <br /> EXECUTION OF A FIRST SUPPLEMENTAL INDENTURE AND A <br /> FIRST AMENDMENT TO LEASE-PURCHASE CONTRACT <br /> WHEREAS, the Housing and Redevelopment Authority in and for the City of <br /> Orono,Minnesota(the "Authority") is authorized,pursuant to Minnesota Statutes, Chapter 469 (the <br /> "Act"),to issue bonds to finance or refinance a redevelopment project and the principal and interest <br /> on the bonds may be payable exclusively from its income and revenues of the project financed or <br /> refinanced with the proceeds of the bonds; and <br /> WHEREAS, the Act further authorized the Authority to make any of its land in a <br /> redevelopment project available for use by public agencies by sale, lease or otherwise; and <br /> • WHEREAS,the Authority has undertaken a redevelopment project consisting of the <br /> construction of a new city hall and facilities to house the police and public works departments of the <br /> city as an authorized project under the Act, and has financed the cost thereof by the issuance of its <br /> revenue bonds denominated Public Facilities Revenue Bonds, Series 1991, dated as of December <br /> 1, 1991 (the "Series 1991 Bonds"); and <br /> WHEREAS, it is proposed that the Authority issue an additional series of revenue <br /> bonds pursuant to the Act, to be denominated Public Facilities Revenue Refunding Bonds, Series <br /> 1998 (the "Bonds") for the purpose of refunding in advance of maturity the 2002 through 2008 <br /> maturities of the Series 1991 Bonds, aggregating $2,335,000 in principal amount (the "Refunded <br /> Bonds"), such refunding constituting a "crossover refunding" as defined in Minnesota Statutes, <br /> Section 475.67, subd. 13; and <br /> WHEREAS, the Bonds will be issued pursuant to a Trust Indenture, dated as of � <br /> December 1, 1991 (the"Original Indenture"),as supplemented and amended by a First Supplemental <br /> Indenture,dated as of April 1, 1998 (the "First Supplemental Indenture";the Original Indenture, as <br /> so supplemented and amended,is hereinafter referred to as the "Indenture") all by and between the <br /> Authority and Firstar Bank of Minnesota,N. A.,as successor to American National Bank and Trust <br /> Company, as Trustee (the "Trustee"); and <br /> Page 1 of 7 � <br /> � <br />