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f � <br /> .� �- z • " , <br /> - RESOLUTION #3141 <br /> 1 <br /> G <br /> f-� Extract of Minutes of Meeting of the <br /> •: City Council of the City of Orono <br /> Hennepin County, Minnesota � <br /> Pursuant to due call and notice thereof, a meeting of <br /> the City Council of the City of Orono, Minnesota, was duly held <br /> in the City Hall in said City on Monday , July �13 , 1992 at 7:00 <br /> o'clock P.M. - <br /> The following members were present: <br /> Barbara Peterson, J. Diann Goetten, Edward Callahan, Gabriel Jabbour, Mary Butler <br /> and the following were absent: <br /> None <br /> * � * * * * * * * <br /> � <br /> _ Member Goetten introduced the following <br /> :� resolution and moved its adoption: <br /> RESOLUTION TO ISSUE AND SELL <br /> $2,000,000 GENERAL OBLIGATION <br /> SEWER IMPROVEMENT BONDS OF 1992 AND <br /> DECLP,RING OFFICIAL INTENT <br /> BE IT RESOLVED by the City Council of the City of Orono, <br /> Minnesota, as follows: <br /> 1. The City Council deems it necessary and expedient <br /> to issue and sell its general obligation improvement bonds in the <br /> amount of approximately $2,000,000 (the "Bonds") to provide <br /> financing of estimated costs, including contract price, <br /> construction period interest• and legal, fiscal and miscellaneous <br /> costs for the Stubbs Bay sewer improvement project pursuant to <br /> � Minnesota Statutes, Chapters 429 and 475. <br /> 2. Sealed proposals for the Bonds will be received on <br /> a date and time determined by the City Administrator. <br /> 3. The City has retained Ehlers and Associates, Inc. , <br /> an independent financial advisor, in connection with the sale of <br /> the Bonds and the Bonds shall be offered without published notice , <br /> � as authorized by Minnesota Statutes, Section 475.60, Subd. 2 (9) , <br /> � as amended. The City Administrator and Ehlers and Associates, <br />