HomeMy WebLinkAbout88-122 - ADMIN Resolution - City Council - 1988/09/06RESOLUTION_ 88-122
RESOLUTION DETERMINING TO ISSUE
CAPITAL NOTES FOR CERTAIN EQUIPMENT
BE IT RESOLVED by the City Council of the City of St. Louis Park, Minnesota,
as follows:
1. This Council hereby determines to issue up to $700,000 in principal
amount of general obligation capital notes pursuant to Section 412.301
of Minnesota Statutes, to finance the acquisition of certain capital equipment
including a fire pumper truck, front end loader/snowblower, computer equipment
and street lighting/traffic control equipment. The capital notes are expected
to be issued as part of the Minnesota Cities Capital Equipment Borrowing
Program described in the Program Description on file in the office of
the City Clerk. Piper, Jaffray & Hopwood, Inc. is authorized to prepare
a Preliminary Official Statement in connection with the Program.
2. The City Clerk shall publish a copy of this resolution in the next
edition of the official newspaper with a notice as to the right to petition
for a referendum.
Adopted by the City Council on September 6, 1988
Attest:
Reviewed for administration:
cting Y
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10.
Approved as to form and execution: