HomeMy WebLinkAboutResolution No. 524-12 •
RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the Common
Council concurs in the resolution of the Rochester Public Utility Board appended hereto, which
resolution requests approval for the City, through issuance of revenue bonds, to refund the
Series 2002A RPU Electric Revenue Bonds due to positive market conditions. The Electric
Revenue Bond sales will use a competitive sale method.
The amount of this refund is not to exceed $4,740,000.
The Mayor and the City Clerk are authorized and directed to execute said agreement on
behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS l` 4 DAY OF 1�� , 2012.
ACTING PRESI ANT OF SAID
COMMON C CIL
c
ATTEST:
JIDEFUT14 CITY CL
APPROVED THIS / 0 4 hDAY OF 0-t&YYL bt lL- , 2012.
J '
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
res.pu\E1ecticRevBonds.2012