HomeMy WebLinkAboutResolution No. 475-04 • CITY OF ROCHESTER
COUNTY OF OLMSTED
STATE OF MINNESOTA
RESOLUTION NO. 4-7 -04
RESOLUTION CALLING FOR REDEMPTION OF
GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1985
WHEREAS, the City of Rochester,Minnesota,has heretofore issued its General
Obligation Tax Increment Bonds, Series 1985, dated December 1, 1986 (the 'Bonds").
WHEREAS, the Bonds maturing in the year 2005 are subject to redemption and
prepayment at the option of the City on December 1, 2004, at a price of par plus accrued interest.
WHEREAS, the Common Council deems it desirable and in the best interests of
the City to call the Bonds maturing on December 1, 2005 for redemption on December 1, 2004.
NOW THEREFORE, BE IT RESOLVED by the Common Council of the City of
Rochester, Minnesota, as follows:
1. The Bonds maturing on December 1, 2005 shall be redeemed and prepaid
on December 1, 2004, at a price of par and accrued interest.
• 2. The City Finance Director is hereby authorized and directed to cause
notice of the call for redemption to be mailed to the paying agent for the Bonds at least 30 days
prior to December 1, 2004. The notice shall be in substantially the form attached hereto as
Exhibit A.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS 4TH DAY OF OCTOBER, 2004.
PiFE§IDENT OF THE dOMMON COUNCIL
ATTEST:
CITY CL
-Approved this`5 ! ,day of October, 2004
MAYOR OF THE CITY OF ROCHESTER
(Seal of the City of
• Rochester, Minnesota)
1691944vl