HomeMy WebLinkAboutResolution No. 652-06A 5
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 Electric Revenue Bonds, the
emission reduction project at Silver Lake Plant.
The amount of this project is not to exceed $34,000,000; and
BE IT FURTHER RESOLVED that the Common Council approve, as part of the overall
Electric Revenue Bond issue, financing of electric system improvements.
The amount of this improvement is not to exceed $14,000,000; and
BE IT FUTHER RESOLVED that the Common Council authorize issuance of revenue
bonds to refund the Series 2000 RPU Electric Revenue Bonds due to positive market conditions.
The amount of this refund is not to exceed $35,000,000.
The total principal amount of Electric Revenue Bonds to finance improvements and refunding will
•not exceed $90,000,000.
The Mayor and the City Clerk are authorized and directed to execute said purchase order
agreement on behalf of the City.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS /W9 !r`"1 DAY OF -- , 2006.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: ✓2
CfYY GLERK
APPROVED THIS / DAY OF 256C45 F&- , 2006.
-MAYOR OF SAID CITY
(Seal of the City of
• Rochester, Minnesota)
res.pu\ElecticRevBonds.