HomeMy WebLinkAboutResolution No. 421-15 - RPU.ElectricRevenueBondRESOLUTION
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 2007C RPU Electric Utility 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 $50,000,000.
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
ATTEST:
CITY CLERK
(Seal of the City of
Rochester, Minnesota)
res. pu\E1ecticRevBonds.2015
DAY OF , 2015.
PRESIDENT OF SAID COMMON COUNCIL
APPROVED THIS DAY OF , 2015.
MAYOR OF SAID CITY