HomeMy WebLinkAbout1991-278 CCR1
(RESPUBHR)
Member Celia Scott
moved its adoption:
introduced the following resolution and
RESOLUTION NO. 91 -278
RESOLUTION ESTABLISHING A DATE FOR A PUBLIC HEARING
REGARDING THE ISSUANCE OF THE CITY'S TAX INCREMENT
REFUNDING BONDS, SERIES 1992A
WHEREAS, by Resolution 91 -264, the City Council of the City of
Brooklyn Center (the "City determined to issue its $4,275,000 General
Obligation Tax Increment Refunding Bonds, Series 1992A (the "Refunding
Bonds to refund the outstanding principal amount of the City's
$5,250,000 General Obligation Tax Increment Bonds, Series 1985A (the
"1985 Bonds and
WHEREAS, Section 1313(b) of the Tax Reform Act of 1986
requires that a public hearing be held following 14 days published
notice in order to preserve the tax exempt status of the Refunding
Bonds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Brooklyn Center, Minnesota, as follows:
1. the City will hold a public hearing regarding the issuance
of the Refunding Bonds at 7:15 on January 13, 1992, at its
regular meeting to be held on that date.
2. The City Clerk is hereby authorized and directed to cause
to be published in a newspaper of general circulation in the
City not later than December 27, 1991, notice of such public
hearing in substantially the form attached hereto as Exhibit
A.
December 16, 1991
ATTEST: iti t p)1/4 &sl JA
Deputy Clerk
Date Todd Paulson, Mayor
The motion for the adoption of the foregoing resolution was duly
seconded by member Jerry Pedlar and upon vote being taken
thereon, the following voted in favor thereof:
Todd Paulson, Celia Scott, Jerry Pedlar, and Philip Cohen;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.