HomeMy WebLinkAbout1966-326 CCR Member john Leary introduced the following resolution and moved
its adoption:
RESOLUTION NO. 66 -326
RESOLUTION AUTHORIZING THE ISSUANCE OF TEMPORARY
IMPROVEMENT NOTES
WHEREAS, there is a need for interim financing prior to the selling
of bonds to finance certain improvement project costs which are to be
assessed against benefitted properties;
NOW, THEREFORE BE IT RESOLVED by the City Council of the
City of Brooklyn Center, Minnesota to authorize the issuance and sale
by Special Assessment Construction Fund No. 17 Temporary Improvement
Notes in the amount of $25, 000.00. These notes shall be dated December
12, 1966, and shall be payable out of proceeds of the final bond issue for
the projects; and
BE IT FURTHER RESOLVED that the City of Brooklyn Center Investment
Trust Fund be authorized to purchase these notes.
December 12, 1966
Date n Mayor
'1
ATTEST: r�
Clerk
The motion for the adoption of the foregoing resolution was duly seconded
by member Howard Heck, and upon vote being taken thereon, the following
voted in favor thereof: Philip Cohen, Howard Heck, john Leary and Theodore
Willard, and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.