RESOLUTION NO. 6675
A RESOLUTION
OF THE CITY OF
AUTHORIZING
THE ISSUANCE OF GENERAL
OBLIGATION
BONDS FOR THE CONSTRUCTION,
IMPROVEMENT
AND REPAIR OF CERTAIN
BE IT RESOLVED BY THE
GOVERNING BODY OF THE CITY OF
Section 1. The governing body hereby finds that the design, construction, improvement and repair of the Carnegie building (former public library) is in the public interest and is hereby ordered.
Section 2. The Governing Body hereby orders the above design, construction, improvement and repair and allocates for the projects described in Section 1, the amount of $ 600,000, plus issuance and interest costs, for said projects. The cost of the project shall be paid from all lawful sources including the issuance of General Obligation Bonds pursuant to Charter Ordinance No. 32.
Section 3. The City expects to make additional capital expenditures on and after the date of adoption of this resolution in connection with the project set forth in this resolution, and the City intends to reimburse itself for such expenditures with the proceeds of the bonds and/or notes in the maximum principal amount of $600,000.
Adopted this _________ day of _______________, 2006.
__________________________
Mike Amyx, Mayor
ATTEST:
____________________________
Frank Reeb, City Clerk