HomeMy WebLinkAboutCity Council Resolution 1991-389CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a regular meeting of the
City Council of the City of Plymouth, Minnesota was held on the 1st day
of July 1991. The following were present:
Mayor Bergman, Councilmembers Helliwell, Ricker. Vasiliou, and Zitur
The following members were absent: None
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Councilmmber Zitur introduced the following Resolution and moved its
adoption:
RESOLUTION N0.91- 3$9
AUTHORIZING THE TRANSFER OF THE TRUSTEE FOR MILES HOMES INC.
INDUSTRIAL DEVELOPMENT REVENUE BONDS OF 1980
FROM NORWEST BANK TO FIRST NATIONAL BANK OF BOSTON
WHEREAS, due to a conflict of interest, Norwest Bank has requested that it be
relieved of responsibility for the Industrial Development Revenue Bonds of
1980 for Miles Homes Inc.; and
WHEREAS, First National Bank of Boston has agreed to accept responsibility
for the bonds;
NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF
PLYMOUTH, MINNESOTA: That the Industrial Development Revenue Bonds of 1980 be
transferred from Norwest Bank to First National Bank of Boston and that the
Mayor and City Manager are hereby authorized to execute the necessary
documents to accomplish the transfer.
The motion for the adoption of the foregoing Resolution was duly seconded by
CnunrilmPmher Helliwell and upon vote being taken thereon, the following
voted in favor thereof: Mayor Berman, Councilmembers Helliwell, Ricker,
Vasiliou, and Zitur
The following voted against or abstained: None
Whereupon the Resolution was declared duly passed and adopted.