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INITIAL RESOLUTION FOR GENERAL OBLIGATION PARK FACILITIES BONDS BE IT RESOLVED by the Board of Park Commissioners of the Park District of the City of Dickinson, North Dakota, that it is necessary and expedient for the Park District of the City of Dickinson, North Dakota (the “Park District”) to issue its general obligation park facilities bonds as hereafter described: 1.

INITIAL RESOLUTION FOR
GENERAL OBLIGATION PARK FACILITIES BONDS
BE IT RESOLVED by the Board of Park Commissioners of the Park District of the City of Dickinson, North Dakota, that it is necessary and expedient for the Park District of the City of Dickinson, North Dakota (the “Park District”) to issue its general obligation park facilities bonds as hereafter described:
1. The maximum amount of the Bonds proposed to be issued is $950,000.
2. The purpose for which the Bonds are proposed to be issued is to construct and repair Park District infrastructure including, but not limited to, crack seal, patching and chip-seal of all parking lots, leisure trails, roadways, and related work and improvements.
3. The assessed valuation of all taxable property in the Park District, as defined in N.D.C.C. Section 21-03-01, is $1,261,079,872, as last finally equalized for the year 2020.
4. The total amount of bonded indebtedness of the Park District, all issued for park facilities purposes, is $0.
BE IT FURTHER RESOLVED that the General Obligation Park Facilities Bonds shall be issued in accordance with and pursuant to the authority granted to the Park District by Section 21-03-07(11), N.D.C.C., and the Park District hereby dedicates such an amount as is necessary to provide for the payment of the principal at maturity and the interest when due on the Bonds from the tax levy authorized by Section 21-03-15, N.D.C.C., which dedication shall continue in affect and may not be discontinued by the Park District until the principal and any accrued interest on the Bonds have been paid in full or defeased in accordance with the provisions of the resolution authorizing the issuance of the Bonds.
BE IT FURTHER RESOLVED that any owner of taxable property within the Park District may, within sixty (60) days after publication of this Resolution, file with the Clerk of the Park District a protest against the adoption of this Resolution. Protests must be in writing and must describe the property that is the subject of the protest. If the Park Board finds the protests have been signed by the owners of taxable property having an assessed valuation equal to five percent (5%) or more of the assessed valuation of all taxable property within the Park District, as last finally equalized, all further proceedings under this Resolution are barred.
BE IT FURTHER RESOLVED that the Clerk is hereby authorized and directed to cause this Resolution to be published in the official newspaper of the Park District.
Dated: February 8, 2021.
PARK DISTRICT OF THE CITY OF DICKINSON, ND
SCOTT KOVASH, PRESIDENT, Board of Park Commissioners
ATTEST: Leah Hoenke, Clerk
(Feb. 17, 2021) 2876217