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No. R-93-2 <br />CITY OF FALCON HEIGHTS <br />C O U N C I L R E S O L U T I O N <br />Date: Jan. 13. 1993 <br />RESOLUTION PROVIDING FOR THE SALE OF <br />$1,200,000 G.O. TAX INCREMENT REFUNDING BONDS OF 1993 <br />A. WHEREAS, the city council of the City of Falcon Heights, Minnesota, <br />has heretofore determined that it is necessary and expedient to <br />issue the city's $1,200,000 G.O. Tax Increment Refunding Bonds of <br />1993 (the "Bonds"), to refinance certain outstanding obligations <br />of the city; and <br />B. WHEREAS, the city has retained Ehlers and Associates, Inc., in <br />Minneapolis, Minnesota ("Ehlers"), as its independent financial <br />advisor for the bonds and is therefore authorized to solicit <br />proposals in accordance with Minnesota Statutes, Section 475.60, <br />Subdivision 2(9): <br />NOW, THEREFORE, BE IT RESOLVED by the city council of the City of Falcon <br />Heights, Minnesota, as follows: <br />1. Authorization: Findings The city council hereby authorizes Ehlers to <br />solicit proposals for the sale of the bonds. <br />2. Meetina: Proposal Opening The city council shall meet at the time and <br />place specified in the terms of proposal attached hereto for the <br />purpose of considering sealed proposals for, and awarding the sale of, <br />the bonds. The city clerk, or designee, shall open proposals at the <br />time and place specified in such terms of proposal. <br />3. Terms of Proposal. The terms and conditions of the bonds and the sale <br />thereof are fully set forth in the "terms of proposal" attached hereto <br />and hereby approved and made a part hereof. <br />4. Official Statement. In connection with said sale, the officers or <br />employees of the city are hereby authorized to cooperate with Ehlers <br />and participate in the preparation of an official statement for the <br />bonds and to execute and deliver it on behalf of the city upon its <br />completion. <br />Moved by Gehrz Approved by ~tol ~ '°~ <br />Mayor <br />BALDWIN January 13, 1993 <br />CIERNIA 4 In Favor pate <br />GEHRZ <br />JACOBS 0 Against <br />GIBBON TALBOT (absent) <br />Attested by <br />Date <br />