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No. R-93-19 <br />S CITY OF FALCON HEIGHTS <br />C O U N C I L R E S O L U T I O N <br />Date: 3/10/93 <br />RESOLUTION PROVIDING FOR THE SALE OF NOT TO EXCEED <br />$1,075,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1993 <br />WHEREAS, the city council of the City of Falcon Heights, <br />Minnesota, has heretofore determined that it is necessary and expedient to <br />issue the city's general obligation improvement bonds, Series 1993 (the <br />"Bonds") in an amount not to exceed $1,075,000 to finance the construction of <br />various improvements in the city; and <br />WHEREAS, the city has retained Ehlers and Associates, Inc. <br />in Minneapolis, Minnesota ("Ehlers"), as its independent financial advisor <br />for the bonds and is therefore authorized to solicit proposals in accordance <br />with Minnesota Statutes, Section 475.60, Subdivision 2(9); <br />NOW THEREFORE, BE IT RESOLVED by the city council of the City <br />of Falcon Heights, Minnesota, as follows: <br />1. Authorization: Findings The city council hereby <br />• authorizes Ehlers to solicit proposals for the sale of the bonds. <br />2. Meeting: Proposal Openinct. The city council shall meet at <br />the time and place specified in the terms of proposal attached hereto for the <br />purpose of considering sealed proposals for, and awarding the sale of, the <br />bonds. The city clerk, or designee, shall open proposals at the time and <br />place specified in such terms of proposal. <br />3. -Terms of Proposal. The terms and conditions of the bonds <br />and the sale thereof are fully set forth in the "terms of proposal" <br />attached hereto and hereby approved and made a part hereof. <br />4. Official Statement. In connection with said sale, the <br />officers or employees of the city are hereby authorized to cooperate with <br />Ehlers 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 />- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - <br />Moved by Jacobs Approved by ~~ ~~~ <br />Mayor <br />BALDWIN 3/10/93 <br />CIERNIA 5 In Favor ,, <br />CEHRZ <br />JACOBS 0 Against Attested by <br />GIBBON TALBOT C ty Cler <br />3/10/93 <br />