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r~ <br />• 6.08. Official Statement. The Official Statement <br />relating to the Bonds, dated February 6, 1990, prepared and <br />distributed on behalf of the City by Ehlers and Associates, <br />Inc., is hereby approved. The officers of the City are hereby <br />authorized and directed to execute such certificates as may be <br />appropriate concerning the accuracy, completeness and <br />sufficiency of the Official Statement. <br />6.09 A~lthorization of Receipt of Bond Proceeds and <br />Payment of Certain Costs of Issuance of the Bonds. The <br />Registrar is hereby authorized and directed, on the date of <br />issuance and delivery of the bonds, to receive the Bond <br />proceeds and to pay from such proceeds the fees and expenses of <br />the following persons in the following amounts incurred in <br />connection with the issuance of the Bonds upon receipt by the <br />Registrar of a statement therefor: <br />Payee <br />• <br />Ehlers and Associates, Inc. <br />Minneapolis, Minnesota <br />Moody's Investors <br />Service, Inc. <br />New York, New York <br />American National Bank <br />and Trust Company <br />Saint Paul, Minnesota <br />Service <br />Performed Amount <br />Financial <br />Consultant $2,040 <br />Rating of Bonds 765 <br />Registrar and <br />Paying Agent 300 <br />The claims of the above persons in the amounts set forth <br />opposite the names of such persons are hereby approved and no <br />further action of this Council shall be necessary in connection <br />with the payment of such fees and expenses of issuance of the <br />Bonds. The Registrar shall transfer the remaining Bond <br />proceeds to or at the direction of the City. <br />Mayor <br />• <br />Attest <br />~~~ <br />ity Clerk <br />-19- <br />