HomeMy WebLinkAboutCCRes_93-02No. R-93-2
CITY OF FALCON HEIGHTS
C O U N C I L R E S O L U T I O N
Date: Jan. 13. 1993
RESOLUTION PROVIDING FOR THE SALE OF
$1,200,000 G.O. TAX INCREMENT REFUNDING BONDS OF 1993
A. WHEREAS, the city council of the City of Falcon Heights, Minnesota,
has heretofore determined that it is necessary and expedient to
issue the city's $1,200,000 G.O. Tax Increment Refunding Bonds of
1993 (the "Bonds"), to refinance certain outstanding obligations
of the city; and
B. WHEREAS, the city has retained Ehlers and Associates, Inc., in
Minneapolis, Minnesota ("Ehlers"), as its independent financial
advisor for the bonds and is therefore authorized to solicit
proposals in accordance with Minnesota Statutes, Section 475.60,
Subdivision 2(9):
NOW, THEREFORE, BE IT RESOLVED by the city council of the City of Falcon
Heights, Minnesota, as follows:
1. Authorization: Findings The city council hereby authorizes Ehlers to
solicit proposals for the sale of the bonds.
2. Meetina: Proposal Opening The city council shall meet at the time and
place specified in the terms of proposal attached hereto for the
purpose of considering sealed proposals for, and awarding the sale of,
the bonds. The city clerk, or designee, shall open proposals at the
time and place specified in such terms of proposal.
3. Terms of Proposal. The terms and conditions of the bonds and the sale
thereof are fully set forth in the "terms of proposal" attached hereto
and hereby approved and made a part hereof.
4. Official Statement. In connection with said sale, the officers or
employees of the city are hereby authorized to cooperate with Ehlers
and participate in the preparation of an official statement for the
bonds and to execute and deliver it on behalf of the city upon its
completion.
Moved by Gehrz Approved by ~tol ~ '°~
Mayor
BALDWIN January 13, 1993
CIERNIA 4 In Favor pate
GEHRZ
JACOBS 0 Against
GIBBON TALBOT (absent)
Attested by
Date