HomeMy WebLinkAboutCCRes_93-19No. R-93-19
S CITY OF FALCON HEIGHTS
C O U N C I L R E S O L U T I O N
Date: 3/10/93
RESOLUTION PROVIDING FOR THE SALE OF NOT TO EXCEED
$1,075,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1993
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 general obligation improvement bonds, Series 1993 (the
"Bonds") in an amount not to exceed $1,075,000 to finance the construction of
various improvements in the city; and
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. Meeting: Proposal Openinct. 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.
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Moved by Jacobs Approved by ~~ ~~~
Mayor
BALDWIN 3/10/93
CIERNIA 5 In Favor ,,
CEHRZ
JACOBS 0 Against Attested by
GIBBON TALBOT C ty Cler
3/10/93