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No. 99-13
CITY OF FALCON HEIGHTS
COUNCIL RESOLUTION
Date: 4/28/99
RESOLUTION AUTHORIZING THE SOLICITATION OF
OFFERS FOR THE 51,580,000 GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 1999A
BE IT RESOLVED by the city council of the City of Falcon Heights, Minnesota
(the "Issuer"), as follows:
Section 1. Recitals. The Issuer has authorized certain improvements
pursuant to Resolution 98-32. The Issuer has determined to finance all or a portion of the
improvements through the issuance of its Bonds or other obligations. The Issuer has further
determined that such Bonds or other obligations shall be general obligation bonds payable from
special assessments and a tax levy. The Issuer has retained Springsted Incorporated, St. Paul,
Minnesota, as its financial advisor in connection with the issuance of the Bonds and has
• authorized Springsted Incorporated to solicit offers for the purchase of the Bonds. Springsted
Incorporated has submitted to this City Council the proposed form of Terms of Proposal setting
forth certain terms of the Bonds.
Section 2. Authorization. The Issuer hereby authorizes the publication and
dissemination of the Terms of Proposal in substantially the form attached hereto as Exhibit A,
such distribution to be by such means as Springsted Incorporated shall deem appropriate.
Section 3. Award of Sale. At its regularly scheduled meeting
on May 26, 1999, this city council shall consider the offers for the purchase of the Bonds on
the recommendation of Springsted Incorporated thereon.
Section 4. Ratification. All acts and undertakings of the Mayor, City
Administrator and other officers of the issuer in furtherance of the issuance of the Bonds
described herein taken prior to the date of this Resolution are hereby ratified and approved.
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Moved by: Hustad Approved by: A~~
Mayor
Aoril 28, 1999
GEHRZ 5 In Favor Date
GIBBON TALBOT
HUSTAD 0 Against Attested by:
• JACOBS City Administrator
KUETTEL Aril 28, 1999
Date