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2 <br />4925-0715-6784.2 <br />1. Authorization; Findings. The City Council hereby authorizes Northland to solicit <br />bids for the competitive negotiated sale of the Bonds. <br />2. Meeting; Bid Opening. This City Council shall meet at the time and place <br />specified in the Notice of Sale attached hereto as Exhibit A for the purpose of considering sealed <br />bids for, and awarding the sale of, the Bonds. The City Finance Director, or designee, shall open <br />bids at the time and place specified in such Notice of Sale. <br />3. Notice of Sale. The terms and conditions of the Bonds and the negotiation thereof <br />are fully set forth in the “Notice of Sale” attached hereto as Exhibit A and hereby approved and <br />made a part hereof. <br />4. Official Statement. In connection with said competitive negotiated sale, the City <br />Administrator and other officers or employees of the City are hereby authorized to cooperate <br />with Northland and participate in the preparation of an official statement for the Bonds, and to <br />execute and deliver it on behalf of the City upon its completion. <br />The motion for the adoption of the foregoing resolution was duly seconded by member <br />_____________ and, after full discussion thereof and upon a vote being taken thereon, the <br />following voted in favor thereof: <br /> <br /> <br />Approved this 17th day of June, 2025, by the City Council of the City of Lake Elmo, Minnesota. <br /> <br /> <br />CITY OF LAKE ELMO, MINNESOTA <br /> <br /> <br /> _________________________________ <br /> Charles Cadenhead, Mayor <br /> <br /> <br />ATTEST: <br /> <br /> <br />________________________________ <br />Julie Johnson, City Clerk