HomeMy WebLinkAboutResolution 2012-28 Authorizing Issuance and Sale of $865,000 GO Improvement Bonds, Series 2012BA91,303oil I
RESOLUTION ION 2012-28
BE 1T RESOLVED by the City Council of the City of Lake Elmo (the "City") as
follows:
WHEREAS, It is hereby determined to be in the best interests of the City to issue
its General Obligation improvement Bonds, Series 2012B, in the principal amount of
$865,000 (the Bonds), pursuant to Minnesota Statutes, Chapters 429 and 475, to finance
improvement projects in the City.
WHEREAS, Northland Securities, Inc, is hereby authorized, pursuant to
Minnesota Statutes, Section 475.60, Subdivision 2, paragraph (9), to solicit proposals for
the Bonds on behalf of the City on a competitive basis without requirement of published
notice. The City Council shall meet at the time and place shown in the Notice of Sale
prepared for the Bonds for the purpose of considering proposals for the purchase of the
Bonds and of taking such action thereon as may be in the best interests of the City.
Upon vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
Whereupon the Resolution was declared duly passed and adopted on this nineteenth day
of June, 2012.
CITY OF LAKE ELMO CTT- 'COUNCIL
By:
Dean A. Johnston
Mayor
ATTEST:
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Sandie Thone
City Clerk
Resolution 201.2-28
CERTIFICATION
I do hereby certify the minutes relating to general obligation improvement bonds, series 2012B
Issuer: City of Lake Elmo, Minnesota and Governing Body: City Council; Kind, date, time and
place of meeting: A regular meeting held on June 19, 2012,
at 7:00 P.M. at the City Hall, Lake Elmo, Minnesota are the a copy of the exact official
document in my office and the said resolution RESOLUTION 2012-28 approving the
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $865,000 GENERAL
OBLIGATION IMPROVEMENT BONDS, SERIES 2012B is the exact copy of the official
resolution in any office.
Members present: Mayor Johnston, Council Members Emmons, Smith, Pearson and Park.
Members absent:
Documents Attached:
Minutes of said meeting, including: RESOLUTION 2012-28 approving the RESOLUTION
AUTHORIZING ISSUANCE AND SALE OF $865,000 GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 2012B
I, the undersigned, being the duly qualified and acting recording officer of the public
corporation issuing the bonds referred to in the title of this certificate, certify that the documents
attached hereto, as described above, have been carefully compared with the original records of
said corporation in my legal custody, from which they have been transcribed; that said
documents are a correct and complete transcript of the minutes of a meeting of the governing
body of said corporation, and correct and complete copies of all resolutions and other actions
taken and of all documents approved by the governing body at said meeting, so far as they relate
to said bonds; and that said meeting was duly held by the governing body at the time and place
and was attended throughout by the members indicated above, pursuant to call and notice of such
meeting given as required by law.
WITNESS my hand officially as such recording officer on June nineteenth 2012.
T" -
Sandie Thone, City Clerk:
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