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• RESOLUTION 7827 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION APPROVING THE TERMS OF SALE OF THE GENERAL OBLIGATION EQUIPMENT CERTIFICATES OF INDEBTEDNESS, SERIES 2011 B TO BE ISSUED BY THE CITY OF BLAINE, MINNESOTA A. WHEREAS, there is attached hereto as Exhibit A the Terms of Proposal for the issuance of General Obligation Equipment Certificates of Indebtedness to be issued pursuant to Minnesota Statutes, Section 412.301 (the "Certificates") by the City of Blaine; and B. WHEREAS, the Cities of Spring Lake Park, Mounds View and Blaine (collectively the "Cities") propose pursuant to that certain Joint Powers Agreement for the Provision of Fire Protection Services dated December 11, 1990, as previously amended and supplemented (the "Joint Powers Agreement") and a Supplement to Joint Powers Agreement attached as Exhibit B to be entered into by the Cities (the "Supplement"), to finance various equipment for municipal fire protection with the proceeds of the Certificates; and NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View, Minnesota, as follows: 1. The City Council hereby approves the Terms of Proposal for the issuance of Certificates in substantially the form attached hereto, and authorizes the City of Blaine to accept the offer of the lowest bidder for the sale of the Certificates. 2. The City Council hereby approves the Supplement in substantially the form attached, subject to modifications that do not alter the substance of the transaction and that are approved by the City Attorney and the City Administrator; provided that execution of the Agreement by the Mayor and City Administrator shall be conclusive evidence of approval. The Mayor and City Administrator are hereby authorized to execute the Supplement on behalf of Mounds View, and to carry out on behalf of Mounds View, Mounds View's obligations thereunder. 3. Mounds View hereby affirms its obligations under the Joint Powers Agreement, as modified by the Supplement, to pay its proportionate share of the debt service on the Certificates. Adopted this 12th day of September, 2011 e FI .erty,-Ma ATTEST: jalma ,�I��James Ericson, City Administrator (seal)