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<br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />. the City of Mounds View, Minnesota, as follows: <br /> <br />1. Authorization; Findings. ~~e Council hereby <br />authorizes Springsted to solicit bids for the competitive <br />negotiated sale of the Bonds. <br /> <br />2. Meetinq; Bid Openinq. The Council shall meet at <br />the time and place specified in the Terms of Proposal attached <br />hereto as Exhibit A for the purpose of considering sealed bids <br />for, and awarding the sale of, the Bonds. The City Clerk- <br />Administrator, or her designee, shall open bids at the time and <br />place specified in such Terms of Proposal. <br /> <br />3. Terms of Proposal. The terms and conditions of the <br />Bonds and the negotiation thereof are fully set forth in the <br />"Terms of Proposal" attached hereto as Exhibit A and hereby <br />approved and made a part hereof. <br /> <br />4. Official Statement. In connection with said <br />competitive negotiated sale, the officers or employees of the <br />city are hereby authorized to cooperate with Springsted and <br />participate in the preparation of an official statement for the <br />Bonds and to execute and deliver it on behalf of the City upon <br />its completion. <br /> <br />. <br /> <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by Councilmember Blanchard and, after <br />full discussion thereof and upon a vote being taken thereon, the <br />following Councilmembers voted in favor thereof: <br /> <br />Mayor Linke, Councilmembers Wuori, Blanchard, Quick, Rickaby <br />and the following voted against the same: <br /> <br />None <br /> <br />Whereupon said resolution was declared duly passed and <br />adopted. <br /> <br />ATTEST: <br /> <br />~.. / <br />,/ <br />. ./--1'>'7. ,//;I'&/, <br />/ ayor <br />//~ <br />./' <br /> <br />~ <br /> <br />----- <br /> <br />( SEAL) <br /> <br /> <br /> <br />. <br /> <br />236781 <br /> <br />2 <br />