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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION NO. 5836 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION CALLING FOR THE SALE OF THE CITY'S GENERAL OBLIGATION WATER <br />REVENUE REFUNDING BONDS, SERIES 2002A <br /> <br />WHEREAS, the City's financial advisor is recommending that it is in the interest of the City to <br />refund the GO Water Revenue Refunding Bonds, Series 1993A. <br /> <br />NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Mounds View, as <br />follows: <br />1. It is hereby determined: <br /> <br />a) The City Council believes it to be in the City's best interest to consider a <br />refunding of the callable bonds of the City's General Obligation Water Revenue <br />Refunding Bonds, Series 1993A, dated June 1, 1993(the "Prior Bonds"). <br />b) It would be advantageous for the City to issue its General Obligation Water <br />Revenue Refunding Bonds, Series 2002A (the "Bonds") to provide moneys <br />(together with other funds available for such purpose) for a current refunding of <br />the callable Prior Bonds. <br />c) The City has retained Springsted Incorporated, in Saint Paul, Minnesota, as it <br />independent financial advisor for the Bonds and is therefore authorized to sell the <br />Bonds by negotiated sale in accordance with Minnesota Statutes, Section <br />475.60, Subdivision 2(9). Springsted has submitted to the City suggested Terms <br />of Proposal respecting the Bonds. <br /> <br />2. Meetinq; Terms of Proposal. The City Council shall meet at 6:00 P.M. on Monday, <br />October 7, 2002 in the City Council Chambers for the purpose of considering any bids for, and <br />awarding the sale of, the Bonds, The terms and conditions of the Bonds and the sale thereof are <br />set forth in the said Terms of Proposal. <br /> <br />ATTEST: <br /> <br />(SEAL) <br /> <br />Adopted this 9th day of September, 2002. <br />fit, !:~'"~, ~i . . <br />Ari PI~n"";; U). h. " <br />.. }[ i-=- "'=_ <br />Richard Sonterre, Mayor <br /> <br />f::' l'f'""'- ~ ~ n\ fJr -.... <br />/Y"~> ~'LJ~>l :t! . J:'; :~L.~:~~ ~I .1 ~:.. ." ~ <br />", ..' ...,"",,/ '1"'""" ",.. ...,;.. 1l , i ,,," <br />/F1-\ /1 IJ' ~ rj i-l ~ r:J ~ .. <br />U jL J. rl U ~& tl G.:t::..~ ~b.', <br />Kathleen F, Miller, City Administrator <br /> <br />Motion by: Stigney <br />Second: Thomas <br /> <br />Sonterre: <br />Stigney: <br />Marty: <br />Thomas: <br />Quick: <br /> <br />Aye <br />Aye <br />Absent <br />Aye <br />Aye <br />