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<br />RESOLUTION NO. 8695 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION AUTHORIZING EHLERS & ASSOCIATED, INC. AND KENNEDY & <br />GRAVEN CHARTERED TO ACT AS FINANCIAL ADVISOR AND BOND COUNSEL FOR <br />THE ISSUANCE OF GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS <br />FOR FINANCING THE CONSTRUCTION OF A PUBLIC WORKS FACILITY <br /> <br /> <br /> WHEREAS, The Mounds View City Council is considering authorizing the issue of <br />General Obligation Capital Improvement Plan Bonds to finance the construction of a new public <br />works facility; and <br /> <br /> WHEREAS, the City will require specialized financial and legal services during the <br />issuance process; and <br /> <br /> WHEREAS, Ehlers & Associates, Inc. will provide financial advisory services at an <br />approximate cost of between $25,000 to $27,000 depending on the size of the bond issue; and <br /> <br />WHEREAS, Kennedy & Graven Chartered will provide bond counsel service at an <br />approximate cost of $9,000; and <br /> <br /> WHEREAS, the City has worked with both entities on past bond issues and has been <br />satisfied with the services provided; and <br /> <br /> WHEREAS, the City also desires to have the bond issue rated by a rating agency to <br />reduce the overall interest rate. <br /> <br />NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Mounds <br />View does hereby authorize Ehlers & Associates, Inc. to act as the City’s financial advisor and <br />Kennedy & Graven Chartered to act as the City’s bond counsel for the issuance of General <br />Obligation Capital Improvement Plan Bonds and to have the bond issue rated by a rating <br />agency to obtain a lower interest rate. <br /> <br /> Adopted this 9th day of January, 2017. <br /> <br /> <br /> <br /> ________________________________ <br /> Carol A. Mueller, Mayor <br />ATTEST: <br /> <br /> <br /> ________________________________ <br /> Jim Ericson, City Administrator <br /> <br />(SEAL) <br />