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RESOLUTION NO. 6511 <br /> <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br /> <br />RESOLUTION APPROVING AGREEMENTS WITH EHLERS & ASSOCIATES AND <br />SPRINGSTED, INC. FOR FINANCIAL SERVICES DURING THE YEAR 2005 <br /> <br />WHEREAS, the City of Mounds must comply with a State of Minnesota <br />requirement to annually submit financial reports on its tax increment financing (TIF) <br />districts to the Office of the State Auditor; and <br /> <br />WHEREAS, the Ehlers & Associates City of Mounds provides a service to its <br />clients to prepare the TIF reports and has offered to prepare the 2004 reports at a cost of <br />$1,200; and <br /> <br />WHEREAS, the City of Mounds must comply with a SEC requirement to annually <br />submit financial reports known as continuing disclosure; and <br /> <br />WHEREAS, Springsted, Inc. is the City’s financial advisor and provides continuing <br />disclosure services to many of its clients; and <br /> <br />WHEREAS, Springsted, Inc. has filed continuing disclosure reports for the City of <br />Mounds View for the years 2001 onward; and <br /> <br />WHEREAS, Springsted, Inc. is willing to continue this contract to provide these <br />services to the City. <br /> <br />NOW THEREFORE, BE IT RESOLVED, that the City Council authorizes an <br />agreement with Ehlers & Associates for the preparation of TIF reports at an estimated <br />cost of $1,200. <br /> <br />BE IT FURTHER RESOLVED, that the City Council authorizes the existing <br />contract with Springsted, Inc. for the preparation of continuing disclosure reports to remain <br />in effect for the year 2005. <br /> <br />Adopted this 9th day of May 2005. <br /> <br />ATTEST: <br /> <br /> <br /> Rob Marty, Mayor <br /> <br /> <br />(SEAL) <br /> Kurt Ulrich, City Administrator <br /> <br />