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RESOLUTION 9346 <br />CITY OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />PROVIDING FOR THE SALE OF $6,140,000 GENERAL OBLIGATION WATER <br />REVENUE BONDS, SERIES 2020A <br />A. WHEREAS, the City Council of the City of Mounds View, Minnesota has heretofore <br />determined that it is necessary and expedient to issue the City's $6,140,000 General <br />Obligation Water Revenue Bonds, Series 2020A (the "Bonds"), to finance the costs <br />associated with the 2019 and 2020 Water Treatment Plant Rehab Project in the City; and <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota <br />("Ehlers"), as its independent municipal advisor for the Bonds in accordance with Minnesota <br />Statutes, Section 475.60, Subdivision 2(9); <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Mounds View, <br />Minnesota, as follows: <br />1. Authorization; Findings. The City Council hereby authorizes Ehlers to assist the City for the <br />sale of the Bonds. <br />2. Meeting; Proposal Opening. The City Council shall meet at 6:30 P.M. on December 14, <br />2020, for the purpose of considering proposals for and awarding the sale of the Bonds. <br />3. Official Statement. In connection with said sale, the officers or employees of the City are <br />hereby authorized to cooperate with Ehlers and participate in the preparation of an official <br />statement for the Bonds and to execute and deliver it on behalf of the City upon its <br />completion. <br />Adopted this 23`d day of November, 2020. <br />Carol A. Mueller, Mayor <br />ATTEST: <br />Nyl ikmu ,City Administrator <br />(SEAL) <br />