HomeMy WebLinkAboutResolution 8732 RESOLUTION 8732
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
Resolution Providing for the Sale of$6,000,000 General Obligation Capital Improvement
Plan Bonds, Series 2017A
A. WHEREAS,the City Council of the City of Mounds View,Minnesota has heretofore determined
that it is necessary and expedient to issue the City's $6,000,000 General Obligation Capital
Improvement Plan Bonds, Series 2017A(the "Bonds"),to finance cost associated with the
construction of the new Public Works facility in the City; and
B. WHEREAS,the City has retained Ehlers&Associates,Inc., in Roseville,Minnesota("Ehlers"),as
its independent municipal advisor for the Bonds in accordance with Minnesota Statutes, Section
475.60, Subdivision 2(9);
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of Mounds View,
Minnesota,as follows:
1. Authorization; Findings. The City Council hereby authorizes Ehlers to assist the City for the sale of
the Bonds.
2. Meeting;Proposal Opening. The City Council shall meet at 7:00 P.M. on April 10, 2017, for the
purpose of considering proposals for and awarding the sale of the Bonds.
3. Official Statement. In connection with said sale,the officers or employees of the City are hereby
authorized to cooperate with Ehlers and participate in the preparation of an official statement for the
Bonds and to execute and deliver it on behalf of the City upon its completion.
Adopted this 13th day of March,2017.
Carol A.Mueller,Mayor
ATTEST: o7A-Nvt'Le3
James Ericson, City Administrator
(SEAL)