HomeMy WebLinkAboutResolution 6511RESOLUTION N0.6511
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION APPROVING AGREEMENTS WITH EHLERS 8< ASSOCIATES AND
SPRINGSTED, INC. FOR FINANCIAL SERVICES DURING THE YEAR 2005
WHEREAS, the City of Mounds must comply with a State of Minnesota
requirement to annually submit financial reports on its tax increment financing (TIF)
districts to the Office of the State Auditor; and
WHEREAS, the Ehlers & Associates City of Mounds provides a service to its
clients to prepare the TIF reports and has offered to prepare the 2004 reports at a cost of
$1,200; and
WHEREAS, the City of Mounds must comply with a SEC requirement to annually
submit financial reports known as continuing disclosure; and
WHEREAS, Springsted, Inc. is the City's financial advisor and provides continuing
disclosure services to many of its clients; and
WHEREAS, Springsted, Inc. has filed continuing disclosure reports for the City of
Mounds View for the years 2001 onward; and
WHEREAS, Springsted, Inc. is willing to continue this contract to provide these
services to the City.
NOW THEREFORE, BE IT RESOLVED, that the City Council authorizes an
agreement with Ehlers & Associates for the preparation of TIF reports at an estimated
cost of $1,200.
BE IT FURTHER RESOLVED, that the City Council authorizes the existing
contract with Springsted, Inc. for the preparation of continuing disclosure reports to remain
in effect for the year 2005.
Adopted this 9th day of May 2005.
,.~.~~' r
Rob Marty, Mayor
ATTEST:
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Kurt Ulrich, City Administrator
(seal)