HomeMy WebLinkAboutResolution 9346RESOLUTION 9346
CITY OF MOUNDS VIEW
COUNTY OF RAMSEY
STATE OF MINNESOTA
PROVIDING FOR THE SALE OF $6,140,000 GENERAL OBLIGATION WATER
REVENUE BONDS, SERIES 2020A
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 $6,140,000 General
Obligation Water Revenue Bonds, Series 2020A (the "Bonds"), to finance the costs
associated with the 2019 and 2020 Water Treatment Plant Rehab Project 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 6:30 P.M. on December 14,
2020, 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 23`d day of November, 2020.
Carol A. Mueller, Mayor
ATTEST:
Nyl ikmu ,City Administrator
(SEAL)