RES 15-066 Providing for the Sale of $4,445,000 General Obligation TIF Refunding Bonds, Series 2015B

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CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA (+f_ RESOLUTION 15 -066 Council Member J/� introduced the following resolution and moved its adoption: Resolution Providing for the Sale of $4,445,000 General Obligation TIF Refunding Bonds, Series 2015B A. WHEREAS, the City Council of the City of St. Anthony, Minnesota has heretofore determined that it is necessary and expedient to issue the City's $4,445,000 General Obligation TIF Refunding Bonds, Series 2015B (the "Bonds "), to effect a current refunding of the City's HRA Tax Increment Revenue Bonds (Silver Lake Village Project), Series 2006 in the City; and B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ( "Ehlers "), as its independent financial 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 St. Anthony, 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 December 8, 2015, 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. Th "otion for the adoption of the foregoing resolution was duly seconded by City Council Member J4/►Son and, after full discussion thereof and upon a vote being taken thereon, the following City Council Members voted in favor thereof: 505X, Ss tjjt; ��>1� G��y �i�.✓� and the following voted against the same: A/OIV-, Whereupon said resolution was declared duly passed and adopted.