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Resolution No.HRA 03-007 - <br /> Commissioner introduced the following resolution and moved its adoption: <br /> Resolution Providing for the Sale of <br /> Public Facilities Lease Revenue Bonds <br /> A. WHEREAS, the Housing and Redevelopment Authority of the City of St. Anthony, Minnesota (the <br /> "HRA"), has heretofore determined that it is necessary and expedient to issue Public Facilities <br /> Lease Revenue Bonds(the 'Bonds"), to finance construction of Public Works and Fire Station <br /> facilities in the City; and <br /> B. WHEREAS, the HRA has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as <br /> its independent financial advisor for the Bonds and is therefore authorized to solicit proposals in <br /> accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); <br /> NOW,THEREFORE,BE IT RESOLVED by the HRA of the City of St. Anthony, as follows: <br /> I. Authorization, Findings. The Board of Commissioners hereby authorizes Ehlers to solicit proposals <br /> for the sale of the Bonds. <br /> 2. Meeting, Proposal Opening. The Board shall meet at on , for the <br /> purpose of considering sealed 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 hereby <br /> authorized to cooperate with Ehlers and participate in the preparation of an official statement for the <br /> Bonds and to execute and deliver it on behalf of the HRA upon its completion. <br /> The motion for the adoption of the foregoing resolution was duly seconded by Commissioner <br /> and, after full discussion thereof and upon a vote being taken thereon, the <br /> following Commissioners voted in favor thereof. <br /> and the following voted against the same: <br /> Whereupon said resolution was declared duly passed and adopted. <br /> Dated this day of ,2003. <br /> Executive Director <br />