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26 <br /> CITY OF-ST.ANTHONY VILLAGE <br /> RESOLUTION 04 -025 <br /> Council Member introduced the following resolution and moved its adoption: <br /> Resolution Providing for the Sale of <br /> $1,790,000 General Obligation Improvement Bonds Series 2004A <br /> A. WHEREAS,the City Council of the City of St.Anthony Village,Minnesota,has heretofore determined <br /> that it is necessary and expedient to issue the City's$1,790,000 General Obligation Improvement Bonds <br /> Series 2004A(the"Bonds"),to finance the cost of the 2004 street reconstruction program in the City;and <br /> B. WHEREAS, the City has retained Ehlers&Associates,Inc., in Roseville,Minnesota("Ehlers"), as its <br /> independent financial advisor for the Bonds and is therefore authorized to solicit proposals in accordance <br /> with Minnesota Statutes, Section 475.60, Subdivision 2(9); <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony Village, <br /> Minnesota: <br /> 1. Authorization:FindiWs. The City Council hereby authorizes Ehlers to solicit proposals for the sale of the <br /> Bonds. <br /> 2. Meetini:Proposal Opening. The City Council shall meet at 7:00 P.M.on April 13,2004,for the purpose <br /> 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 City upon its completion. <br /> The motion for the adoption of the foregoing resolution was duly seconded by Council Member <br /> and, after full discussion thereof and upon-a vote being taken thereon, the <br /> following Council Members voted in favor thereof: <br /> and the following voted against the same: <br /> Whereupon said resolution was declared duly passed and adopted. <br /> Adopted this day of 2004. <br /> Mayor <br /> ATTEST: <br /> City Clerk <br /> Reviewed for Administration: <br /> City Manager <br />