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CITY OF ST. ANTHONY <br /> RESOLUTION 01 - 045 <br /> • RESOLUTION CALLING FOR THE SALE OF GENERAL <br /> OBLIGATION IMPROVEMENT BONDS, SERIES 2001 B <br /> BE IT RESOLVED by the City Council of the City of St. Anthony (the City), as <br /> follows: <br /> Section 1. Purpose. The City Council has ordered various improvement projects <br /> under Minnesota Statutes, Chapter 429 (collectively, the Improvements). To finance the <br /> Improvements, it is determined to be in the best interests of the City to issue its General <br /> Obligation Improvement Bonds, Series 2001B in the principal amount of$1,160,000 (the <br /> Bonds), pursuant to Minnesota Statutes, Chapters 429 and 475. <br /> Section 2. Terms of Proposal. Springsted Incorporated, financial consultant to <br /> the City, has presented to this Council a form of Terms of Proposal for sale of the Bonds, which <br /> is attached hereto and hereby approved and shall be placed on file with the City Clerk. Each and <br /> all of the provisions of the Terms of Proposal are hereby adopted as the terms and conditions of <br /> the Bonds and of the sale thereof. Springsted Incorporated, as independent financial advisors, <br /> pursuant to Minnesota Statutes, Section 475.60, Subdivision 2, paragraph (9) is hereby <br /> authorized to solicit bids for the Bonds on behalf of the City on a negotiated basis. <br /> Section 3. Sale Meeting. This Council shall meet at the City Hall on Tuesday, <br /> March 27, 2001 at 7:00 o'clock P.M. for the purpose of considering sealed bids for the purchase <br /> • of the Bonds, and of taking such action thereon as may be in the best interests of the City. <br /> Section 4. Reimbursement of Costs from Proceeds of the Bonds. All or a portion <br /> of the costs of the Improvements may be paid by the City prior to the issuance of the Bonds to <br /> finance the Improvements, and to the extent such costs are paid by the City prior to the issuance <br /> of the Bonds it is the reasonable intent of the City to reimburse all or a portion of the costs of the <br /> Improvements paid by the City prior to the issuance of the Bonds from the proceeds of the <br /> Bonds. <br /> Adopted this 13th day of March, 200 . <br /> v <br /> Attest: Z <br /> City Clerk Mayor <br /> Reviewed for administration. A=n=, <br /> City Manager <br /> • <br />