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• Resolution No. 03-023 <br /> Council Member T h u e s e n introduced the following resolution and moved its adoption: <br /> Resolution Providing for the Sale of <br /> $1,700,000 General Obligation Improvement Bonds, Series 2003B <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$1,700,000 General Obligation Improvement Bonds, <br /> Series 2003B(the"Bonds"),to finance the cost of the 2003 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,Minnesota: <br /> 1. Authorization:Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale of the <br /> Bonds. <br /> 2. Meeting,Proposal Opening. The City Council shall meet at 7:00 P.M.on March 25,2003,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 Bonds <br /> 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 /> N/A and, after full discussion thereof and upon a vote being taken thereon, the <br /> following Council Members voted in favor thereof: <br /> Hodson, Horst, Thuesen, Sparks, Faust <br /> and the following voted against the same: <br /> None <br /> Whereupon said resolution was declared duly passed and adopted. <br /> Adopted this day of ���Y'/-LC�_y��/ 2003. <br /> Mayor <br /> ATTEST: <br /> • City Clerk <br /> Reviewed for Administration: <br /> City Manager <br />