RES 17-033 RESOLUTION PROVIDING FOR THE SALE OF $5,600,000 GENERAL OBLIGATION BONDS, SERIES 2017A

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CITY OF ST. ANTHONY STATE OF MINNESOTA 11- ` _ RESOLUTION 17-033 Council Member S f l U introduced the following resolution and moved its adoption: Resolution Providing for the Sale of $5,600,000 General Obligation Bonds, Series 2017A 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 $5,600,000 General Obligation Bonds, Series 2017A (the "Bonds"), to finance the 2017 street reconstruction projects in the City; purchase a fire truck; and, to effect a current refunding of the City's General Obligation Bonds, Series 2009A; and B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent municipal 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 April 25, 2017, 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. The motion for the adoption of the foregoing resolution was duly seconded by City Council Member -ZZ1XS0r---, and, after full discussion thereof and upon a vote being taken thereon, the following City Council Members voted in favor thereof: Qru rl Gravy, J2/lson, Fv` -- SV,1V-9- and the following voted against the same: ^ I per_ Whereupon said resolution was declared duly passed and adopted.