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CITY OF ST. ANTHONY VILLAGE <br />STATE OF MINNESOTA <br />RESOLUTION 19-051 <br />Council Member J,S( introduced the following resolution and moved its adoption: <br />Resolution Providing for the Sale of <br />$2,975,000 General Obligation Bonds, Series 2019A <br />A. WHEREAS, the City Council of the City of St. Anthony, Minnesota has heretofore determined that it <br />is necessary and expedient to issue the City's $2,975,000 General Obligation Bonds, Series 2019A (the <br />"Bonds"), to finance various storm water improvements to address flooding issues in and around Silver <br />Lake Road and in the Industrial Park and installation of utilities and a new sidewalk along County Road <br />C and to effectuate a current refunding of the 2010A and 2011A Bonds in the City; and <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its <br />independent municipal advisor for the Bonds in accordance with Minnesota Statutes, Section 475.60, <br />Subdivision 2(9); <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota, as <br />follows: <br />1. Authorization; Findings. The City Council hereby authorizes Ehlers to assist the City for the sale of <br />the Bonds. <br />2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on June 25, 2019, for the purpose <br />of considering 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 City Council Member <br />Grad and, after full discussion thereof and upon a vote being taken thereon, the <br />following uty Council Members voted in favor thereof: <br />1b$61, fh1Le, Fins], Grimy <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Dated this 28th day of May, 2019. <br />ATTEST: <br />NicolMiller, City Clerk <br />Reviewed for administration: <br />Jerome O. Faust, Mayor <br />6A41- <br />Mark Casey, City ager <br />