RES 22-033 RESOLUTION PROVIDING FOR THE SALE OF $2,390,000 GENERAL OBLIGATION BONDS SERIES, 2022A

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Resolution 22-033 Councilmember NerrI 4) introduced the following resolution and moved its adoption: Resolution Providing for the Sale of $2,390,000 General Obligation Bonds Series, 2022A 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 $2,390,000 General Obligation Bonds Series, 2022A (the "Bonds"), to finance the 2022 street reconstruction and mill and overlay projects in the City; 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 May 10, 2022, 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. T e motion for the adoption of the foregoing resolution was duly seconded by City Council Member Yl �2I1S�Vl and, after full discussion thereof and upon a vote being taken thereon, the following City Council Members voted in favor thereof: and the following voted against the same: Whereupon said resolution was declared duly passed and adopted. Dated this 12th day of April 2022. ATTEST: Randy S 1 , Mayor C Clerk Reviewed for administration: Cha Yunker, City Manager