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RES 24-060 RELATING TO THE $1,780,000 GENERAL OBLIGATION IMROVEMENT BONDS, SERIES 2024A; AUTHORIZING ISSUANCE, AWARDING THE SALE FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY AND SECURITY AND LEVYING AD VALOREM TAXES FOR THE PAYME
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RES 24-060 RELATING TO THE $1,780,000 GENERAL OBLIGATION IMROVEMENT BONDS, SERIES 2024A; AUTHORIZING ISSUANCE, AWARDING THE SALE FIXING THE FORM AND DETAILS, PROVIDING FOR THE EXECUTION AND DELIVERY AND SECURITY AND LEVYING AD VALOREM TAXES FOR THE PAYME
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SECTION 10. CERTIFICATION OF PROCEEDINGS. <br />10.01. Registration of Bonds. The City Clerk is hereby authorized and directed to file a <br />certified copy of this resolution with the County Auditors of Hennepin and Ramsey Counties, <br />together with such additional information as is required, and to obtain a certificate from each that <br />the Bonds and the taxes levied pursuant hereto have been duly entered upon such County Auditor's <br />bond register. <br />10.02. Authentication of Transcrip . The officers of the City and the County Auditors are <br />hereby authorized and directed to prepare and furnish to the Purchaser and to Dorsey & Whitney <br />LLP, Bond Counsel, certified copies of all proceedings and records relating to the Bonds and such <br />other affidavits, certificates and information as may be required to show the facts relating to the <br />legality and marketability of the Bonds, as the same appear from the books and records in their <br />custody and control or as otherwise known to them, and all such certified copies, affidavits and <br />certificates, including any heretofore furnished, shall be deemed representations of the City as to <br />the correctness of all statements contained therein. <br />10.03. Official Statement. The Preliminary Official Statement relating to the Bonds <br />prepared and distributed by Ehlers is hereby approved. Ehlers is hereby authorized on behalf of <br />the City to prepare and distribute to the Purchaser within seven business days from the date hereof, <br />a Final Official Statement listing the offering price, the interest rates, selling compensation, <br />delivery date, the underwriters and such other information relating to the Bonds required to be <br />included in the Official Statement by Rule 15c2-12 adopted by the Securities and Exchange <br />Commission under the Securities Exchange Act of 1934. The officers of the City are hereby <br />authorized and directed to execute such certificates as may be appropriate concerning the accuracy, <br />completeness and sufficiency of the Official Statement. <br />10.04. Authorization of Payment of Certain Costs of Issuance of the Bonds <br />The City authorizes the Purchaser to forward the amount of Bond proceeds allocable to the <br />payment of issuance expenses to Wells Fargo Bank, N.A. on the closing date for further <br />distribution as directed by Ehlers. <br />Adopted this I Oth day of September, 2024. <br />ATTEST: <br />()�� <br />Jennifer Doyle, City Clerk <br />Reviewed for administration: <br />Wendy Webster, Mayor <br />Charlie Yunker, City Manager <br />15 <br />
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