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Resolution No. 06-024 <br />Council Member introduced the following resolution and moved its adoption: <br />Resolution Providing for the Sale of <br />$3,190,000 General Obligation Improvement Bonds Series 2006A <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 $3,190,000 General Obligation Improvement Bonds <br />Series 2006A (the "Bonds"), to finance the cost of the 2006 street reconstruction program in the City and <br />to provide funds, together with any contributions of the City, sufficient for a current refunding of the City's <br />callable General Obligation Bonds of 1998A and 2004A; and <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its <br />independent fmancial 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 ofthe <br />Bonds. <br />2. Meetin • Proposal Opening. The City Council shall meet at 7:00 P.M. on March 14, 2006, 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 />and, after full discussion thereof and upon a vote being taken thereon, the <br />following Council Members voted in favor thereof- <br />and <br />hereof <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Dated this day of 2006. <br />City Clerk <br />31 <br />