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Resolution No. 09-031 <br />A. WHEREAS, the City Council of the City of St. Anthony, Minnesota, has heretofore determined <br />that it is necessary and expedient to issue the City's $5,240,000 GO Bonds, Series 2009 (the <br />"Bonds"), to finance the 2009 road reconstruction project, improvements to Emerald Park and to <br />refinance the 2000A and 2000B Bonds in the City; and <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), <br />as its independent financial advisor for the Bonds and is therefore authorized to solicit proposals <br />in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); <br />NOW. THEREFORE, BE IT RESOLVED by the City Council of St. Anthony, Minnesota, as <br />follows: <br />I. Authorization; Findings. "I'he City Council hereby authorizes Ehlers to solicit proposals for the <br />sale of the Bonds. <br />2. Meeting,.Proposal (enin . The City Council shall meet at 7:00 p.m. on April 14, 2009, for the <br />purpose 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 <br />the 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 Council Member <br />and, after full discussion thereof and upon a vote being taken thereon, <br />the following Council Members voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Dated this 24th day of Marc ', 2009. <br />City Cleric <br />