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CITY OF ST. ANTHONY VILLAGE <br />Resolution No. 10-028 <br />Council Member introduced the following resolution and moved its adoption: <br />Resolution Providing for the Sale of <br />$1,375,000 GO Street Reconstruction Bonds, Series 2010A <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 $1,375,000 GO Street Reconstruction Bonds, Series <br />2010A (the 'Bonds"), to finance the 20 t0 street reconstruction program in the City; and <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its <br />independent financial advisor for the Bonds and is therefore authorized to solicit proposals in <br />accordance 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, Minnesota, as <br />follows: <br />1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale <br />of the Bonds. <br />2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on April 27, 2010, 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 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 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 the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Dated this 23rd day of March, 2010. <br />City Clerk <br />