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CITY OF ST. ANTHONY <br />STATE OF MINNESOTA <br />RESOLUTION 11-071 <br />Resolution Providing for the Sale of $2,215,000 G.O. Refunding Bonds, Series 2011B <br />A. WHEREAS, the City Council of the City of St. Anthony, Minnesota, has heretofore <br />determined that it is necessary and expedient to issue the City's $2,215,000 G.O. Refunding <br />Bonds, Series 2011E (the "Bonds"), to refinance the 2004A and 2005A Bonds in the City; and <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota <br />("Ehlers"), as its independent financial advisor for the Bonds and is therefore authorized to <br />solicit proposals in 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, <br />Minnesota, as follows: <br />I . Authorization; Finding. The City Council hereby authorizes Ehlers to solicit proposals for the <br />sale of the I3onds. <br />2. Meetin ; 'Proposal O ening. The City Council shall meet at 7:00 p.m. on December 13, 2011, <br />for the 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 <br />hereby authorized to cooperate with Ehlers and participate in the preparation of an official <br />statement for the Bonds and to execute and deliver it on behalf of the City upon its completion. <br />Dated this 8th day of November. 2011. <br />AT'rBST: <br />City Clerk <br />Reviewed for administration: <br />Mayor <br />Interim City Manager <br />M <br />