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Council Member CITY OF ST. ANTHONY VILLAGE STATE OF MINNESOTA RESOLUTION 14-024 ______ introduced the following resolution and moved its adoption: Resolution Providing for the Sale of $2,070,000 General Obligation Improvement Bonds, Series 2014A A. WHEREAS, the City Council of the City of St. Anthony, Minnesota has heretofore determined that it is necessary and expcdient to issue the City's $2,070,000 General Obligation Improvement Bonds, Series 20 14A (the "Bonds"), to finance the 2014 road reconstruction projects in the City; and B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent financial advisor for the Bonds and is therefore authorized to solicit proposals in accordance with Minnesota Statutes, Scction 475.60, Subdivision 2(9); NOW, THEREFORE, BE IT RESOLVED by the City Council of the City ofSt. Anthony, Minnesota, as follows: I. AuthQri~'!1i9Jl;l'in<:l.iI.lg§.. The City Council hereby authorizes Ehlers to solicit proposals for the sale of the Bonds. 2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on March 25, 2014, for thc purpose of considering scaled proposals for and awarding the sale of the Bonds. 3. Official Statement. In connection with said sale, the officers or employees of the City are hereby authorized to cooperate with Ehlers and participate in the preparation of an official statement for the Bonds and to execute and deliver it on behalf of the City upon its completion. The motion for the adoption of the foregoing resolution was duly secondcd by City Council Membcr and, after full discussion thereof and upon a vote being taken thereon, the following City Council Members voted in favor thereof: and the following voted against the same: Whereupon said resolution was declared duly passed and adopted. Dated this 25 'hday of February, 2014 Barbara J. Suciu, City Clerk 47