HomeMy WebLinkAboutRES 15-066 Providing for the Sale of $4,445,000 General Obligation TIF Refunding Bonds, Series 2015BCITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
(+f_ RESOLUTION 15 -066
Council Member J/� introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$4,445,000 General Obligation TIF Refunding Bonds, Series 2015B
A. WHEREAS, the City Council of the City of St. Anthony, Minnesota has heretofore determined that it
is necessary and expedient to issue the City's $4,445,000 General Obligation TIF Refunding Bonds,
Series 2015B (the "Bonds "), to effect a current refunding of the City's HRA Tax Increment Revenue
Bonds (Silver Lake Village Project), Series 2006 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 in accordance with Minnesota Statutes, Section 475.60,
Subdivision 2(9);
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of St. Anthony, Minnesota, as
follows:
1. Authorization: Findings. The City Council hereby authorizes Ehlers to assist the City for the sale of
the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 P.M. on December 8, 2015, for the
purpose of considering 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.
Th "otion for the adoption of the foregoing resolution was duly seconded by City Council Member
J4/►Son and, after full discussion thereof and upon a vote being taken thereon, the
following City Council Members voted in favor thereof:
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and the following voted against the same:
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Whereupon said resolution was declared duly passed and adopted.
Adopted this 10th day of November, 2015.
Jer6me O. Faust, Mayor
ATTEST: A�4 I—I&A
Nic le Miller, Cit Clerk
Review for Administration: /W/
Mark Casey, ty Manager