HomeMy WebLinkAboutCC RES 03-023 A RESOLUTION PROVIDING FOR THE SALE OF $ 1, 700,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2003B Meeting Sheet
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ioasiz
Box: 31
Folder: RES 2003
Document: CC RES 03-023 A RESOLUTION PROVIDING FOR THE SALE
OF $ 1, 700,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES
20038
• Resolution No. 03-023
Council Member T h u e s e n introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$1,700,000 General Obligation Improvement Bonds, Series 2003B
A. WHEREAS,the City Council of the City of St.Anthony Village,Minnesota,has heretofore determined
that it is necessary and expedient to issue the City's$1,700,000 General Obligation Improvement Bonds,
Series 2003B(the"Bonds"),to finance the cost of the 2003 street reconstruction program 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, Section 475.60, Subdivision 2(9);
NOW,THEREFORE,BE IT RESOLVED by the City Council of the City of St.Anthony Village,Minnesota:
1. Authorization:Findings. 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 25,2003,for the purpose
of considering sealed 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 seconded by Council Member
N/A and, after full discussion thereof and upon a vote being taken thereon, the
following Council Members voted in favor thereof:
Hodson, Horst, Thuesen, Sparks, Faust
and the following voted against the same:
None
Whereupon said resolution was declared duly passed and adopted.
Adopted this day of ���Y'/-LC�_y��/ 2003.
Mayor
ATTEST:
• City Clerk
Reviewed for Administration:
City Manager