HomeMy WebLinkAboutCC RES 03-024 A RESOLUTION PROVIDING FOR THE SALE OF $310,000 GENERAL OBLIGATION EQUIPMENT CERTIFICATES OF INDEBTEDNESS, SERIES 2003C Meeting Sheet
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104513
Box: 31
Folder: RES 2003
Document: CC RES 03-024 A RESOLUTION PROVIDING FOR THE SALE
OF $310,000 GENERAL OBLIGATION EQUIPMENT CERTIFICATES OF
INDEBTEDNESS, SERIES 20030
• Resolution No. 03-024
Council Member Sparks introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$310,000 General Obligation Equipment Certificates of Indebtedness, Series 2003C
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$310,000 General Obligation Equipment Certificates
of Indebtedness, Series 2003C(the"Certificates"),to finance the cost of replacing fire and public works
equipment; and
B. WHEREAS, the City has retained Ehlers &Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its
independent financial advisor for the Certificates 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
Certificates.
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 Certificates.
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
Certificates 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,
hereof:Hodson, Sparks, Horst, Thuesen, Faust
and the following voted against the same:
Adopted this _day of — !0 r 22003.
ayor
ATTEST:
City Clerk
• Reviewed for Administration:
City Ma#gcr