HomeMy WebLinkAboutCC RES 04-026 RESOLUTION PROVIDING FOR THE SALE OF $2,075,000 GENERAL OBLIGATION IMPROVEMENT TEMPORARY BONDS SERIES 2004B Meeting Sheet
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104462
Box: 31
Folder: RES 2004
Document: CC RES O4-026 RESOLUTION PROVIDING FOR THE SALE OF
$2,075,000 GENERAL OBLIGATION IMPROVEMENT TEMPORARY
BONDS SERIES 20048
CITY OF ST. ANTHONY VILLAGE
• RESOLUTION 04 - 026
Council Memberintroduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$2,075,000 General Obligation Improvement Temporary Bonds Series 2004B
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 $2,075,000 General Obligation Improvement
Temporary Bonds Series 2004B(the"Bonds"),to finance the cost of improvements to 39`s Avenue 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 May 11,2004,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
ad.&ZGe and, after full discussion thereof and upon a vote being taken thereon, the
following Council nMembers voted in favor thereof-
and the following voted against the same:
Adopted this day of , 2004.
Mayor
ATTEST:
• City Clerk
Reviewed for Administration:
City M ager