HomeMy WebLinkAboutCC RES 08-027 RESOLUTION PROVIDING FOR THE SALE OF $1,910,000 GENERAL OBLIGATION STREET RECONSTRUCTION BONDS SERIES 2008 Meeting Sheet
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Box: 31
Folder: RES 2008
Document: CC RES 08-027 RESOLUTION PROVIDING FOR THE SALE OF
$1,910,000 GENERAL OBLIGATION STREET RECONSTRUCTION BONDS
SERIES 2008
• City of St. Anthony Village
Resolution No. 08 - 027
Council Member Lb d�O introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$1,910,000 General Obligation Street Reconstruction Bonds Series 2008
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$1,910,000 General Obligation
Improvement Bonds Series 2008 (the "Bonds"), to finance the cost of the 2008 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 May 13,2008,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.
Them ion for the adoption of the foregoing resolution was duly seconded by Council Member
Y&Ll and,after full discussion thereof and upon a vote being taken thereon,
the following Council Members voted in favor thereof:
�CLUS+� 6raq� f20i-h; Sfi tie-, "rnues&v-�
and the following voted against the same: No VV
Whereupon said resolution was declared duly passed and adopted.
Dated this 8th day of April, 2008.
• City Clerk