HomeMy WebLinkAboutCC RES 11-025 RESOLUTION PROVIDING FOR THE SALE OF $3,000,000 G.O. IMRPOVEMENT BONDS, SERIES 2011A Meeting Sheet
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103847
Box: 31 ,
Folder: RES 2011
Document: CC RES 11-025 RESOLUTION PROVIDING FOR THE SALE OF
$3,000,000 G.O. IMRPOVEMENT BONDS, SERIES 2011A
Debt Issuance Services
Resolution No. 11-025
Council Member introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$3,000,000 G.O.Improvement Bonds, Series 2011A
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 $3,000,000 G.O. Improvement Bonds, Series 2011A
(the "Bonds"), to finance the 2011 road reconstruction project and to refinance the Series 2003A
Bonds 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, Minnesota, as
follows:
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 22, 2011, 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
emotion for the adoption of the foregoing resolution was duly seconded by Council Member
J7) /l and, after full discussion thereof and upon a vote being taken thereon, the
following Counci Members voted in favor thereof:
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and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Dated this 22nd day of February,2011.
City Clerk