HomeMy WebLinkAboutRES 18-028 PROVIDING FOR THE SALE OF $2,705,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2018ACITY OF ST. ANTHONY VILLAGE
STATE OF MINNESOTA
// RESOLUTION 18 -028
Council Member t./ 4w introduced the following resolution and moved its
adoption:
Resolution Providing for the Sale of
$2,705,000 General Obligation Improvement Bonds, Series 2018A
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 $2,705,000 General
Obligation Improvement Bonds, Series 2018A (the "Bonds "), to finance the 2018 street
reconstruction projects in the City; and
B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
( "Ehlers "), as its independent municipal advisor for the Bonds 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 assist the City for the
sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on April 24, 2018, for
the purpose of considering 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 City Council
Member and, after full discussion thereof and upon a vote being
taken thereon, the follo ing City Council Members voted in favor thereof:
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and the following voted against the same:
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Whereupon said resolution was declared duly passed and adopted.
Adopted this 27th day March, 2018.
ATTEST:
Ni ope Miller, City Clerk
Reviewed for administration:
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Jerome O. Faust, Mayor
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Mark Casey, C Manager