HomeMy WebLinkAboutRES 21-028 PROVIDING FOR THE SALE OF $3,100,000 GENERAL OBLIGATION BONDS SERIES 2021AResolution 21-028
Councilmember �V� v introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$3,100,000 General Obligation Bonds, Series 2021A
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 $3,100,000 General Obligation Bonds, Series 2021 A
(the "Bonds"), to finance the 2021 road reconstruction and mill/overlay project in the City and to
effect a current refunding of the City's General Obligation Improvement Bonds, Series 2013B 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; Findines. 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 27, 2021, 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
'p,"LQand, after full discussion thereof and upon a vote being taken thereon, the
following City Council Memb rs voted in favor thereof:
Sanson
and tq � following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Dated this 23rd day of March, 2021.
ATTEST. J
Nic I Miller, City Clerk
Reviewed for administration:
Charlie Yunker, City Manager