HomeMy WebLinkAboutRES 25-044 PROVIDING FOR THE SALE OF GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2025ACouncilmember Elnagdy_ introduced the following resolution (the "Resolution") and moved its
adoption:
RESOLUTION 25-044
RESOLUTION PROVIDING FOR THE SALE OF
GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2025A
A. WHEREAS, the City Council (the "Council") of the City of St. Anthony, Minnesota (the
"City"), has heretofore determined that it is necessary and expedient to issue the City's
General Obligation Improvement Bonds, Series 2025A (the "Bonds"), in the approximate
principal amount of $1,725,000, pursuant to Minnesota Statutes, Chapters 429 and 475, to
finance certain road and utility improvement projects in the City (the "Project") and to pay
costs of issuance of the Bonds; 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 Council of the City, as follows:
1. Authorization-, Findings. The City Council hereby authorizes Ehlers to assist the City in the
sale of the Bonds.
2. Meetin • Proposal Opening. The City Council shall meet at 7:00 p.m. on July 8, 2025, or such
other date and time deemed acceptable to the Council, 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.
4. Staff Authorizations. City staff are authorized and directed to take all other actions necessary
to carry out the intent of this resolution.
The motion for the adoption of the foregoing resolution was duly seconded by Councilmember
_Doolan , and upon vote being taken thereon, the following voted in favor thereof:
Mayor Pro Tem Jenson
Councilmember Randall
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted, and was approved and signed
by the Mayor, whose signature was attested by the City Clerk.
Adopted this 10th day of June. 2025,
JJan Jens n, Mayor Pro Tem
7
ATTEST:
C' Clerk
Reviewed for administration:
Charlie Yunker, City Manager
CERTIFICATION OF MINUTES RELATING TO
GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2025A
Issuer: City of St. Anthony, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting, held on June 10, 2025, at 7:00 p.m. at
the City Hall in St. Anthony, Minnesota.
Councilmembers present: Jenson, Doolan, Randall and Elnagdy
Councilmembers absent: Mayor Webster
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION 25-044
RESOLUTION PROVIDING FOR THE SALE OF
GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2025A
I, the undersigned, being the duly qualified and acting recording officer of the public
corporation issuing the obligations referred to in the title of this certificate, certify that the
documents attached hereto, as described above, have been carefully compared with the original
records of said corporation in my legal custody, from which they have been transcribed; that said
documents are a correct and complete transcript of the minutes of a meeting of the governing body
of said corporation, and correct and complete copies of all resolutions and other actions taken and
of all documents approved by the governing body at said meeting, so far as they relate to said
obligations; and that said meeting was duly held by the governing body at the time and place and
was attended throughout by the members indicated above, pursuant to call and notice of such
meeting given as required by law.
WITNESS my hand officially as such recording officer this 1 Oth day of June, 2025.
�e<e as e b r
e`
o
�Y�'GtiJlf Ylrli��'
City Clerk