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• <br />No. 99-13 <br />CITY OF FALCON HEIGHTS <br />COUNCIL RESOLUTION <br />Date: 4/28/99 <br />RESOLUTION AUTHORIZING THE SOLICITATION OF <br />OFFERS FOR THE 51,580,000 GENERAL OBLIGATION <br />IMPROVEMENT BONDS, SERIES 1999A <br />BE IT RESOLVED by the city council of the City of Falcon Heights, Minnesota <br />(the "Issuer"), as follows: <br />Section 1. Recitals. The Issuer has authorized certain improvements <br />pursuant to Resolution 98-32. The Issuer has determined to finance all or a portion of the <br />improvements through the issuance of its Bonds or other obligations. The Issuer has further <br />determined that such Bonds or other obligations shall be general obligation bonds payable from <br />special assessments and a tax levy. The Issuer has retained Springsted Incorporated, St. Paul, <br />Minnesota, as its financial advisor in connection with the issuance of the Bonds and has <br />• authorized Springsted Incorporated to solicit offers for the purchase of the Bonds. Springsted <br />Incorporated has submitted to this City Council the proposed form of Terms of Proposal setting <br />forth certain terms of the Bonds. <br />Section 2. Authorization. The Issuer hereby authorizes the publication and <br />dissemination of the Terms of Proposal in substantially the form attached hereto as Exhibit A, <br />such distribution to be by such means as Springsted Incorporated shall deem appropriate. <br />Section 3. Award of Sale. At its regularly scheduled meeting <br />on May 26, 1999, this city council shall consider the offers for the purchase of the Bonds on <br />the recommendation of Springsted Incorporated thereon. <br />Section 4. Ratification. All acts and undertakings of the Mayor, City <br />Administrator and other officers of the issuer in furtherance of the issuance of the Bonds <br />described herein taken prior to the date of this Resolution are hereby ratified and approved. <br />------------------------------------------------------------ <br />Moved by: Hustad Approved by: A~~ <br />Mayor <br />Aoril 28, 1999 <br />GEHRZ 5 In Favor Date <br />GIBBON TALBOT <br />HUSTAD 0 Against Attested by: <br />• JACOBS City Administrator <br />KUETTEL Aril 28, 1999 <br />Date <br />