Res 2004- 79 Providing for $1,395,000 Bond Sale Series 2004AResolution No. 04 -79
Council Member Duggan introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$1,395,000 G.O. Improvement Bonds, Series 2004A
A. WHEREAS, the City Council of the City of Mendota Heights, Minnesota, has heretofore determined
that it is necessary and expedient to issue the City's $1,395,000 G.O. Improvement Bonds, Series
2004A (the "Bonds "), to pay for certain improvement projects 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 Mendota Heights, 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 City Hall on October 19, 2004, 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 motion for the adoption of the foregoing resolution was duly seconded by Council Member
Krebsbach and, after full discussion thereof and upon a vote being taken thereon, the following Council
Members voted in favor thereof. Duggan, Krebsbach, Schneeman, Vitelli and Mayor Huber
and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Dated this 5th day of October, 2004.
- -IX- -
CITY COUNCIL
CITY OJC MENDOTA HEIGHTS
By`-Ce By I /,// I Z, 4
Kat een M. Swanson, City Clerk J04P44er, Wyor
Prepared by Ehlers & Associates, Inc.