Res 2014- 52 Providing for Sale GO Refunding Bonds 2014BCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2014-52
RESOLUTION PROVIDING FOR THE SALE OF
$900,000 GENERAL OBLIGATION REFUNDING BONDS,
SERIES 2014B
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 $900,000 General Obligation Refunding
Bonds, Series 2014B (the "Bonds"), to finance a current refunding of the 2016 to 2027 maturities of the
City's $1,595,000 General Obligation Improvement Bonds, Series 200713; and
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 the City 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-, Pr_oposal Opening. The City Council shall meet at 7:00 p.m. on October 7, 2014, 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.
Adopted by the City Council of the City of Mendota Heights this second day of September,
2014.
CITY COUNCIL
OF MENDOTA HEIGHTS
Sandra KrebWach, Mayor
A TES .
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Lorri Smith, City Cleric