Res 2016- 75 Providing for Sale of GO Bonds Series 2016ACITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2016-75
RESOLUTION PROVIDING FOR THE SALE OF
$1,020,000 GENERAL OBLIGATION BONDS, SERIES 2016A
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 $1,020,000 General Obligation
Bonds, Series 2016A (the "Bonds"), to finance the 2016 road reconstruction and rehabilitation
projects in the City; and
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 Mendota Heights City Council as
follows:
1. Authorization; Findings. 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 November 1,
2016, 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.
Adopted by the City Council of the City of Mendota Heights this fourth day of October, 2016.
CITY COUNCIL
CITE0 ENDOTA HEIGHTS
San
ATTEST:
Lorri Smith, City Clerk
ra Krebsbac
ayor