Res 2018- 74 Providing for Sale of GO Bonds Series 2018ACITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2018-74
Council Member Duggan introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$1,125,000 General Obligation Bonds Series 2018A
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 $1,125,000 General Obligation Bonds Series 2018A
(the "Bonds"), to finance the 2018 road rehabilitation projects in the City; 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 City Council of the City of Mendota Heights, Minnesota,
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 October 16, 2018, 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.
The motion for the adoption of the foregoing resolution was duly seconded by City Council Member
Petschel and, after full discussion thereof and upon a vote being taken thereon, the following City Council
Members voted in favor thereof: Mayor Garlock, Council members Duggan, Miller, Paper, Petschel
and the following voted against the same: none.
Whereupon said resolution was declared duly passed and adopted.
Adopted by the City Council of the City of Mendota Heights this 17th day of September, 2018.
ATTEST:
Lorri Smith, City Clerk
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
i ,zi:i 4.,........,49c)
Neil Garlock, Mayor