Res 2019- 69 Sale of GO Bonds 2019BCITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
Resolution 2019-69
Councilmember Petschel introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$3,195,000 General Obligation Bonds, Series 2019B
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 $3,195,000 General Obligation Bonds, Series 2019B
(the "Bonds"), to finance the 2019 retaining wall improvements, road and storm water improvements
in the Wesley neighborhood; and a current refunding of General Obligation Improvement Bonds, Series
2010A and 2011A 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, 2019, 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
Duggan 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, Petschel, Paper.
and the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted.
Dated this 17th day of September, 2019.
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Lorri Smith, City Clerk
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
Neil Garlock, Mayor