Res 2021- 80 PreSale MendotaHeights 2021A CITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
Councilmember Duggan introduced the following resolution and moved its adoption:
RESOLUTION 2021-80
Resolution Providing for the Sale of
$2,630,000 General Obligation Bonds, Series 2021A
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 $2,630,000 General Obligation Bonds, Series 2021A (the
"Bonds"),to finance various street improvements to the Ivy East Neighborhood,the purchase of a fire truck,
and to provide for a current refunding of the 2013A GO Improvement Bonds 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 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 6:00 p.m. on November 3, 2021, 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
Mazzitello and, after full discussion thereof and upon a vote being taken thereon, the following City
Council Members voted in favor thereof. Mayor Levine, Councilors Duggan, Mazzitello,Paper
and the following voted against the same: None.
Whereupon said resolution was declared duly passed and adopted.
Dated this 23rd day of September, 2021.
CI'ff COUNCIL
CITY OF' NDCTA1C1ITS
r Stephan Levine,.Mayor
I.orri Sto t I, City�.�.Clerk -__-m