Res 2022-75 Providing for the Sale of General Obligation Bonds Series 2022A $2,030,000CITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
Resolution No. 2022-75
Resolution Providing for the Sale of a2,030,000 General Obligation Improvement Bonds, Series 2022A
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 $2,030,000 General Obligation Improvement Bonds, Series
2022A (the "Bonds"), to finance the 2022 road reconstruction 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 City Council of the City of Mendota Heights,
Minnesota, as follows:
1. Authorization:
Findings.
The
City Council
hereby authorizes Ehlers &Associates, Inc 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 October 20, 2022, 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 20'" day of September, 2022.
CITY COUNCII.
CTTY OF MENDOT`A�HEIGHTS
Z�" d{ ct—�
Stephan►e Levine, Mayor
Councilmember ��/ �✓� introduced the following resolution and moved its adopt on. The motion for
the adoption of the foregoing resolution was duly seconded by Councihnember�p and,
after full discussion thereof and upon a vote being taken thereon, the following City Councilmembers voted in
favor thereof: PAS , f,�i1/l� P and the following voted against the
same: YioalP_ Whereupon said resolution was declared duly
passed and adopted. Dated this 20th day of Se tember, 2022.
ATTEST:
Christine sr n, City Clerk