Res 2024-54 Bond SaleEXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF MENDOTA HEIGHTS, MINNESOTA
HELD: SEPTEMBER 17, 2024
Pursuant to due call and notice thereof, a regular or special meeting of the City Council
of the City of Mendota Heights, Dakota County, Minnesota, was duly held at City Hall Council
Chambers on September 17, 2024, at 7:00 P.M., for the purpose, in part, of authorizing the
competitive negotiated sale of $3,085,000 General Obligation Improvement Bonds, Series
2024A.
The following members were present: Mayor Levine, Councilors Lorberbaum,
Mazzitello, and Paper
and the following were absent: Councilor Miller
Member Lorberbaum introduced the following resolution and moved its adoption:
RESOLUTION N0.2024-54
RESOLUTION PROVIDING FOR THE SALE OF $3,085,000 GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 2024A
A. WHEREAS, the City Council of the City of Mendota Heights, Minnesota (the
"City") has heretofore determined that it is necessary and expedient to issue the City's
$3,085,000 General Obligation Improvement Bonds, Series 2024A (the "Bonds"), to finance
projects as described in the Official Statement to be prepared by Ehlers &Associates, Inc., in
Roseville, Minnesota ("Ehlers"); and
B.
WHEREAS, the City has
retained 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 of Mendota Heights, Minnesota,
as follows:
1. Authorization. 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
15, 2024,
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 Council
Member Mazzitello and, after full discussion thereof and upon a vote being taken thereon, the
following Council Members voted in favor thereof: Mayor Levine, Councilors Lorberbaum,
Mazzitello, and Paper
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and the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted.
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STATE OF MINNESOTA
DAKOTA COUNTY
CITY OF MENDOTA HEIGHTS
I, the undersigned, being the duly qualified and acting City Clerk of the City of Mendota
Heights, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing
extract of minutes with the original thereof on file in my office, and that the same is a full, true
and complete transcript of the minutes of a meeting of the City Council, duly called and held on
the date therein indicated, insofar as the minutes relate to providing for the issuance and sale of
$3,085,000General Obligation Improvement Bonds, Series 2024A.
WITNESS my hand on September 17, 2024.
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