Loading...
Res 2025-53 Sale of Bonds Series 2025AEXTRACT OF MINUTES OF A MEETING OF THE CITY COUNCIL OF THE CITY OF MENDOTA HEIGHTS, MINNESOTA HELD: SEPTEMBER 2, 2025 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 on September 2, 2025, at 6:00 P.M., for the purpose, in part, of providing for the issuance and sale of $2,820,000 General Obligation Improvement Bonds, Series 2025A. The following members were present: Lorberbaum, Maczko, Mazzitello, and Paper and the following were absent: Levine Member Paper introduced the following resolution and moved its adoption: RESOLUTION NO. 2025-53 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $2,820,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2025A A. WHEREAS, the City Council (the "Council") of the City of Mendota Heights, Minnesota (the "City") has heretofore determined that it is necessary and expedient to issue the City's $2,820,000 General Obligation Improvement Bonds, Series 2025A (the "Bonds"), to finance the Friendly Hills street rehabilitation and water main replacement project 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 4'75.60, Subdivision 2(9). NOW, THEREFORE, BE IT RESOLVED by the City of Mendota Heights, Minnesota, as follows: Authorization. The Council hereby authorizes Ehlers to assist the City for the sale of the Bonds. 2. Meeting; Proposal Opening. The Council shall meet at 6:00 P.M. on October 7, 2025, for the purpose of considering proposals for and awarding the sale of the Bonds. 3. Official Statement. In comiection 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 Lorberbaum and, after full discussion thereof and upon a vote being taken thereon, the following Council Members voted in favor thereof: Lorberbaum, Maczlco, Mazzitello, and Paper and the following voted against the same: None Whereupon said resolution was declared duly passed and adopted. I75966857v2 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 fall, 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 $2,82Q000 General Obligation Improvement Bonds, Series 2025A. WITNESS my hand on September 2, 2025. / �../ City erk 2 175966857v2