Res 2010- 64 Sale of GO Bonds 2010ACouncil Member
Resolution No. 10- 6.q
introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$1,055,000 G.O. Improvement Bonds, Series, 2010A
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 $1,055,000 G.O. Improvement Bonds, Series,
2010A (the "Bonds "), to finance the 2010 road reconstruction projects in the City; and
B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ( "Ehlers "), as its
independent financial advisor for the Bonds and is therefore authorized to solicit proposals 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 solicit proposals for the sale
of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on September 7, 2010, for the
purpose of considering sealed 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
and, after full discussion thereof and upon a vote being taken thereon, the
following Council Members voted in favor thereof:
and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Adopted by the City Council of the City of Mendota Heights this 17th day of August, 2010.
ATTEST CITY COUNCIL
CITY OF MENDOTA HEIGHT
BY
Nancy Bau ji, Acting City Clerk
Extract of Minutes of Meeting of the
City Council of the City of Mendota Heights, Minnesota
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City
of Mendota Heights, Minnesota was duly held at City Hall in said City on Tuesday, the 17th day
of August, 2010 at 7:00 o'clock P.M.
The following Council members were present:
and the following were absent:
Council member Vitelli then introduced and read the following written
resolution and moved its adoption:
A RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF
EDUCATIONAL FACILITIES REVENUE REFUNDING NOTE
(ST. THOMAS ACADEMY PROJECT), SERIES 2010
The motion for the adoption of the foregoing resolution was duly seconded by Council
member Duggan , and upon vote being taken thereon the following voted in favor
thereof:
and the following voted against the same:
where upon said resolution was declared duly passed and adopted.
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