Res 2009- 77 Providing for the Sale of GO Bonds 2009AResolution No. 77
Council Member introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$745,000 G.O. Bonds, Series, 2009A
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 $745,000 G.O. Bonds, Series, 2009A (the
"Bonds "), to finance the 2009 road reconstruction project and purchase of a fire truck 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 October 20, 2009, 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 fill 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 by City Council of the City of Mendota
Heights this 15th day of September, 2009.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
By
of u r, or
thleen M. Swanson, City Clerk