Res 2013- 65 Sale of GO Impv Bonds 2013ACITY OF MENDOTA HEIGHTS
DAKOTA COUNTY, MINNESOTA
RESOLUTION 2013 - 65
A RESOLUTION PROVIDING FOR THE SALE OF
$1,745,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2013A
WHEREAS, the City Council of the City of Mendota Heights, Miiuiesota has heretofore
determined that it is necessary and expedient to issue the City's $1,745,000 General Obligation
Improvement Bonds, Series 2013A (the "Bonds "), to finance street reconstruction and rehabilitation
projects in the City; and
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 1, 2013, 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.
Adopted by the City Council of the City of Mendota Heights this 3rd day of September, 2013.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
L -
Sandra Krebsba , ayor
Lorri Smith, City Clerk