Res 2006- 70 Sale of GO Imp Bonds Series 2006AResolution No. 06 -` 70
Council Member Krebsbach introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$630,000 General Obligation Improvement Bonds Series 2006A
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 $630,000 General Obligation Improvement Bonds Series
2006A (the "Bonds "), to finance the cost of the 2006 Public Improvements 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:
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 7:30 P.M. on September 5, 2006, for the
purpose of considering sealed proposals for and awarding the sale of the Bonds.
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
Duggan and, after full discussion thereof and upon a vote being taken thereon, the
following Council Members voted in favor thereof: Krebsbach, Duggan, Huber, Schneeman &
Vitelli
and the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted.
Dated this 15th day of August , 2006.
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
By
o er, Mayor
Kathleen M. Swanson, City Clerk