Res 2007- 80 Sale of GO Bonds Series 2007AResolution No. 07 -80
Council Member Schneeman introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$1,595,000 General Obligation Improvement Bonds Series 2007B
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 $1,595,000 General Obligation
Improvement Bonds Series 2007B (the "Bonds "), to finance the cost of the 2007 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 18, 2007, 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
Krebsbach 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 by the City Council of the City of
Mendota Heights this 4th day of September, 2007.
ATTEST:
By
K thleen M. Swanson, City Clerk
CITY COUNCIL
CITY OF MENDOTA HEIGHTS
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