HomeMy WebLinkAbout99- 41 - ADMIN Resolution - City Council - 1999/04/05RESOLUTION NO. 99- 99 - 4 1
RESOLUTION PROVIDING FOR THE SALE OF UP TO
$2,500,000 IN GENERAL OBLIGATION BONDS
WHEREAS, the City of St Louis Park, Minnesota, has heretofore determined that it is
necessary and expedient to issue up to $,2,500,000 in General Obligation Bonds for acquisition,
betterment and improvements of streets, street intersections, parks and related public
conveniences (the "Bonds"), and
WHEREAS, the City has retained Ehlers and Associates, Inc ("Ehlers"), as its
independent financial advisor and Briggs and Morgan, P A , as Bond Counsel 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 St Louis
Park, Minnesota, as follows
1 Authorization, Findings The City hereby authorizes Ehlers to solicit proposals for
the sale of the Bonds as noted above and Briggs and Morgan to prepare legal documentation
2 Meetings, Proposal Opening The City Council shall meet on a date to be
determined for the purpose of considering proposals for, and awarding the sale of the Bonds
3 Official Statement In connection with said sale of the Bonds, 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 said official
statements on behalf of the City upon completion
4 Effective Date This Resolution shall be effective immediately upon adoption
Reviewed for Administration
Attest
•
Ci fv Clerk
‘OL-A--e-e---..-___
Ado•ted b theouncil April 5, 1999
Mayo