HomeMy WebLinkAbout05-058 - ADMIN Resolution - City Council - 2005/04/18RESOLUTION NO. 05 - 058
RESOLUTION PROVIDING FOR THE SALE OF
$3,780,000 GENERAL OBLIGATION BONDS,
SERIES 2005A
WHEREAS, the City Council of the City of St. Louis Park, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $3,780,000 General Obligation
Bonds, Series 2005A (the "Bonds"), to finance capital improvements including expansion to the
aquatic park and vanous public improvements; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Bonds and is therefore authonzed to solicit
proposals in accordance with Minnesota Statutes, Section 475;
NOW, THEREFORE, BE IT RESOLVED by the City Council of St. Louis Park,
Minnesota, as follows:
1. Authonzation; Findings. The City Council hereby authonzes 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 May 2, 2005, for
the purpose of considenng 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 authonzed to cooperate with Ehlers and participate in the preparation of an official
stement for the Bonds and to execute and deliver it on behalf of the City upon its
co pletion.
Rev11111/i. e� for Administration:
City M.fager Mayor
Ad tec by the C
Council Apnl 18, 2005
7
Attest:
Clerk