HomeMy WebLinkAbout07-052 - ADMIN Resolution - City Council - 2007/04/16RESOLUTION NO. 07-052
RESOLUTION PROVIDING FOR THE SALE OF
$3,665,000 G.O. UTILITY REVENUE BONDS, SERIES 2007A
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 $3,665,000 G.O Utility Revenue
Bonds, Senes 2007BA(the "Bonds"), to finance water and storm sewer improvements 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 St. Louis Park,
Minnesota, as follows:
1. Authonzation; 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 May 7, 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
ment for the Bonds and to execute and deliver it on behalf of the City upon its
etion
Revie
Administration:
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City an. Ler
Attest:
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City
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City Clerk
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Ac}6ptea . y th Cit, Council April 16, 2007
Mayor