HomeMy WebLinkAbout09-061 - ADMIN Resolution - City Council - 2009/04/20•
RESOLUTION NO. 09-061
RESOLUTION PROVIDING FOR THE SALE OF $2,020,000 TAXABLE
GENERAL OBLIGATION TAX INCREMENT REFUNDING BONDS,
SERIES 2009A
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 $2,020,000 Taxable General
Obligation Tax Increment Refunding Bonds, Series 2009A (the "Bonds"), to refund the outstanding
maturities of the $7,650,000 Taxable G.O. Tax Increment Bonds, Series 2001A;
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 St. Louis
Park, 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 7:00 P.M. on May 18, 2009, 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
e Bonds and to execute and deliver it on behalf of the City upon its completion.
Revi
for Administration:
A
•
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City anager Mayor
Adopted by the City Council April 20, 2009
Attest:
City Clerk