HomeMy WebLinkAbout12-122 - ADMIN Resolution - City Council - 2012/08/20RESOLUTION NO. 12-122
RESOLUTION PROVIDING FOR THE SALE OF
$1,290,000 TAXABLE GENERAL OBLIGATION HIA BONDS, SERIES 2012A
A. 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 $1,290,000 Taxable General
Obligation HIA Bonds, Series 2012A (the "Bonds"), to pay for improvements for the
Greensboro Square Condominium Association,
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 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 September 24,
2012, 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
reby authorized to cooperate with Ehlers and participate in the preparation of an official
sta ment for the Bonds and to execute and deliver it on behalf of the City upon its
com. etion.
Revie , ed fo ,Administration:
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Adopted by the City Council August 20, 2012