HomeMy WebLinkAbout14-152 - ADMIN Resolution - City Council - 2014/11/03RESOLUTION NO. 14-152
RESOLUTION PROVIDING FOR THE SALE OF
$10,000,000 GENERAL OBLIGATION BONDS, SERIES 2014A
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 $10,000,000 General Obligation
Bonds, Series 2014A (the "Bonds"), to finance sidewalk and trail connections and water and
storm water projects 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 the City of St. Louis
Park, Minnesota, as follows:
1. Authorization; 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 December 1, 2014,
for the purpose of considering sealed proposals for and awarding the sale of the Bonds.
'al Statement. In connection with said sale, the officers or employees of the City are
authorized to cooperate with Ehlers and participate in the preparation of an official
ent for - the Bonds and to execute and deliver it on behalf of the City upon its
pl tion.
Attest:
City Clerk
Adopte by the City Council November 3, 2014
Mayo 9 -7 4A