HomeMy WebLinkAbout19-118 - ADMIN Resolution - City Council - 2019/10/07Resolution 19-118
Resolution providing for the sale of
$2,230,000 Taxable General Obligation
Housing Improvement Area Refunding Bonds, Series 2019C
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 $2,230,000 Taxable General
Obligation Housing Improvement Area Refunding Bonds, Series 2019C (the "Bonds"), to finance
a current refunding of the Taxable General Obligation Housing Improvement Area Bonds, Series
2010A in the City; and
Whereas, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"),
as its independent municipal advisor for the Bonds 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 authorizes Ehlers to assist the City for the
sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 6:30 p.m. on November 4, 2019,
for the purpose of considering 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 the Bonds and to execute and deliver it on behalf of the City upon its
completion.
Reviewed for administration: Adopted by the City Council Oct. 7, 2019
Thomas K. Harmening, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: F4CF4345-6722-4954-9029-0325ABC1427F