HomeMy WebLinkAbout22-066 - ADMIN Resolution - City Council - 2022/04/18Resolution No. 22-066
Resolution providing for the sale of
$1,405,000 General Obligation Refunding Bonds, Series 2022A
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 $1,405,000 General Obligation
Refunding Bonds, Series 2022A (the "Bonds"), to finance a current refunding of the 20 10C
(Louisiana Court) Bonds 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 May 16, 2022,
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.
The motion for the adoption of the foregoing resolution was duly seconded by City Council
Member Rog, and, after full discussion thereof and upon a vote being taken thereon, the
following City Council Members voted in favor thereof: Jake Spano, Larry Kraft, Margaret Rog,
Sue Budd, Tim Brausen, and Nadia Mohamed.
And the following City Council Members voted in opposition: None
Reviewed for Administration: Adopted by the City Council April 18, 2022
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: 2B678B39-EA1A-42F2-AC8C-72D476C6304C