HomeMy WebLinkAbout22-109 - ADMIN Resolution - City Council - 2022/07/18Resolution No. 22-109
Resolution providing for the sale of
$5,210,000 General Obligation Refunding Bonds, Series 2022B
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 $5,210,000 General Obligation
Refunding Bonds, Series 2022B (the "Bonds"), to pay for improvements for the Bridgewalk
condominium association; 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); and
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 August 15, 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.
Reviewed for administration: Adopted by the City Council July 18, 2022
Kim Keller, city manager Jake Spano, mayor
Attest:
Melissa Kennedy, city clerk
DocuSign Envelope ID: 7C603835-5CC2-4A0D-ACD4-0E5DF74E4A3F