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i --A II��EN�HILLS CITY OF ARDEN HILLS COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION NO. 2025-018 RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS,SERIES 2025A IN THE PROPOSED AGGREGATE PRINCIPAL AMOUNT OF$4,680,000 BE IT RESOLVED by the City Council (the "Council") of the City of Arden Hills, Minnesota(the"City")as follows: Section 1. Bonds Authorized 1.01. It is hereby found, determined and declared that the City should issue its General Obligation Capital Improvement Plan Bonds, Series 2025A(the"Bonds")in the aggregate principal amount not to exceed $4,680,000, in order to finance the City's proportionate share of the construction and equipping of a new fire station (the "Project"), including costs of issuance of the Bonds, subject to further details regarding the sale of the Bonds to be set forth in a resolution to be considered by the Council at a subsequent meeting. 1.02. City staff are authorized and directed to take all other actions necessary to carry out the intent of this resolution. Section 2. Authority of Municipal Advisor. Ehlers and Associates, Inc. (the "Municipal Advisor") is authorized and directed to negotiate the sale of the Bonds. The Council will meet on Monday,April 28,2025,or another date selected by City staff,to consider proposals on the Bonds and take any other oth appropriate action with respect to the Bonds. P Section 3. Authority of Bond Counsel. The law firm of Kennedy&Graven,Chartered "Bon Counsel"), n counsel for the City and to assist in the preparation ("Bond Cou se ), is authorized to act as bond c y p p and review of necessary documents, certificates and instruments relating to the Bonds. The officers, employees and agents of the City are hereby authorized to assist Bond Counsel in the preparation of such documents, certificates, and instruments. Section 4. Covenants. In the resolution awarding the sale of the Bonds, the Council will set forth the covenants and undertakings required by Minnesota Statutes, Chapter 475, as amended(the "Act"). Section 5. Official Statement. In connection with the sale of the Bonds,the officers or employees of the City are authorized and directed to cooperate with the Municipal Advisor and participate in the preparation of an official statement for the Bonds and to deliver it on behalf of the City upon its completion. I AR200-22-1008899.v 1