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<br />, <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br />1\~HILLS <br /> <br />CITY OF ARDEN HILLS <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />RESOLUTION NO. 04-48 <br /> <br />Resolution Providing for the Sale of <br />$2,410,000 G,O. Tax Increment Refunding Bonds, Series 2004A <br /> <br />A. WHEREAS, the City Council ofthe City of Arden Hills, Minnesota, has heretofore determined that it <br />is necessary and expedient to issue the City's $2,410,000 G.O. Tax Increment Refunding Bonds, <br />Series 2004A (the "Bonds"), to refinance the remaining portion of the G.O. Tax Increment Bonds, <br />Series 1998A; and; <br /> <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its <br />independent financial advisor for the Bonds and is therefore authorized to solicit proposals in <br />accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of Arden Hills, Minnesota, as follows: <br /> <br />I" Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale <br />of the Bonds. <br /> <br />2. Meeting; Proposal Opening. The City Council shall meet at City Hall on September 27,2004, for the <br />purpose of considering sealed proposals for and awarding the sale of the Bonds. <br /> <br />3. Official Statement. In connection with said sale, the ottieers or employees of the City are hereby <br />authorized to cooperate with Ehlers and participate in the preparation of an official statement for the <br />Bonds and to execute and deliver it on behalf of the City upon its completion. <br /> <br />'Whereupon said resolution was declared duly passed and adopted. <br />Dated this 13th day of September, 2004. <br /> <br />A TrEST: <br /> <br />By: <br /> <br />MicheJle Wolfe <br />CiIY Administrator <br /> <br />Beverly Aplikowski <br />Its: Mayor <br />