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EN HILLS
CITY OF ARDEN HILLS
COUNTY OF RAMSEY
STATE OF MINNESOTA
RESOLUTION NO.2018-039
A RESOLUTION PROVIDING FOR THE SALE OF
S2,600,000 GENERAL OBLIGATION UTILITY REVENUE BONDS, 2018A
WHEREAS, the City Council of the City of Arden Hills, Minnesota has heretofore
determined that it is necessary and expedient to issue the City's $2,600,000 General Obligation
Utility Revenue Bonds, 2018A (the "Bonds"), to finance the 2018 water and sewer utility
improvements 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 ARDEN HILLS, MINNESOTA THAT:
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 7:00pm on June 25, 2018,
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.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF ARDEN HILLS THIS 29TH
DAY OF MAY, 2018 Lai
David Grant, Mayor
ATTEST:
Julanson, City Clerk