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Resolution No. <br /> Council Member introduced the following resolution and moved its <br /> adoption: <br /> Resolution Providing for the Sale of <br /> General Obligation Improvement Refunding Bonds, <br /> Series 2015A,in an Estimated Principal Amount of$1,390,000 <br /> A. WHEREAS, the City Council of the City of Centerville, Minnesota(the "City"),has <br /> determined that it is necessary and expedient to issue the City's General Obligation <br /> Improvement Refunding Bonds, Series 2015A (the "Bonds") in an estimated principal <br /> amount of$1,390,000, to finance the current refunding of the City's outstanding General <br /> Obligation Improvement Crossover Refunding Bonds, Series 2009B; and <br /> B. WHEREAS, the City has retained Northland Securities, Inc., in Minneapolis, Minnesota <br /> ("Northland"), as its independent financial advisor for the Bonds and is therefore authorized <br /> to conduct a public sale of the Bonds in accordance with Minnesota Statutes, Section 475.60. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Centerville, <br /> Minnesota, as follows: <br /> 1. Authorization, Findings. The City Council hereby authorizes Northland to solicit proposals <br /> for the sale of the Bonds through a public sale process. <br /> 2. Meeting; Proposal Opening. The City Council shall meet at 6:30 p.m. on December 10, <br /> 2014, for the purpose of considering proposals for and awarding the sale of the Bonds. <br /> 3. Official Statement. In connection with said sale, the officers or employees of the City are <br /> hereby authorized to cooperate with Northland and participate in the preparation of an <br /> official statement for the Bonds and to execute and deliver it on behalf of the City upon its <br /> completion. <br /> The motion for the adoption of the foregoing resolution was duly seconded by Council Member <br /> and, after full discussion thereof and upon a vote being taken <br /> thereon, the following Council Members voted in favor thereof: <br /> and the following voted against the same: <br /> Whereupon said resolution was declared duly passed and adopted. <br /> Dated this 12'h day of November, 2014. <br /> Mayor <br /> Attest <br /> 59 <br />