2021-02-10 CC Packet - Laserfiche WebLink

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COUNTY OF ANOKA CITY OF CENTERVILLE Resolution # 21-____ RESOLUTION PROVIDING FOR THE COMPETITIVE NEGOTIATED SALE OF $1,335,000 GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 2021A WHEREAS, the City Council of the City of Centerville, Minnesota, (the that it is necessary and expedient to issue its $1,335,000 General Obligation Improvement Refunding Bonds, 2029 maturities of the City Improvement Bonds, Series 2013A; and WHEREAS, the City has retained Northland Securities, Inc., in Minneapolis, Minn its independent municipal advisor and is therefore authorized to sell these obligations by a competitive negotiated sale 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 Centerville, Minnesota, as follows: 1. Authorization; Findings. The City Council hereby authorizes Northland to solicit bids for the competitive negotiated sale of the Bonds. 2. Meeting; Bid Opening. This City Council shall meet at the time and place specified in the Notice of Sale attached hereto as Exhibit A for the purpose of considering sealed bids for, and awarding the sale of, the Bonds. The Administrator, or designee, shall open bids at the time and place specified in such Notice of Sale. 3. Notice of Sale. The terms and conditions of the Bonds and the negotiation thereof are fully set Exhibit A and hereby approved and made a part hereof. 4. Official Statement. In connection with said competitive negotiated sale, the Administrator and other officers or employees of the City are hereby authorized to cooperate with Northland 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. Passed and Adopted by the City of Centerville this 10th day of February, 2021. ________________________________________ Mayor, D. Love _________________________________ City Clerk, Teresa Bender