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<br />Res. #09-022 <br /> <br />Council Member Fehrenbacher introduced the following resolution and moved its adoption: <br /> <br />Resolution Providing for the Sale of <br />$2,475,000 General Obligation Improvement Crossover Refunding Bonds, <br />Series 2009B <br /> <br />A. WHEREAS, the City Council of the City ofCenterville, Minnesota (the "City"), has heretofore <br />determined that it is necessary and expedient to issue the City's $2,475,000 General Obligation <br />Improvement Crossover Refunding Bonds, Series 2009B (the "Bonds"), to finance the advance <br />refunding of the City's $2,700,000 General Obligation Improvement Bonds, Series 2006A, the <br />proceeds of which were used to finance the construction of various public improvements in the City; <br />and <br /> <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 to <br />conduct a public sale of the Bonds in accordance with Minnesota Statutes, Section 475.60. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the city of Centerville, Minnesota, as <br />follows: <br /> <br />I. Authorization: Findin!!s. The City Council hereby authorizes Northland to solicit proposals for the <br />sale of the Bonds through a public sale process. <br /> <br />2. Meetin~: Prooosal OVenin!!. The City Council shall meet at 6:30 p.m. on September 23, 2009, for <br />the purpose of considering proposals for and awarding the sale of the Bonds. <br /> <br />3. Official Statement. In connection with said sale, the officers or employees of the City are hereby <br />authorized to cooperate with Northland and participate in the preparation of an official statement for <br />the Bonds and to execute and deliver it on behalf of the City upon its completion. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Council Member <br />Broussard Vickers and, after full discussion thereof and upon a vote being taken thereon, the following <br />Council Members voted in favor thereof: <br /> <br />Mayor Capra, Council Members Broussard Vickers, Fehrenbacher, Lee & Paar <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />Whereupon said resolution was declared duly passed and adopted. <br /> <br />Dated this 26lh day of August, 2009. <br /> <br />c--_.~~/~ <br />Attest <br /> <br />~(fC~ <br />