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Attachment A <br />EXTRACT OF MINUTES OF A MEETING <br />OF THE CITY COUNCIL <br />CITY OF DOSE ILLS, MINNESOTA <br />HELD.- October 24,, 2011 <br />Pursuant to due call and notice thereof, a regular or special meeting of the City Council <br />of the City of Roseville, Ramsey County, Minnesota, was duly held at the City Hall on October <br />24, 011, at 6.-00 P.M. for the purpose in part of authorizing the competitive negotiated sale of <br />the $,10,,000,,000 General Obligation Bonds, Series 201 IA. <br />The following members were present.* <br />and the following were absent.- <br />5=17M <br />introduced the following resolution and moved its adoption.- <br />KESOLUTION PROVIDING FOR THE COMPETITIVE NEGOTIATED SALE OF <br />► 1 10000000 GENERAL OBLIGATION BONDS SERIES 2011 A <br />A. WHEREAS,, the City Council of the City of Roseville, Minnesota the "City" <br />has heretofore determined that it is necessary and expedient to issue $,10,000,000 General <br />Obligation Bonds, Series 201 IA the "Bonds") to finance public safety and open space <br />improvements within the City; and <br />B. WHEREAS,, the City has retained Springsted Incorporated, in Saint Paul, <br />Minnesota ("Springsted")�, as its independent financial advisor and is therefore authorized to sell <br />these obligations by a competitive negotiated sale in accordance with Minnesota Statutes,, <br />Section 475.60 Subdivision 2(9); and <br />p I <br />NOW,, THEREFORE,, BE IT RESOLVED by the City Council of the City of Roseville, <br />Minnesota,, as follows.- <br />I . Authorization. The City Council hereby authorizes Springsted to solicit proposals <br />for the competitive negotiated sale of the Bonds. <br />-r <br />2. Meeting- Proposal Opening. This I his City Council shall meet at the time and place <br />specified in the Terms of Proposal attached hereto as Exhibit A for the purpose of considering <br />sealed proposals for, and awarding the sale of, the Bonds. The proposals shall be received at the <br />offices of Springsted and shall be opened at the time specified in such Terms of Proposal. <br />3. Terms of Proposal. The terms and conditions of the Bonds and the negotiation <br />thereof are fully set forth in the "Terms of Proposal" attached hereto as Exhibit A and hereby <br />approved and made a part hereof. <br />4. Official Statement. In connection with the sale,, the City Manager, Mayor and <br />other officers or employees of the City are hereby authorized to cooperate with Springsted and <br />4324910vI <br />