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Attachment A
<br />EXTRACT OF MINUTES OF A MEETING
<br />OF THE CITY COUNCIL OF THE
<br />CITY OF ROSEVILLE, MINNESOTA
<br />HELD: OCTOBER 22, 2012
<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
<br />October 22, 2012, at 6:00 P.M., for the purpose, in part, of authorizing the issuance and awarding
<br />the sale of $17,000,000 General Obligation Bonds, Series 2012A.
<br />The following members were present:
<br />and the following were absent:
<br />In accordance with the resolution adopted by the City Council on September 24, 2012,
<br />the City Manager presented proposals on $17,000,000 General Obligation Bonds, Series 2012A
<br />(the "Bonds"), which were received and tabulated at the offices of Springsted Incorporated, in St.
<br />Paul, Minnesota ("Springsted") on this same day. The Council then proceeded to consider and
<br />discuss the proposals, after which Member introduced the following
<br />resolution and moved its adoption:
<br />RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $17,000,000 GENERAL
<br />OBLIGATION BONDS, SERIES 2012A AND
<br />LEVYING A TAX FOR THE PAYMENT THEREOF
<br />A. WHEREAS, the City Council of the City of Roseville, Minnesota (the "City")
<br />exercising its powers as a port authority pursuant to the Laws of Minnesota 1987, Chapter 257,
<br />Section 3, has heretofore established Redevelopment Project Area and Industrial Development
<br />District No. 1(the "Project Area") pursuant to the provisions of Minnesota Statutes, Sections
<br />469.001 through 469.047 and 469.058; and
<br />B. WHEREAS, the City, exercising its port authority powers, hereby determines and
<br />declares that it is necessary and expedient to issue $17,000,000 General Obligation Bonds, Series
<br />2012A (the "Bonds" or individually, a"Bond"), pursuant to Minnesota Statutes, Section 469.060
<br />and Chapter 475 to finance the construction of park improvements within the Project Area (the
<br />"Project"); and
<br />C. WHEREAS, the City has, by its Ordinance No. 1419, adopted October 24, 2011,
<br />agreed to pledge its full faith and credit towards the payment of the bonds to be issued pursuant
<br />to this resolution, as required under the provisions of Minnesota Statutes, Section 469.060; and
<br />D. WHEREAS, the City has retained Springsted Incorparated ("Springsted") as its
<br />independent financial advisor for the sale of the Bonds and was therefore authorized to sell the
<br />Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60,
<br />Subdivision 2(9); and
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