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5211829v1 <br /> <br /> <br /> <br />EXTRACT OF MINUTES OF A MEETING <br />OF THE CITY COUNCIL <br />CITY OF ROSEVILLE, MINNESOTA <br />HELD: February 11, 2013 <br />Pursuant to due call and notice thereof, a regul ar or special meeting of the City Council <br />of the City of Roseville, Ramsey County, Mi nnesota, was duly held at the City Hall on <br />February 11, 2013, at 6:00 P.M. for the purpose in part of authorizing the competitive negotiated <br />sale of the $4,145,000 General Obligation Munici pal Building Refunding Bonds, Series 2013A. <br />The following members were present: <br />and the following were absent: <br />Member _______________ introduced the following resolution and moved its adoption: <br />RESOLUTION PROVIDING FOR THE COMP ETITIVE NEGOTIATED SALE OF $4,145,000 <br />GENERAL OBLIGATION MUNI CIPAL BUILDING REFUNDING BONDS, SERIES 2013A <br />A. WHEREAS, the City Council of the City of Roseville, Minnesota (the "City"), <br />has heretofore determined that it is nece ssary and expedient to issue $4,145,000 General <br />Obligation Municipal Building Refunding Bonds, Seri es 2013A (the "Bonds") to provide funds <br />for a crossover advance refundi ng of the March 1, 2015 through March 1, 2019 maturities of the <br />City’s General Obligation Municipal Building Bonds, Series 2003A, dated March 1, 2003; and <br />B. WHEREAS, the City has retained Spri ngsted Incorporated, in Saint Paul, <br />Minnesota ("Springsted"), as its independent financ ial advisor and is theref ore 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 />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, <br />Minnesota, as follows: <br />1. Authorization. The City Council hereby au thorizes Springsted to solicit proposals <br />for the competitive negoti ated sale of the Bonds. <br />2. Meeting; Proposal Opening. This 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 awardi ng the sale of, the Bonds. The pr oposals shall be received at the <br />offices of Springsted and shall be opened at th e time specified in such Terms of Proposal. <br />3. Terms of Proposal. The terms and cond itions of the Bonds and the negotiation <br />thereof are fully set forth in the "Terms of Pr oposal" attached hereto as Exhibit A and hereby <br />approved and made a part hereof.