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Attachment A The Council then proceeded to consider and discuss the proposals, after which member introduced the following resolution and moved its adoption: RESOLUTION ACCEPTING PROPOSAL ON THE COMPETITIVE NEGOTIATED SALE OF $3,270,000 GENERAL OBLIGATION TAX INCREMENT REVENUE BONDS, SERIES 2015A, AND LEVYING A TAX FOR THE PAYMENT THEREOF A. WHEREAS, the City Council of the City of Roseville, Minnesota (the "City"), has heretofore established Municipal Development District No. 1(the "Development District") pursuant to the provisions of Minnesota Statutes, Sections 469.124 through 469.133, and has approved a Development Program (the "Program") with respect to the Development District; and B. WHEREAS, the Council has also heretofore established Tax Increment Financing District No. 17 as a redevelopment district within the Development District (the "TaX Increment District") under the provisions of Minnesota Statutes, Sections 469.174 through 469.179 and has approved a tax increment financing plan (the "Plan") with respect to the Tax Increment District; and C. WHEREAS, pursuant to the provisions of the Program and Plan, funds are to be expended within the Development District to provide funds to finance certain capital and administration costs, consisting of public improvements within the Tax Increment District as set forth in the Plan (the "Project"); and D. WHEREAS, the City Council has heretofore determined that it is necessary and expedient to issue $3,270,000 General Obligation Tax Increment Revenue Bonds, Series 2015A (the "Bonds" or individually, a"Bond"), pursuant to Minnesota Statutes, Chapters 469 and 475, to finance the Project; and E. WHEREAS, the City has retained Springsted Incorporated, in St. Paul, Minnesota ("Springsted"), as its independent financial advisor for the sale of the Bonds and was therefore authorized to sell the Bonds by private negotiation in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9) and proposals to purchase the Bonds have been solicited by Springsted; and F. WHEREAS, it is in the best interests of the City that the Bonds be issued in book- entry form as hereinafter provided; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, Minnesota, as follows: 1. Acceptance of Proposal. The proposal of (the "Purchaser"), to purchase the Bonds in accordance with the terms established therefor and at the rates of interest hereinafter set forth, and to pay therefor the sum of $ , plus interest accrued to settlement, is hereby accepted and the Bonds are hereby awarded to the Purchaser. The Manager is directed to retain the deposit of the Purchaser and to forthwith return to the unsuccessful bidders their good faith checks or drafts. 2 7172335v2