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2020_1109_CCPacket
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2020_1109_CCPacket
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Roseville City Council
Document Type
Council Agenda/Packets
Meeting Date
11/9/2020
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Attachment A <br />Resolution No. _______________ <br /> <br />Councilmember _________________ introduced the following resolution and moved its adoption: <br /> <br />Resolution Providing for the Sale of <br />$7,705,000 General Obligation Bonds, Series 2020A <br /> <br /> <br />A. WHEREAS, the City Council of the City of Roseville, Minnesota has heretofore determined that it is <br />necessary and expedient to issue the City's $7,705,000 General Obligation Bonds, Series 2020A (the <br />"Bonds"), to finance improvements to the water utility system and a current refunding of General <br />Obligation Bonds, Series 2011A in the City; and <br /> <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its <br />independent municipal advisor for the Bonds in accordance with Minnesota Statutes, Section 475.60, <br />Subdivision 2(9); <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Roseville, Minnesota, as <br />follows: <br /> <br />1. Authorization; Findings. The City Council hereby authorizes Ehlers to assist the City for the sale of <br />the Bonds. <br />2. Meeting; Proposal Opening. The City Council shall meet at 6:00 p.m. on December 7, 2020, for the <br />purpose of considering proposals for and awarding the sale of the Bonds. <br />3. Official Statement. In connection with said sale, the officers or employees of the City are hereby <br />authorized to cooperate with Ehlers and participate in the preparation of an official statement for the <br />Bonds and to execute and deliver it on behalf of the City upon its completion. <br />The motion for the adoption of the foregoing resolution was duly seconded by City Council Member <br />_______________________ and, after full discussion thereof and upon a vote being taken thereon, the <br />following City Council Members voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Dated this 9th day of November 9, 2020. <br /> <br /> <br />_____________________________________________ <br />City Clerk <br /> <br /> <br /> <br /> <br /> <br />
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