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Attachment A CITY OF ROSEVILLE ORDINANCE NO. ______ AN ORDINANCE AUTHORIZING THE CITY OF ROSEVILLE TO ISSUE GENERAL OBLIGATION REFUNDING BONDS IN THE EXERCISE OF THE CITY'S PORT AUTHORITY POWERS THE CITY OF ROSEVILLE ORDAINS: Section 1.Recitals. (a) Pursuant to Minnesota Statutes, Section 469.082, the City of Roseville, Minnesota (the "City") may exercise all of the powers of a port authority provided by Minnesota Statutes, Sections 469.048 to 469.068; and (b) the City heretofore undertook a redevelopment project consisting of redeveloping its park system and constructing a new fire station because of water infiltration and mold problems at an existing fire station located at Woodland and Lexington (the "Project") in the exercise of its legal powers and in furtherance of its goals and purposes, and requires financing for the Project; and (c) In connection with the Project, the City issued General Obligation Bonds, Series 2011A, in the original principal amount of $10,000,000, dated December 1, 2011 (the "Prior Bonds"); and (d) the City believes that it is desirable and necessary it issue general obligation refunding bonds to provide funds to refund the Prior Bonds. Section 2.Bonding Authorization. Pursuant to and in accordance with the provisions of this Ordinance and the provisions of Minnesota Statutes, Sections 469.060 and 469.082 and Chapter 475, the issuance of general obligation refunding bonds by the City, in one or more series, in fully registered form, and in the aggregate principal amount not to exceed $5,135,000 (the "Bonds"), for the purpose of providing funds to current refund the Prior Bonds, together with such costs of issuance and related costs as may be incidental to the issuance of the Bonds is hereby authorized and found to be proper. The Bonds shall be issued and sold by the City in the exercise of its port authority powers for the purpose of financing the current refunding of the Prior Bonds. The City Council hereby gives specific consent to the pledge of the City's full faith, credit, and resources to the payment and security of the Bonds and authorizes the levy of taxes for the payment of the Bonds. The issuance of the Bonds shall be further subject to the consent and approval of the City Council by resolution as to the form, content, and specific details of the Bonds and their rate or rates of interest. Section 3.Effective Date. The effective date of this Ordinance shall take effect and be in force following its publication in the official newspaper of the City. 12934144v1