RES 2007-20 - 00014312RESOLUTION NO. 2007 - 20
RESOLUTION PROVIDING FOR THE SALE OF
$1,910,000 G.O. IMPROVEMENT BONDS, SERIES 2007A
WHEREAS, the City Council of the City of Fridley, Minnesota, has heretofore determined that it is
necessary and expedient to issue the City's $1,910,000 General Obligation Bonds, Series 2007A
(the "Bonds "), to finance improvements in the City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ( "Ehlers "), as
its independent financial advisor for the Bonds and is therefore authorized to solicit proposals in
accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9);
NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fridley, Minnesota,
as follows:
Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale
of the Bonds.
Meeting; Proposal Opening. The City Council shall meet at 7:30 p.m. on May 7, 2007, for the
purpose of considering sealed proposals for and awarding the sale of the Bonds.
Official Statement. In connection with said sale, the officers or employees of the City are hereby
authorized to cooperate with Ehlers and participate in the preparation of an official statement for the
Bonds and to execute and deliver it on behalf of the City upon its completion.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS
9th DAY OF APRIL, 2007.
ATTEST: