RES 2010-38 - 14729RESOLUTION NO. 2010 -38
RESOLUTION PROVIDING FOR THE SALE OF $510,000 GENERAL OBLIGATION
EQUIPMENT CERTIFICATES, SERIES 2010B
WHEREAS, the City Council of the City of Fridley, Minnesota has heretofore determined that it
is necessary and expedient to issue the City's $510,000 General Obligation Equipment
Certificates, Series 2010B (the "Certificates "), to finance utility improvements in the City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ( "Ehlers "),
as its independent financial advisor for the Certificates and is therefore authorized to solicit
proposals in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9).
NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Fridley,
Minnesota:
1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for
the sale of the Certificates.
2. Meeting; Proposal Opening. The City Council shall meet at 7:30 p.m. on July 12, 2010, for
the purpose of considering sealed proposals for and awarding the sale of the Certificates.
3. 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 Certificates 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
28TH DAY OF JUNE 2010.
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Sc tt J. Lund, Mayor
Attest:
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Debra A. Skogen, Cia Clerk