RES 2012-43 - 14935RESOLUTION NO. 2012-43
RESOLUTION PROVIDING FOR THE SALE OF $1,295,000 GENERAL OBLIGATION
EQUIPMENT CERTIFICATES, SERIES 2012A
WHEREAS, the City Council of the City of Fridley, Minnesota, has heretofore determined that it is
necessary and expedient to issue the City's $1,295,000 General Obligation Equipment Certificates,
Series 2010B (the "Certificates "), to finance equipment purchases of 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 August 20, 2012,
for the purpose of considering 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 9TH
DAY OF JULY 2012.
SCOTT J. L - MAYOR
ATTEST:
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DEBRA A. SKOGENU CITY CLERK