RES 2004-08 - 00002201RESOLUTION NO. 2004 -08
RESOLUTION PROVIDING FOR THE SALE OF
$1,285,000 G.O. REFUDNING BONDS, SERIES 2004C
WHEREAS, the City Council of the City of Fridley, Minnesota, has heretofore determined that it is
necessary and expedient to issue the City's $1,285,000 G.O. Refunding Bonds, Series 2004C (the
"Bonds "), to refund the $2,935,000 G.O. Bonds, Series 1996A of 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, that the City Council 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 City Hall on February 23, 2004, 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
26TH DAY OF JANUARY 2004.
SCOTT J. LUND - MAYOR
ATTEST:
DEBRA A. SKOGE — CITY CLERK