RES 2006-29 - 00013715RESOLUTION 2006 — 29
RESOLUTION PROVIDING FOR THE SALE OF
$2,505,000 G.O. IMPROVEMENT BONDS, SERIES 2006A
WHEREAS, the City Council of the City of Fridley, Minnesota, has heretofore determined that it
is necessary and expedient to issue the City's $2,505,000 G.O. Improvement Bonds, Series
2006A (the "Bonds "), to finance certain improvement projects 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 Fridley, Minnesota, as
follows:
The City Council hereby authorizes Ehlers to solicit proposals for the sale of the Bonds.
The City Council shall meet at City Hall on June 26, 2006, for the purpose of considering sealed
proposals for and awarding the sale of the Bonds.
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 22nd
DAY of MAY, 2006.
SCOTT J. LUND - MAYOR
ATTEST:
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DEBRA A. SKOGEN — CITY CLERK