RES 2010-34 - 14727RESOLUTION NO. 2010 -34
RESOLUTION PROVIDING FOR THE SALE OF $2,810,000 GENERAL OBLIGATION
UTILITY REVENUE BONDS, SERIES 2010A
WHEREAS, the City Council of the City of Fridley, Minnesota has heretofore determined that it
is necessary and expedient to issue the City's $2,810,000 General Obligation Utility Revenue
Bonds Series 2010A (the "Bonds "), 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 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 the City of Fridley,
Minnesota:
1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for
the sale of the Bonds.
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 Bonds.
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 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
28TH DAY OF JUNE 2010.
Scott J. Lund, Mayor
Attest:
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Debra A. Skogen OVy Clerk