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RESOLUTION NO.9388
RESOLUTION PROVIDING FOR THE SALE OF
$710,000 GENERAL OBLIGATION CAPITAL NOTES, SERIES 2003
WHEREAS, the City Council of the City of Richfield, Minnesota (the "City"), has
heretofore determined that it is necessary and expedient to issue the City's $710,000
General Obligation Capital Notes, Series 2003 (the "Notes"), to finance the acquisition of
various capital equipment for the City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Notes 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 Richfield,
Minnesota, as follows:
1. Authorization: Findings. The City Council hereby authorizes Ehlers to solicit proposals
for the sale of the Notes.
2. Meeting: Proposal Openinq. The City Council shall meet at 6:30 p.m. on October 21,
2003, 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 Notes and to execute and deliver it on behalf of the City upon
its completion.
Adopted by the City Council of the City of Richfield, Minnesota this 23rd day of
September, 2003.
7J?1W~..
Martin J. Kirs h
ATTEST: