12-10664r RESOLUTION NO. 10664
RESOLUTION PROVIDING FOR THE SALE OF
$2,150,000 GENERAL OBLIGATION STREET RECONSTRUCTION BONDS,
SERIES 2012A
WHEREAS, the City Council of the City of Richfield, Minnesota, has heretofore determined
that it is necessary and expedient to issue the City's $2,150,000 General Obligation
Street Reconstruction Bonds, Series 2012A (the "Bonds"), to finance the 76th Street
East Reconstruction project 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 the City of Richfield,
Minnesota, as follows:
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 7:00 pm on August 13,
2012, 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.
Adopted by the City Council of the City of Richfield, Minnesota this 10th day of July, 2012.
S /' i, , 1011
Debbie Goettel, Mayor
ATTEST:
Nancy Gibbil ity Clerk