07-9937r
RESOLUTION NO. 9937
RESOLUTION PROVIDING FOR THE SALE OF
$4,800,000 GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS,
SERIES 2007A
WHEREAS, the City Council of the City of Richfield, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $4,800,000 General
Obligation Capital Improvement Bonds, Series 2007 A (the "Bonds") to finance the
construction of a new Central Maintenance Facility; and
WHEREAS, the City has retained Ehlers & Associates, Inc. in Minneapolis,
Minnesota (Ehlers), as its independent financial advisor for the Bonds and is therefore
authorized to solicit proposals in accordance with Minnesota Statutes, Section 475.
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 p.m. on
June 12, 2007 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 22nd day of
May, 2007.
B~GJ4-
Debbie Goettel, Mayor
ATTEST:
CfuAA-<{j'~
Nancy Gibb , CIty Clerk