13-10759r RESOLUTION NO. 10759
RESOLUTION PROVIDING FOR THE SALE OF $2,770,000
GENERAL OBLIGATION STORM WATER REVENUE BONDS, SERIES 2013B
WHEREAS, the City Council of the City of Richfield, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $2,770,000 General
Obligation Storm Water Revenue Bonds, Series 2013B (the "Bonds") to finance the
acquisition of properties and construction of a regional storm water treatment facility.
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 p.m.
on Tuesday, February 26, 2013 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 12th day of
February, 2013.
lib 0 e 0 /
Debbie Goettel, Mayor
ATTEST:
r
Nancy Gibb4 ity Clerk