06-9743r
RESOLUTION NO. 9743
RESOLUTION PROVIDING FOR THE SALE OF
$6,080,000 GENERAL OBLIGATION WATER AND SEWER
REVENUE BONDS, SERIES 2006A
WHEREAS, the City Council of the City of Richfield, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $6,080,000 General
Obligation Water and Sewer Revenue Bonds, Series 2006A (the "Bonds") to finance the
water and sewer improvements in the City; 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 475.60,
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 6:30 p.m. on
April 25, 2006, 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 28th day of
March, 2006. ~
Martin J. . h,-Mayor
ATTEST: