15-11109r RESOLUTION NO. 11109
RESOLUTION PROVIDING FOR THE SALE OF
$5,695,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2015B
WHEREAS, the City Council of the City of Richfield, Minnesota has heretofore determined that
it is necessary and expedient to issue the City's $5,695,000 General Obligation Refunding
Bonds, Series 2015B (the "Bonds"), to finance the current refundings of the $6,080,000 G.O.
Water and Sewer Revenue Bonds, Series 2006A and 2,500,000 G.O. Storm Sewer Bonds,
Series 2006B; and
WHEREAS, the City has retained Ehlers &Associates, Inc., in Roseville, Minnesota ("Ehlers"),
as its independent financial advisor for the Bonds 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 assist the City for the
sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 PM on October 13, 2015,
for the purpose of considering 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 8th day of September, 2015.
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Debbie Goettel, Mayor
ATTEST:
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Elizabeth VanH Irse, City Clerk