16-11243r RESOLUTION NO. 11243
RESOLUTION PROVIDING FOR THE SALE OF
$5,450,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016B
A. WHEREAS, the City Council of the City of Richfield, Minnesota has heretofore determined
that it is necessary and expedient to issue the City's $5,450,000 General Obligation
Refunding Bonds, Series 2016B (the "Bonds"), to finance the current refunding of the
$4,705,000 G.O. Capital Improvement Plan Bonds, Series 2007A and $4,250,000 G.O.
Improvement Bonds , Series 2007B; and
B. WHEREAS, the City has retained Ehlers &Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent municipal 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 [Jurisdiction
Type] for the sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 PM on October 25, 2016,
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 13th d- of September, 2016.
Michas I Howard, Mayor 'ro Tempore
ATTEST:
C(1-'t141-0
Elizabeth VanHoose, City Clerk