02-28 Resolution No. 11336 RESOLUTION NO. 11336
RESOLUTION PROVIDING FOR THE SALE OF
$9,335,000 GENERAL OBLIGATION
STREET RECONSTRUCTION BONDS, SERIES 2017A
WHEREAS, the City Council of the City of Richfield, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $9,335,000 General
Obligation Street Reconstruction Bonds, Series 2017A (the "Bonds"), to finance the
66th Street Reconstruction project in the City; and
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 solicit
proposals for the sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 pm on March 28,
2017, 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, Minne •ta this 28th day of February,
2017.
.4.1 ■
Michae oward, Mayor Pro Tempore
ATT T:
) r
�A -.4
Elizabeth anHoose, City Clerk