09-26 Resolution No. 11406 RESOLUTION NO. 11406
RESOLUTION PROVIDING FOR THE SALE OF
$3,205,000 GENERAL OBLIGATION
CAPITAL IMPROVEMENT PLAN
REFUNDING BONDS, SERIES 2017B
WHEREAS, the City Council of the City of Richfield, Minnesota has heretofore
determined that it is necessary and expedient to issue the City's $3,205,000 General
Obligation Capital Improvement Plan Refunding Bonds, Series 2017B (the "Bonds"), to
advance refund the Series 2009A Bonds for interest savings; 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 assist the
City for the sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 PM on
. November 14, 2017, 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 26th day of
September, 2017.
Pat Elliott, Mayor
ATTEST:
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Elizabeth VanHoose, City Clerk