04-09 Resolution No. 11620 RESOLUTION NO. 11620
RESOLUTION PROVIDING FOR THE SALE OF
$8,865,000 GENERAL OBLIGATIONS BONDS, SERIES 2019A
WHEREAS, the City Council of the City of Richfield, Minnesota has heretofore determined
that it is necessary and expedient to issue the City's $8,865,000 General Obligations Bonds,
Series 2019A (the "Bonds"), to finance the 66th Street and Lyndale Avenue street and utility
projects 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 assist the City for
the sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 PM on May 14, 2019,
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 9h day of April, 2019.
•
PI s, it 0'd \--
Maria Regan Gon Z lez, Mayor
ATTEST:
L. JP
Eliza et"V nHoose, City Clerk