05-10-2022 Resolution No. 11975RESOLUTION NO. 11975
RESOLUTION PROVIDING FOR THE SALE OF
$10,000,000 GENERAL OBLIGATIONS BONDS, SERIES 2022A
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 $10,000,000
General Obligation Bonds, Series 2022A (the "Bonds"), to finance the 2022 and
2023 street reconstruction projects and utility improvement projects in the City; and
B.
C.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);
D.
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 p.m. on June 14,
2022, 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 10th day of
May, 2022.
Mary B. Supple, Mayor Pro Tempore
ATTEST:
Kari Sinning, City Clerk
The foregoing resolution was moved by Council Member Trautmann
seconded by Council Member Hayford Oleary
and
The following voted in the affirmative:
The following voted against:
Mayor Regan Gonzalez was absent.
None.
Supple, Trautmann, Hayford Oleary, and Whalen