10-10351rRESOLUTION NO. 10351
RESOLUTION PROVIDING FOR THE SALE OF
$1,535,000 GENERAL OBLIGATION BONDS, SERIES 2010A
WHEREAS, the City Council of the City of Richfield, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $1,535,000 General
Obligation Bonds, Series 2010A (the "Bonds"), to finance various equipment purchases
and alley pavement improvements in the City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Bonds and is therefore authorized to
solicit proposals 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 April 27, 2010,
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, Minnesota this 23rd day of March,
2010.
Debbie Goettel, Mayor
ATTEST:
Nancy Gi ,City Clerk