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Council Member <br />Resolution No. <br />introduced the following resolution and moved its adoption: <br />Resolution Providing for the Sale of <br />$1,735,000 General Obligation Street Reconstruction Bonds, Series 2016A <br />A. WHEREAS, the City Council of the City of Ramsey, Minnesota has heretofore determined that it is <br />necessary and expedient to issue the City's $1,735,000 General Obligation Street Reconstruction <br />Bonds, Series 2016A (the "Bonds"), to finance the 2016 road reconstruction and overlay projects in <br />the City; and <br />B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its <br />independent municipal advisor for the Bonds in accordance with Minnesota Statutes, Section 475.60, <br />Subdivision 2(9); <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ramsey, Minnesota, as <br />follows: <br />1. Authorization: Findings. The City Council hereby authorizes Ehlers to assist the City for the sale of <br />the Bonds. <br />2. Meeting: Proposal Opening. The City Council shall meet at 7:00 p.m. on June 28, 2016, for the <br />purpose of considering proposals for and awarding the sale of the Bonds. <br />3. Official Statement. In connection with said sale, the officers or employees of the City are hereby <br />authorized to cooperate with Ehlers and participate in the preparation of an official statement for the <br />Bonds and to execute and deliver it on behalf of the City upon its completion. <br />The motion for the adoption of the foregoing resolution was duly seconded by City Council Member <br />and, after full discussion thereof and upon a vote being taken thereon, the <br />following City Council Members voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and adopted. <br />Dated this 24th day of May, 2016. <br />City Clerk <br />