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#17-06-158
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#17-06-158
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<br /> <br />Councilmember Kuzma introduced the following resolution and moved for its adoption: <br /> <br />RESOLUTION #17-06-158 <br /> <br />A RESOLUTION PROVIDING FOR THE SALE OF $895,000 GENERAL OBLIGATION <br />ROAD RECONSTRUCTION BONDS, SERIES 2017A <br /> <br /> <br />WHEREAS, <br />A. the City Council of the City of Ramsey, Minnesota has heretofore determined <br />that it is necessary and expedient to issue the City's $895,000 General Obligation Road <br />Reconstruction Bonds, Series 2017A (the "Bonds"), to finance it 2017 road reconstruction <br />projects in the City; and <br /> <br />WHEREAS <br />B. , the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota <br />("Ehlers"), as its independent municipal advisor for the Bonds in accordance with Minnesota <br />Statutes, Section 475.60, Subdivision 2(9); <br /> <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF RAMSEY, <br />ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br /> <br />1. Authorization; Findings. The City Council hereby authorizes Ehlers to assist the City for the <br />sale of the Bonds. <br /> <br />2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on July 25, 2017, for <br />the purpose of considering proposals for and awarding the sale of the Bonds. <br /> <br />3. Official Statement. In connection with said sale, the officers or employees of the City are <br />hereby authorized to cooperate with Ehlers and participate in the preparation of an official <br />statement for the Bonds and to execute and deliver it on behalf of the City upon its <br />completion. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Councilmember <br />Shryock and upon vote being taken thereon, the following voted in favor thereof: <br /> <br /> Mayor Strommen <br /> Councilmember Kuzma <br /> Councilmember Shryock <br /> Councilmember Johns <br /> Councilmember Riley <br /> <br />and the following voted against the same: <br /> <br /> None <br /> <br />and the following abstained: <br /> <br /> None <br /> <br />
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