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• <br />Councilmember Anderson introduced the following resolution and moved for its adoption: <br />RESOLUTION #00 -04 -102 <br />RESOLUTION PROVIDING FOR THE COMPETITIVE NEGOTIATED SALE OF <br />$1,695,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 2000B <br />WHEREAS, the City Council of the City of Ramsey, Minnesota (the "City "), has <br />heretofore determined that it is necessary and expedient to issue a $1,695,000 General Obligation <br />Tax Increment Bonds, Series 2000B (the "Bonds ") to finance the construction of water tower <br />number two and well number five; and <br />WHEREAS, the City has retained Springsted Incorporated, in St. Paul, Minnesota <br />(" Springsted" ), as its independent financial advisor and is therefore authorized to sell these <br />obligations by a competitive negotiated sale in accordance with Minnesota Statutes, Section <br />475.60, Subdivision 2(9); and <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />RAMSEY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: <br />1. Authorization. The City Council hereby authorizes Springsted to solicit bids for the <br />competitive negotiated sale of the Bonds. <br />2. Meeting; Bid Opening. This City Council shall meet at the time and place specified <br />in the Terms of Proposal attached hereto as Exhibit A for the purpose of considering <br />sealed bids for, and awarding the sale of, the Bonds. The Administrator, or his <br />designee, shall open bids at the time and place specified is such Terms of Proposal. <br />3. Terms of Proposal. The terms and conditions of the Bonds and the negotiation <br />thereof are fully set forth in the "Terms of Proposal" attached hereto as Exhibit A <br />and hereby approved and made a part hereof. <br />4. Official Statement. In connection with said competitive negotiated sale, the <br />Administrator and other officers or employees of the City are hereby authorized to <br />cooperate with Springsted and participate in the preparation of an official statement <br />for the Bonds, and to execute and deliver it on behalf of the City upon its completion. <br />The motion for adoption of the foregoing resolution was duly seconded by Councilmember <br />Zimmerman and upon vote being taken thereon, the following voted in favor thereof: <br />Mayor Gamec <br />Councilmember Anderson <br />Councilmember Zimmerman <br />Councilmember Connolly <br />Councilmember Hendriksen <br />and the following voted against: <br />None <br />