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i� <br /> � � O� <br /> • O O <br /> ��,. - CITY of ORONO <br /> � ti <br /> 'ti RESOLUTION OF THE CITY COUNCIL <br /> ���k'E I�04�'G NO. `� � o � <br /> S <br /> RESOLUTION PROVIDING FOR THE SALE OF <br /> �925,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2000 <br /> A. WHEREAS,the City Council of the City of Orono,Minnesota,has heretofore determined <br /> that it `is necessary and expedient to issue the City's $925,000 General Obligation <br /> � Improvement Bonds,Series 2000(the"Bonds"),to finance the construction of various sewer <br /> improvements in the City; and <br /> B. WH�REAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota <br /> ("Ehlers"), as its independent financial advisor for the Bonds and is therefore authorized to <br /> solicit proposals in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9). <br /> NOW,THEREFORE,BE IT RESOLVED by the City Council of City of Orono,Minnesota, as <br /> • follows: <br /> 1. Authorization, Findin�s. The City Council hereby authorizes Ehlers to solicit <br /> proposals for the sale of#he Bonds. <br /> 2. Meeting; Proposal O enin . The City Council shall meet on August 28, 2000, for <br /> the purpose of considering sealed proposals for and awarding the sale of the Bonds. <br /> 3. Official Statement. In connection with said sale, the officers or employees of the <br /> City are hereby authorized to cooperate with Ehlers and participate in the preparation <br /> of an official statement for the Bonds,and to execute and deliver it on behalf of the <br /> City upon its completion. <br /> Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held this <br /> 14th day of�ugust, 2000 by a vote of 4 ayes and o nays. <br /> ATTEST: <br /> � - U�-� <br /> Linda S. Vee, City Clerk Gabri Jabbour,Mayor <br /> � � . <br /> � Page 1 of 1 <br />