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� <br /> . . 4 <br /> / <br /> / O� <br /> /�� <br /> 4^ O <br /> --- -���� '; CITY of ORONO <br /> 6 <br /> a � <br /> �� . G'�� RESOLUTION OF THE CITY COUNCIL , <br /> . � �9kESH�4��' �. . � � NO. � � 4� o�. � . : . <br /> RESOLUTION PROVIDING FOR THE SALE OF <br /> $1,190,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1999 <br /> WHEREAS, the City Council of the City of Orono, Minnesota, has heretofore <br /> determined that it is necessary and expedient to issue the City's $1,190,000 General Obligatiori <br /> Improvement Bonds, Series 1999 (the "Bonds"), to finance the construction of various sewer <br /> . ir�iprove�r�ents in the City; �-�d <br /> . \ <br /> � VVH�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 solicit <br /> 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; <br /> Minnesota, as follows: <br /> �"�:��" 1. Authorization. Findings. The City Council hereby authorizes Ehlers to solicit <br /> �:� proposals for the sale of the Bonds. <br /> . 2. Meeting; Proposal O�enin�. The City Council shall meet on June 28, 1999, for the <br /> 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 prepazation <br /> of an o�cial 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 /> 24th day of May; 1999 by a vote of 5 ayes and � riays. � <br /> ATTEST: � <br /> ��� �� <br /> � <br /> Linda S. Vee, City Clerk Gab 'el Jabbour,Mayar <br /> ��. <br /> _ .�.K • <br /> : � Page 1 of 1 � <br />