Laserfiche WebLink
�w r, . ' <br /> � O� <br /> � O • O <br /> b. � CITY of ORONO <br /> � ti <br /> '�' RESOLUTION OF THE CITY COUNCIL <br /> ���kE o4�G No. 3 � � � <br /> sx <br /> � <br /> RESOLUTION PROVIDING FOR THE SALE OF $1,910,000 <br /> GENERAL OBLIGATION REFUNDING BONDS <br /> CITY OF ORONO, MIIVNESOTA <br /> A. WI�EEREAS, the City Council of the City df Orono, N'iinnesota, has heretofore <br /> determined that it is necessary and expedient to issue $1,910,000°General Obligation <br /> Refunding Bonds (the "Bonds"), to refund the City's G.O. Improvement Bonds of 1985 <br /> and G.O. Water and Sewer Revenue Bonds of 1989; and <br /> B. WI�EREAS, the City has retained Ehlers and Associates, Inc., in Minneapolis, <br /> • Minnesota ("Ehlers"), as its independent financial advisor for the Bonds and is therefore <br /> authorized to solicit proposals in accordance with Minnesota Statutes, Section 475.60, <br /> Subdivision 2(9); � <br /> NOW, T�REFORE, BE I'T RESOLVED Uy the City Council of the Ciry of Orono, <br /> Minnesota, as follows: <br /> 1. Authorization: Findin�s. The City Council hereby authorizes Ehlers to solicit proposals <br /> for the sale of the Bonds. <br /> 2. Meetin�• Proposal Openin�. The Ciry Council shall meet on December 11, 1495, at <br /> � 7:00 p.m. for the purpose of considering proposals for, and awarding the sale of the . <br /> Bonds. . <br /> 3. Official Statement. In connection with said sale, the officers or employees of the City � <br /> are hereby authorized to cooperate with Ehlers and participate in the preparation of an <br /> official statement for the Bonds and to execute and deliver it on behalf of the City upon <br /> ' its completion. <br /> • <br />