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� o� <br /> 0 0 <br /> � � CITY of ORONO <br /> �.: <br /> � � <br /> ti <br /> �',� G�' RESOLUTION OF THE CITY COUNCIL <br /> L�kES�I�4� NO. �J 7 2 ►. <br /> Resolution Providing for the Sale of <br /> $4,500,000 General Obligation Street Reconstruction Bonds, Series 2008A <br /> WHEREAS, the City Council of the City of Orono, Minnesota, (the"City"or"City Council")has <br /> heretofore determined that it is necessary and expedient to issue the City's $4,500,000 General Obligation <br /> Street Reconstruction Bonds, Series 2008A (the "Series 2008 Bonds"), to provide funds to finance street <br /> reconstruction projects; and <br /> WHEREAS,the Ci�y has retained Ehlers&Associates,Inc., in Roseville,Minnesota("Ehlers"),as <br /> its independent financial advisor for the Series 2008 Bonds,and is therefore authorized to solicit proposals in <br /> accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of Orono, Minnesota, as follows: <br /> 1. Authorization; Findinas. The City Council hereby authorizes Ehlers to solicit proposals for the sale <br /> of the Series 2008 Bonds. <br /> 2. MeetinQ; Proposa] Openin�g. Tl�e City Council shall meet at 7:00 pm oi1 March 10, 2008 for the <br /> purpose of considering sealed proposals for and aw�arding the sale of the Series 2008 Bonds. <br /> 3. Official Statement. In connection with said sale, the officers or employees of the City are herebv <br /> authorized to cooperate with Ehlers and participate in the preparation of an official statement for tne <br /> Series 2008 Bonds and to eaecute and deliver it on behalf of the City upon its completion. <br /> The motion far tl�e adoption of the foregoing resolution ��as duly seconded by Council Membe:- <br /> xahn and, after full discussion thereof and upon a ��ote being taken thereon, the <br /> followin� Coui�cil �7en�be.rs ��oted in favor tl�e;-�of: <br /> Council Members Dave Rahn, Cynthia Bremer, Lili McMillan and Jim Murphy <br /> Mayor Jim White <br /> and the follov��in� voted a�,ainst the san�e: <br /> None <br /> Adopted by the City Council of tl�e Cit� of Orono. Minnesota, a� a re;ui�.;- n�eeti�l� n�;�; <br /> FeUruary 25, 2008. � <br /> ATTEST: <br /> ;���- ,�=���- . t�� <br /> Linda S. Vee, City Clerk Ja es M. White, Mavor <br /> Pa��e i of 1 <br />