HomeMy WebLinkAboutResolution 4509 i�
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��,. - CITY of ORONO
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'ti RESOLUTION OF THE CITY COUNCIL
���k'E I�04�'G NO. `� � o �
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RESOLUTION PROVIDING FOR THE SALE OF
�925,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2000
A. WHEREAS,the City Council of the City of Orono,Minnesota,has heretofore determined
that it `is necessary and expedient to issue the City's $925,000 General Obligation
� Improvement Bonds,Series 2000(the"Bonds"),to finance the construction of various sewer
improvements in the City; and
B. WH�REAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Bonds and is therefore authorized to
solicit proposals in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9).
NOW,THEREFORE,BE IT RESOLVED by the City Council of City of Orono,Minnesota, as
• follows:
1. Authorization, Findin�s. The City Council hereby authorizes Ehlers to solicit
proposals for the sale of#he Bonds.
2. Meeting; Proposal O enin . The City Council shall meet on August 28, 2000, for
the purpose of considering sealed proposals for and awarding the sale of the Bonds.
3. Official Statement. In connection with said sale, the officers or employees of the
City are hereby authorized to cooperate with Ehlers and participate in the preparation
of an official statement for the Bonds,and to execute and deliver it on behalf of the
City upon its completion.
Adopted by the City Council of the City of Orono, Minnesota at a regular meeting held this
14th day of�ugust, 2000 by a vote of 4 ayes and o nays.
ATTEST:
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Linda S. Vee, City Clerk Gabri Jabbour,Mayor
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