HomeMy WebLinkAbout2015-05Resolution No. 2015 -05
Council Member Williams introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$7,000,000 General Obligation Library Bonds, Series 2015A
A. WHEREAS, the City Council of the City of Columbia Heights, Minnesota has heretofore determined
that it is necessary and expedient to issue the City's $7,000,000 General Obligation Library Bonds,
Series 2015A (the "Bonds "), to finance construction of a new library in the community in the City;
and
B. WHEREAS, 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 the City of Columbia Heights,
Minnesota, as follows:
1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale
of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on February 9, 2015, 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.
The motion for the adoption of the foregoing resolution was duly seconded by City Council Member
Schmitt and, after full discussion thereof and upon a vote being taken thereon, the following City Council
Members voted in favor thereof.
Mayor Peterson, Councilmembers Nawrocki, Williams, Schmitt and Murzyn, Jr.
and the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted.
Dated this 26th day of January, 2015.
/1h rr
Mayor Peters n
Katie Bruno, Council Secretary / City Clerk