HomeMy WebLinkAbout2017-40CITY OF COLUMBIA HEIGHTS, MINNESOTA
RESOLUTION NO 2017 -40
Council Member Murzyn, Jr. introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$3,375,000 General Obligation Refunding Bonds, Series 2017A
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 $3,375,000 General Obligation Refunding Bonds,
Series 2017A (the "Bonds "), to effect a current refunding of the Public Facility Lease Revenue
Bonds, Series 200713; and
B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ( "Ehlers "), as its
independent municipal advisor for the Bonds 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:
I . Authorization; Findings. The City Council hereby authorizes Ehlers to assist the City for the sale of
the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on June 12, 2017, for the
purpose of considering 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
Buesgens and, after full discussion thereof and upon a vote being taken thereon, the following City
Council Members voted in favor thereof: Schmitt, Murzyn, Jr., Buesgens, Williams and Novitsky
and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Dated this 24`x' day of April, 2017.
Mayor
City Clerk