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HomeMy WebLinkAbout2021-48Resolution No.2021-48 Resolution Providing for the Sale of $6,000,000 Taxable General Obligation Tax tncrement Bonds, Series 2O21.A 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 56,000,000 Taxable General Obligation Tax lncrement Bonds, Series 2027A (the "Bonds"), to finance the acquisition and demolition of a shopping center slated for redevelopment in the City; and B. WHEREAS, the City has retained Ehlers & Associates, lnc., 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 lT RESOLVED by the City Counci! of the City of Columbia Heights, Minnesota, as follows: L. Authorization; Findinss. The City Council hereby authorizes Ehlers to assist the City for the sale of the Bonds. 2. Meeting: Proposal Openins. The City Council shall meet at 7:00 p.m. on July L2,2O2t, for the purpose of considering proposals for and awarding the sale of the Bonds. 3. Official Statement. ln 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. ORDER OF COUNC!L Passed this 24th day of May,2027 Offered by: Seconded by: RollCall: Murzyn, Jr Novitsky AllAyes \ Mdrquez Si Mayor Attest fkd{.ffiory,rx trf i.ot. f i n gley, City tlerkr?o u nci I Secreta ry