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Resolution No. <br /> `-' Council Member introduced the following resolution and moved its <br /> adoption: <br /> Resolution Providing for the Sale of <br /> $ G.O.Improvement Bonds,Series 2004A <br /> A. WHEREAS,the City Council of the City of Pequot Lakes, Minnesota, has heretofore <br /> determined that it is necessary and expedient to issue the City's $ Improvement <br /> Bonds, Series 2004A(the "Bonds"),to finance certain improvement projects in the City; and <br /> B. WHEREAS,the City has retained Ehlers&Associates,Inc., in Roseville, Minnesota <br /> ("Ehlers"),as its independent financial advisor for the Bonds and is therefore authorized to <br /> solicit proposals in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of Pequot Lakes, Minnesota, as <br /> follows: <br /> 1. Authorization, Findings. The City Council hereby authorizes Ehlers to solicit proposals for <br /> the sale of the Bonds. <br /> 2. Meeting, Proposal Opening. The City Council shall meet at on October , <br /> 2004, for the purpose of considering sealed proposals for and awarding the sale of the Bonds. <br /> 3. Official Statement. In connection with said sale,the officers or employees of the City are <br /> hereby authorized to cooperate with Ehlers and participate in the preparation of an official <br /> statement for the Bonds and to execute and deliver it on behalf of the City upon its <br /> completion. <br /> The motion for the adoption of the foregoing resolution was duly seconded by Council Member <br /> and, after full discussion thereof and upon a vote being taken <br /> thereon,the following Council Members voted in favor thereof: <br /> and the following voted against the same: <br /> Whereupon said resolution was declared duly passed and adopted. <br /> Dated this day of , <br /> City Clerk <br />