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<br /> <br />e <br /> <br />provisions of Minnesota statutes, Chapters 469 and 475, <br />to provide financing for the Improvements. <br /> <br />(c) The City has retained Springsted Incorporated, <br />in saint Paul, Minnesota, as its independent financial <br />advisor for the Bonds and is therefore authorized to sell <br />the Bonds by a competitive negotiated sale in accordance <br />with Minnesota statutes, section 475.60, Subdivision <br />2 (9) . <br /> <br />2. The terms and conditions of the Bonds and the sale thereof <br />are fully set forth in the "Terms of Proposal" attached hereto as <br />Exhibit A, and the Council shall meet at the time and place <br />specified therein for the purposes of considering the bids for the <br />purchase of the Bonds and considering the award of the sale of the <br />Bonds. <br /> <br />Adopted on June 20, 1994, by the Elk River City council. <br /> <br />The motion for the adoption of the foregoing resolution was <br />duly seconded by Councilmember Holmgren and upon a vote being <br />taken thereon, the following voted in favor thereof: <br /> <br />Mayor Duitsman; Councilmembers Dietz, Scheel, Farber, and Holmgren <br /> <br />tt and the following voted against the same: <br /> <br />Whereupon said resolution was declared duly passed and <br />adopted. <br /> <br />tt <br /> <br />266233.1 <br />