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Bond Sale Report <br /> <br />Resolution No. Ol <br /> <br />Resolution Providing for the Sale of <br />$1,740,000 G.O. Tax Increment Bonds, Series 2000A <br />$1,275,000 G.O. Permanent Improvement Revolving Fund Bonds, Series 2000B <br />$900,000 G.O. Improvement Refunding Bonds, Series 2000C <br />$515,000 Taxable G.O. Tax Increment Refunding Bonds, Series 2000D <br /> <br /> WHEREAS, the City Council of the City of Elk River, Minnesota, determines that it is necessary <br />and expedient to issue the City's $1,740,000 G.O. Tax Increment Bonds, Series 2000A to finance a portion <br />of the East Elk River Improvement Project; and <br /> <br /> WHEREAS, the City Council determines that it is necessary and expedient to issue the City's <br />$1,275,000 G.O. Permanent Improvement Revolving Fund Bonds, Series 2000B to finance a portion of the <br />Western Area Improvement Project Phase IV; and <br /> <br /> WHEREAS, the City Council determines that it is necessary and expedient to issue the City's <br />$900,000 G.O. Improvement Refunding Bonds, Series 2000C to refund the outstanding maturities of the <br />G.O. Improvement Bonds, Series 1992B; and <br /> <br /> WHEREAS, the City Council determines that it is necessary and expedient to issue the City's <br />$515,000 Taxable G.O. Tax Increment Refunding Bonds, Series 2000D to refund the outstanding <br />maturities of the Taxable G.O. Tax Increment Bonds, Series 1989B and the Taxable G.O. Tax Increment <br />Bonds, Series 1990A; and <br /> <br /> WHEREAS, the City has designated Ehlers & Associates, Inc., in Roseville, Minnesota CEhlers"), <br />as its independent financial advisor and is therefore authorized to solicit proposals in accordance with <br />Minnesota Statutes, Section 475.60, Subdivision 2(9); <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of City of Elk River, Minnesota, as <br />follows: <br /> <br />1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for the <br />sale of the Bonds. <br /> <br />2. Meeting; Proposal Opening. The City Council shall meet at the time and place to be specified in <br />the Terms of Proposal for the purpose of considering sealed proposals for, and awarding the sale of the <br />Bonds. The City Clerk, or designee, shall open proposals at the time and place to be specified in such <br />Terms of Proposal. <br /> <br />3. Terms of Proposal. The terms and conditions of the Bonds and the sale thereof are fully set forth <br />in the Bond Sale Report and are hereby approved and made a part hereof. <br /> <br />17 <br /> <br /> <br />