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RESOLUTION NO 10-074 City of New Brighton County of Ramsey State of Minnesota Resolution Providing for the Sale of $2,170,000 General Obligation Bonds, Series 2010C Member Phillips introduced the following resolution and moved its adoption: WHEREAS, the City Council of the City of New Brighton, Minnesota, has heretofore ,rmined that it is necessary and expedient to issue the City's $2,170,000 General Obligation ids, Series 2010C (the "Bonds"), to fund street reconstruction in the City and to refinance G.O. Tax Increment Bonds, Series 2001B and the G.O. Improvement and Water Revenue ids, Series 2003A, for interest savings; % I WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota (" hlers"), as its independent financial advisor for the Bonds and is therefore authorized to skit proposals in accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9); , THEREFORE, BE IT RESOLVED by the City Council of the City of New Brighton, 1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals Mil the sale of the Bonds. Meeting; Proposal Opening. The City Council shall meet at 6:30 P.M. on January 11, 1, for the purpose of considering sealed proposals for and awarding the sale of the Bonds. Official Statement. In connection with said sale, the officers or employees of the City are y authorized to cooperate with Ehlers and participate in the preparation of an official vent for the Bonds and to execute and deliver it on behalf of the City upon its completion, motion for the adoption of the foregoing resolution was duly seconded by Council fiber Samuelson and, after full discussion thereof and upon a vote being taken thereon, the wing Council Members voted in favor thereof: tor Jacobsen, Councilmembers Bauman, Burg, Phillips and Samuelson the following voted against the same: None