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RESOLUTION NO. <br />12-020 <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br />Resolution Providing for the Sale of $1,065,000 Taxable General <br />Obligation Tax Increment Refunding Bonds, Series 2012B <br />WHEREAS, the City Council of the City of New Brighton, Minnesota, has heretofore <br />determined that it is necessary and expedient to issue the City's $1,065,000 Taxable <br />General Obligation Tax Increment Refunding Bonds, Series 2012B (the "Bonds"), to <br />advance refund the outstanding Taxable General Obligation Tax Increment Bonds, <br />Series 2004B, maturities due 2014 to 2020; and <br />WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota <br />("Ehlers"), as its independent financial advisor for the Bonds and is therefore <br />authorized to solicit proposals in accordance with Minnesota Statutes, Section 475.60, <br />Subdivision 2(9); <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of New <br />Brighton, Minnesota, as follows: <br />1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit <br />proposals for the sale of the Bonds. <br />2. Meeting; Proposal Opening. The City Council shall meet at 6:30 p.m. on March <br />27, 2012, for the purpose of considering sealed proposals for and awarding the <br />sale of the Bonds. <br />3. Official Statement. In connection with said sale, the officers or employees of <br />the City are hereby authorized to cooperate with Ehlers and participate in the <br />preparation of an official statement for the Bonds and to execute and deliver it <br />on behalf of the City upon its completion. <br />