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<br />... <br /> <br />" <br /> <br />... <br /> <br />I <br />ii, <br /> <br />RESOLtJrION NO. 90- 53 <br /> <br />State of Minnesota <br />County of Ramsey <br />City of New Brighton <br /> <br />RESOLUTION AUrHORIZING SOLICITATION FOR FISCAL CONSULTANT <br /> <br />Whereas, the 1990 Focus plan identified financial stability as a top <br />priority for the corrm.mity; <br /> <br />Whereas, the management of debt is a key component in financial stability; <br /> <br />Whereas, debt management consists of a range of services such as: <br /> <br />strategy for the finance of public irrprovernents <br />liaison with lenders <br />I preservation of credit rating <br />restructuring of current obligaticns <br /> <br />Whereas, a fiscal consulting finn is best able tc furnish the services <br />required to support debt rranagerrent; <br /> <br />Whereas, throughout the last several years nurrerous changes have occurred in <br />the City's fiscal network and, these changes have strained fiscal services; <br /> <br />Whereas, when the errphasis .on financial stability is coupled with the strain <br />on the fiscal network, 'We find ourselves at an opportune tirre to re-examine <br />,: fiscal consulting services; <br /> <br />Now, therefore be it resolved that: <br /> <br />, <br />11 <br /> <br />1. Council does hereby authcrize staff to sclicit proposals from <br />qualified fiscal ccnsulting finns. <br /> <br />'1 <br />,1 <br />2. Staff shall prepare guidelines and receive the proposals. <br /> <br />3. Staff shall evaluate the proposals and furnish a recomrendation to the <br />Council. <br /> <br />Adopted this 2 nth <br /> <br />day of <br /> <br />.1JJnp, 1QQO <br /> <br />~ <br /> <br />-ATI'EST: <br /> <br />;' ~~ 01v" . <br /> <br />Maig~ A. Eqan <br />Finance Director/ <br />'City Clerk <br /> <br /> <br />,\ <br /> <br />\ <br />I <br />