Resolution - 22-12: Approval for Sale of General Obligation Bonds CITY OF SPRING PARK
SPRING PARK, MINNESOTA
RESOLUTION #22-12
RESOLUTION PROVIDING FOR THE SALE OF $2,120,000 GENERAL
OBLIGATIONS BONDS, SERIES 2022A
A. WHEREAS, the City Council of the City of Spring Park, Minnesota has heretofore
determined that it is necessary and expedient to issue the City's $2,120,000 General
Obligation Bonds, Series 2022A (the "Bonds"), to finance municipal utility, associated
roadway, and electrical system improvements in the City; and
B. WHEREAS, the City has retained Ehlers &Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent municipal advisor for the Bonds in accordance with
Minnesota Statutes, Section 475.60, Subdivision 2(9);
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Spring Park,
Minnesota, as follows:
1. Authorization; Findings. The City Council hereby authorizes Ehlers to assist the City for
the sale of the Bonds.
2. Meeting:Proposal Opening. The City Council shall meet at 7:00 PM on June 6, 2022,
for the purpose of considering proposals for and awarding the sale of the Bonds.
3. Official Statement. In connection with said sale, the officers or employees of the City are
hereby authorized to cooperate with Ehlers and participate in the preparation of an
official statement for the Bonds and to execute and deliver it on behalf of the City upon
its completion.
ADOPTED by the City Council of the City of Spring Park this 2nd day of May 2022.
CITY OF ING PARK
Ap ove
erome P. Rockvam, Mayor
Attest:
JLTLe-N,erffrnan, City Clerk