City Council Resolution 2002-66ACITY OF MONTICELLO
RESOLUTION NO. 2002-66A
RESOLUTION PROVIDING FOR THE SALE OF
$2,590,000 G.O. IMPROVEMENT BONDS
WHEREAS, the City Council of the City of Monticello, Minnesota, has heretofore determined that it is
necessary and expedient to issue the City's $2,590,000 G.O. Improvement Bonds (the "Bonds") to finance
public improvements to be undertaken by the City; and
WHEREAS, the City has designated Ehlers & Associates, Inc, in Roseville, Minnesota ("Ehlers"), as its
independent financial advisor and is therefore authorized to solicit proposals in accordance with Minnesota
Statutes, Section 475.60, Subdivision 2(9);
NOW THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of Monticello,
Minnesota as follows:
1. Authorization: Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale
of bonds.
2. Meeting: Proposal Opening, The City Council shall meet at the time and place to be specified in the
Terms of Proposal for the purpose of considering sealed proposals for, and awarding the sale of the
Bonds. The City Administrator, or designee, shall open proposals at the time and place to be
specified in such Terms of Proposal.
3. Terms of Proposal. The terms and conditions of the Bonds and the sale thereof are fully set forth in
the Bond Sale Report and are hereby approved and made a part hereof.
4. 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 executed and deliver it on behalf of the City upon its completion.
Adopted by the Monticello City Council this 14" day of October, 2002.
ATTEST:
Rick Wolfsteller, City Administrator
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Roger elsaas, Mayor