City Council Resolution 2000-02CITY OF MONTICELLO
RESOLUTION NO. 2000-2
RESOLUTION PROVIDING FOR THE SALE OF
$290159000 G.O. IMPROVEMENT BONDS, SERIES 2000A
WHEREAS, the City Council of the City of Monticello, Minnesota, has heretofore determined
that it is necessary and expedient to issue the City's $2,015,000 G.O. Improvement Bonds, Series 2000A
(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 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 the 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 Clerk, 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 execute and deliver it on behalf of the City upon its completion.
Dated: January 10, 2000
ATTEST:
Mayor City Clerk