HomeMy WebLinkAbout2017-115 CCRMember Argil Graves introduced the following resolution and
moved its adoption:
RESOLUTION NO. 2017-115
RESOLUTION APPOINTING FINANCIAL ADVISOR
WHEREAS, the City Council Code of Policies Section 2.80 requires that the
City solicit proposals for Financial Advisory Services no less frequently than every six years;
and
WHEREAS, proposals were solicited in May 2017 through a Request for
Proposal (RFP) for Financial Advisory Services approved by City Council on April 10, 2017;
and
WHEREAS, three firms responded to the RFP and were interviewed by a
committee of City Council, Financial Commission and City staff members, as required by the
City Council Code of Policies; and
WHEREAS, the interview committee recommended Springsted, Inc. as the
preferred financial advisor for services including, but not limited to, debt issue development and
oversight, continuing disclosure/arbitrage rebate management, financial planning and debt
management; and
WHEREAS, the interview committee recommended Ehlers, Inc. as the preferred
financial advisor for services including, but not limited to, economic development planning; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, that Springsted, Inc. of Saint Paul, Minnesota and Ehlers, Inc. of
Roseville, Minnesota are appointed as the City of Brooklyn Center's independent financial
advisors as of September 1, 2017.
3t 14, 2017
Date Mayor
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City Cleric
The motion for the adoption of the foregoing resolution was duly seconded by member
Kris Lawrence- Anderson
and upon vote being taken thereon, the following voted in favor thereof:
Tim Willson, Marquita Butler, April Graves,Kris Lawrence -Anderson, Dan Ryan
and the following voted against the same:
whereupon said resolution was declared duly passed and adopted.