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RESOLUTION N0. RESOLUTION RATIFYING THE PROPOSED ISSUANCE AND SALE OF DAKOTA COMMUNICATIONS CENTER PUBLIC SAFETY REVENUE BONDS, PROVIDING FOR ALLOCATED SHARE OF THE PAYMENT THEREOF WHEREAS, pursuant to Minnesota Statutes, Section 471.59, the Cities of Apple Valley, Burnsville, Eagan, Farmington, Hastings, Inver Grove Heights, Lakeville, Mendota Heights, Rosemount, South St. Paul, and West St. Paul, and the County of Dakota, Minnesota (collectively, the "Members"), have entered into that certain Joint Powers Agreement Establishing the Dakota Communications Center (the "Agreement"); and WHEREAS, the Agreement establishes the Dakota Communications Center joint powers entity ("DCC") for the purpose of, among others, acquiring and providing the facilities, infrastructure, hardware, software, services and other items necessary and appropriate for the establishment, operation and maintenance of a joint law enforcement, fue, EMS, and other emergency communications system for the mutual benefits of the Members and the people of Dakota County; and WHEREAS, the Agreement authorizes DCC to incur debt obligations for capital projects that do not exceed 10 years as necessary to accomplish DCC purposes; and WHEREAS, the Agreement provides that the costs of capital projects of DCC in the approved capital budget will be shared by the Members pursuant to a "Cost Allocation Model" as defined in the Agreement; and WHEREAS, the Board of Directors of DCC has proposed the financing of capital equipment for authorized DCC purposes (the "Project") through the issuance of public safety revenue bonds of DCC (the "Bonds"), which Bonds will be secured by the obligation of the Members to pay their proportionate shares of capital costs pursuant to the Cost Allocation Model, and has included debt service for the Bonds in DCC's capital budget; NOW, THEREFORE, BE IT RESOLVED by the governing body of the City of Hastings, Minnesota (the City), as follows: SECTION 1. RATIFICATION OF BOND ISSUANCE. The City hereby ratifies and approves the issuance and sale of the Bonds in a total principal amount not to exceed $7,600,000 on the further terms and conditions as provided by DCC. SECTION 2. AUTHORIZATION OF PAYMENT OF ALLOCATED SHARE OF DEBT SERVICE. The City hereby authorizes payment of the City's allocated share of principal of and interest on the Bonds, calculated pursuant to the Cost Allocation Model attached hereto as Exhibit A .