HomeMy WebLinkAboutResolution No. 2012-131 Providing for Sale of $14,030,000 G. O. Bonds o @ RESOLUTION NO. 2012-131
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=: may° RESOLUTION PROVIDING FOR THE SALE OF $11,935,000
GENERAL OBLIGATION BONDS, SERIES 2012A
C1t� f Edina
A. WHEREAS, the City Council of the City of Edina, Minnesota,has heretofore determined at
it is necessary and expedient to issue the City's $11,935,000 General Obligation Bonds,
Series 2012A (the "Bonds"), to finance various utility and improvement projects and to
refund Series 2007C G.O. PIR Bonds in the City; and
B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Bonds 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 Edina, 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 7:00 P.M. on October 16, 2012,
for the purpose of considering sealed 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 onlbehalf of the City upon its
completion.
Approved this 2th day of October, 2012.
Attest:
J Debra A. Mangen, 'ty C James B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
I, the undersigned duly appointed and acting City Clerk for the City of Edina do hereby certify
that the attached and foregoing Resolution was duly adopted by the Edina City Council at its
Regular Meeting of and as recorded in the Minutes of
said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20
City Clerk
City Hall 952-927-8861
FAX 952-826-0390
4801 WEST 50TH STREET
EDINA,MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379