HomeMy WebLinkAboutResolution No. 2010-019 Resolution Calling Public Hearing on the Intention to Issue General Obligation Capital Improvement Plan Bonds and the Proposal to Adopt a Capital Improvment Plan for 2010 through 2014 Under Minnesota Statutes, Section 475.5210
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RESOLUTION 2010-19
RESOLUTION CALLING PUBLIC HEARING ON
THE INTENTION TO ISSUE GENERAL OBLIGATION CAPITAL
IMPROVEMENT PLAN BONDS AND THE PROPOSAL TO
ADOPT A CAPITAL IMPROVEMENT PLAN FOR 2010 THROUGH 2014
UNDER MINNESOTA STATUTES, SECTION 475.521
City of Edina
A. WHEREAS, pursuant to Minnesota Statutes, Section 475.521 the City of Edina,
Minnesota (the "City") may issue bonds to finance capital expenditures under its capital improvement
plan (the "Plan") without an election provided that, among other things, prior to issuing the bonds the
City adopts the Plan after a public hearing thereon and publishes a notice of its intention to issue the
bonds and the date and time of a hearing to obtain public comment on the matter; and
B. WHEREAS, the City Council will hold a public hearing on its intention to
Issue general obligation capital improvement plan bonds (the "Bonds") to refinance the outstanding
portion of the Housing and Redevelopment Authority's $12,410,000 Public Project Revenue Bonds,
Series 2002, originally issued to finance the City Hall and Public Safety Facility and to adopt the Plan
therefor pursuant thereto on February 16, 2010; and
NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of Edina, Minnesota,
that the City Council hereby calls for a public hearing on its intent to issue the Bonds and to adopt the
Plan therefor, such hearing to be held on the date and time set forth in Exhibit A attached hereto. The
City Council is hereby directed to cause the notice to be published at least 14 but not more than 28
days before the hearing in the official newspaper of the City or a newspaper of general circulation in
the City. k
Whereupon said resolution was declared duly passed and
2010.
Attest:
Debra A. Mangen, Cit�LClerk
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA )
adopt d. Dated this 19th day of January,
James B. Hovland,
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 January 19,
2010 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
4801 WEST 50TH STREET FAX 952-826-0390
EDINA, MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379