HomeMy WebLinkAboutResolution No. 2017-046 Bond Sale Series 2017B e
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Resolution No. 2017-46
Resolution Providing for the Sale of
$9,680,000 General Obligation Bonds, Series 2017A, and
$8,245,000 General Obligation Recreational Revenue Bonds, Series 20178
A. WHEREAS,the City Council of the City of Edina, Minnesota has heretofore determined that it is necessary
and expedient to issue the City's $9,680,000 General Obligation Bonds, Series 2017A and $8,245,000
General Obligation Recreational Revenue Bonds, Series 2017B (the "Bonds"), to finance various street,
water, sanitary sewer and storm sewer infrastructure improvement projects, and golf course and aquatic
facility recreation projects; and
B. WHEREAS,the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota("Ehlers"), as its
independent municipal advisor for the Bonds 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 assist the City for the sale of the
Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on June 6, 2017, for the purpose of
considering 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 ficial statement for the Bonds and to
execute and deliver it on behalf of the City upon its completion.
Approved this 2nd day of May, 2017. I
Attest:
Debra A. Mangen, bty C rk - ames 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 May 2, 2017 and
as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 20_
CITY OF EDINA City Clerk
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 • Fax 952-826-0389