HomeMy WebLinkAboutResolution No. 2009-032 Providing for the Sale of $14,000,000 General Obligation Bonds Series 2009A A, Resolution No. 2009-32
o Providing For The Sale Of
(n $14,000,000 General Obligation Bonds
ay Series 2009A
�flORa�
City of Edina
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 $14,000,000 (the "2009A Bonds"), to fund
the acquisition and a portion of the rehabilitation of a building to be used as a new public
works facility; 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 on April 7, 2009, 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 on behalf of the City upon its
completion.
Adopted by the City Council of the City of Edina, Minnesota (o rc 7, 2009.
ATTEST:
Debra A. Mangen, City Clerk James B. Hovland, Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
1, 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 March 3, 2009, and as
recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 12009.
• 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