HomeMy WebLinkAboutResolution No. 2009-086 Providing for the Sale of $2,440,000 General Obligation Recreational Facility Bonds, Series 2009C 491N��j�
o� e Resolution No. 2009-86
oResolution Providing for the Sale of
• °.,`,oReB�E�:a $2,440,000 General Obligation Recreational Facility Bonds, Series 2009C
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 $2,440,000 General Obligation Recreational Facility
Bonds, Series 2009C (the "Bonds"), to finance replacement of an ice sheet and related ice-generating
equipment 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 as either taxable or tax-exempt bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 pm on November 2, 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 emplo ees of the City are hereby
authorized to cooperate with Ehlers and participate in the preparation of official statement for the
Bonds and to execute and deliver it on behalf of the City upon its co&hiay
Whereupon said resolution was declared duly pass=adopted. dober, 2009.
Attest:
Debra A. Mangen, i Clerk James B.H land,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
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