HomeMy WebLinkAboutResolution No. 2005-041 GO Bonds/Park & Rec Refunding Bonds -- Series 2006A 4,9IN�, I'U
RESOLUTION NO. 2005-41
sY 0
• oxeonPtiwv
RESOLUTION PROVIDING FOR THE SALE OF City Of Edina
$5,485,000 GENERAL OBLIGATION
PARK AND RECREATION REFUNDING BONDS
SERIES 2005A
WHEREAS, the City Council of the City of Edina, Minnesota,has heretofore determined that it
is necessary and expedient to issue the City's $5,485,000 General Obligation Park and Recreation
Refunding Bonds, Series 2005A (the "Bonds") to refund in advance of the 2/1/2006 call date, the
$8,090,000 G.O. Park and Recreation Bonds, Series 1996B; and
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 475.60, Subdivision 2(9);
NOW THEREFORE, BE IT RESOLVED by the City Council of Edina, Minnesota, as follows:
Authorization: Findings. The City Council hereby authorizes Ehlers to solicit proposals for the
sale of the Bonds.
• Meeting: Proposal Openin&The City Council shall meet at 7:00 P.M. on June 21, 2005, for the
purpose of considering sealed proposals for and awarding the sale of the Bonds.
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 CLnpletion.
Whereupon said resolution was declared duly pass 7th day of June, 2005.
ATTEST:
City Cle-rk 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 June 7, 2005, 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