HomeMy WebLinkAboutResolution No. 2000-077 Sale of GO Tax Bonds, Series 2000A and 2000B 1
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c,9jN�11�, RESOLUTION NO. 2000-77
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City of Edina
RESOLUTION PROVIDING FOR THE SALE OF
$2,620,000 G.O. TAX INCREMENT BONDS, SERIES 2000A
$3,565,000 TAXABLE G.O. TEMPORARY TAX INCREMENT BONDS, SERIES 2000B
WHEREAS, the City Council of the City of Edina, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $2,620,000 G.O. Tax Increment
Bonds, Series 2000A (the "Series 2000A Bonds") to finance the public costs associated with the
Grandview Square Redevelopment Project and to issue the City's $3,565,000 Taxable G.O. Tax
Increment Bonds, Series 2000B (the "Series 2000B Bonds") to refinance the G.O. Tax Increment
Bonds,Series 1997B and to finance environmental remediation; and
WHEREAS, the City has designated Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor 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 City of Edina,
Minnesota, as follows:
• 1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals
for the sale of the Series 2000A Bonds and the Series 2000B Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at the time and place to be
specified in the Terms of Proposal for the purpose of considering sealed proposals for,
and awarding the sale of the Series 2000A Bonds and the Series 2000B Bonds. The City
Manager, or designee, shall open proposals at the time and place to be specified in such
Terms of Proposal for each issue.
3. Terms of Proposal. The terms and conditions for the Series 2000A Bonds and the Series
2000B Bonds and the sale thereof are fully set forth in the Bond Sale Report and are
hereby approved and made a part hereof.
4. 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 Series 2000A Bonds and the Series 2000B Bonds and to execute
and deliver it on behalf of the City upon its completion.
Dated:Auust 1,2000
Attest ", % l ,l
• zebra A.Man en, ity Oerk Dennis F. Maetzold, Mayor
City Hall (952) 927-8861
4801 WEST 50TH STREET FAX(952)826-0390
EDINA,MINNESOTA 55424-1394 TDD(952)826-0379
RESOLUTION NO. 2000-77 - Sale of G.O. Tax Increment Bonds, Series 2000A and
Taxable G.). Temporary Tax Increment Bonds, Series 2000B
August 1, 2000
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 August 1, 2000, 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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