HomeMy WebLinkAboutHRA Resolution No. 2001-05 Proving for Sale of $10,220,000 Public Project Bonds Series 2002 w9�1f� HRA RESOLUTION NO. 2001-05
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A RESOLUTION PROVIDING FOR THE SALE OF L,liy OI i,Ana
$10,220,000 PUBLIC PROJECT REVENUE BONDS, SERIES 2002
BE IT RESOLVED by the Board of Commissioners (the "Board") of the Edina Housing
and Redevelopment Authority, Minnesota(the "Authority") as follows:
1. Background
1.1 The City Council of the City of Edina, Minnesota, has heretofore determined
that it is necessary and expedient to issue the Authority's $10,220,000 Public
Project Revenue Bonds (the "Bonds") to finance a police facility and City
Hall improvements.
1.2 The Authority has the statutory authority to issue bonds to finance the Project
and to enter into a lease with the City to provide security for the Bonds.
1.3 The Authority 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).
• 2. Action
2.1 Authorization; Findings. The Authority hereby authorizes Ehlers to solicit
proposals for the sale of the Bonds.
2.2 Meeting; Proposal Opening. the board 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 Bonds. the City Clerk or designee,
shall open proposals at the time and place to be specified in such Terms of
Proposal.
2.3 Terms of Proposal. The terms and conditions of the Bonds and the sale thereof
are fully set forth in the Bond Sale Report and are hereby approved and made
a part hereof.
2.4 Official Statement. In connection with said sale, the officers or employees of
the Authority 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 Authority upon its completion.
Adopted this 20'h day of November, 2001.
ATTEST:
City Clerk Mayor
City Hall (952) 927-8861
4801 WEST 50TH STREET FAX(952)826-0390
EDINA,MINNESOTA 55424-1394 TDD(952)826-0379
. 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 120
City Clerk
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