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HomeMy WebLinkAboutResolution No. 2018-045 Ordering G.O. Bond Sale 2018A Resolution No. 20184S Resolution Providing for the Sale of $5,780,000 General Obligation Bonds, Series 2018A 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 $5,780,000 General Obligation Bonds, Series 2018A (the "Bonds"), to finance various street, water, sanitary sewer and storm sewer infrastructure improvement projects; and B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent municipal advisor for the Bonds 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 assist the City for the sale of the Bonds. 2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on June 5, 2018, for the purpose of considering 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. Approved th 1,, day of May 20 Attest: -i'Ll Debra A. Mang n, Ci Clerk James B. Hovland, 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 May I, 2018 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 OF EDINA 4801 West 50th Street• Edina,Minnesota 55424 www.EdinaMN.gov•952-927-8861 • Fax 952-826-0389