HomeMy WebLinkAboutResolution No. 2014-059 Sale of Public Project Revenue Bonds, Series 2014A o�NA.
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Resolution No. 2014-59
Resolution Providing for the Sale of
$16,360,000 Public Project Revenue Bonds, Series 2014
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 $16,360,000 Public Project Revenue Bonds, Series 2014
(the "Bonds"),to finance various recreational improvement projects 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.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 on June 17, 2014, 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 employees of the City are hereby
authorized to cooperate with Ehlers and participate in the prepar tion of an official statement for the
Bonds and to execute and deliver it on behalf of the City u o its ompletion.
Approved this 20th day of May, 2014.
Attest:
Debra A. Mange , Cit erk James B. Hov ,
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 20, 2014 and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 920
City Clerk
CITY OF EDINA
4801 West 50th Street.Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 •Fax 952-826-0390