HomeMy WebLinkAboutResolution No. 2020-116 Sale of General Obligation Bonds
Resolution No. 2020-116
A Resolution Providing for the Sale of $3,015,000 General Obligation
Refunding Bonds, Series 2020B
WHEREAS, the City Council of the City of Edina, Minnesota has heretofore determined that it is
necessary and expedient to issue the City’s estimated $3,015,000 General Obligation Refunding Bonds (the
“Bonds”) in one or more series to finance the current refunding of the 2022 to 2029 maturities of the City’s
General Obligation Bonds, Series 2012A for debt service savings; and
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. 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 December 15, 2020, for the purpose of
considering proposals for and awarding the sale of the Bonds.
3. Offering Document. 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 offering document for the Bonds.
Passed and adopted by the City Council on November 4, 2020.
ATTEST: ___________________________________
Sharon Allison, City 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 November 4, 2020, and as
recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of , 2020.
City Clerk