HomeMy WebLinkAboutResolution No. 2021-38 General Bond Sale
Resolution No. 2021-38
Providing for the Sale of $14,505,000 General Obligation Bonds, Series 2021A
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 $14,505,000 General Obligation Bonds, Series 2021A (the “Bonds”) to
provide financing for a portion of the costs associated with various 2021 street and utility improvement projects
and public improvements supporting the Grandview 2 Redevelopment Tax Increment Financing District; 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 June 1, 2021, 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 participate, in cooperation with Ehlers, in the preparation of an official statement for the
Bonds and to execute and deliver it on behalf of the City upon its completion.
Passed and adopted this 4th day of May 2021.
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 May 4, 2021 and as
recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this ______ day of __________, 20___.
_______________________________
City Clerk