HomeMy WebLinkAboutResolution No. 2010-078 A Resolution Providing for the Sale of $9,225,00 General Obligation Capital Improvement Plan Bonds, Series 2010A4,91N�1j�
RESOLUTION NO. 2010-78
A RESOLUTION PROVIDING FOR THE SALE OF $9,225,000 GENERAL
OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2010A
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City of Edina
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 $9,225,000 General Obligation Capital
Improvement Plan Bonds, Series 2010A (the "Bonds"), to refinance Housing and
Redevelopment Authority's remaining Public Project Revenue Bonds, Series 2002, for interest
savings;
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:
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 P.M. on October 19, 2010,
for the purpose of considering sealed proposals for and awarding he sale of the Bonds.
is 3. Official Statement. In connection with said sale, the officers or ployees of the City are
hereby authorized to cooperate with Ehlers and participate i e reparation of an official
statement for the Bonds and to execute and deliver it on behalf�f he ity upon its completion.
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Approved this 21st day of September 2010.
Debra A. Mann, Oily Clerk James B. Hovl d or
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 , 20_.
City Hall
4801 WEST 50TH STREET
EDINA, MINNESOTA, 55424-1394
www.cityofedina.com
City Clerk
952-927-8861
FAX 952-826-0390
TTY 952-826-0379