HomeMy WebLinkAboutResolution No. 2010-079 A Resolution Providing for the Sale of $2,696,000 General obligation Bonds, Series 2010Bc:
RESOLUTION NO. 2010-79
A RESOLUTION PROVIDING FOR THE SALE OF $2,595,000 GENERAL
OBLIGATION BONDS, SERIES 2010B
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 $2,595,000 General Obligation Bonds, Series 2010B (the
"Bonds"), to fund equipment purchases in the City and for street reconstruction projects in the City;
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 the sale of the Bonds.
3. Official Statement. In connection with said sale, the officers or
authorized to cooperate with Ehlers and participate in the prepari
Bonds and to execute and deliver it on behalf of the City upon its
is Approved this 21st day of September 2010.
n
U
Debra A. Maneeri CifV Clerk
STATE OF MINNESOTA )
COUNTY OF HENNEPIN ) SS
CITY OF EDINA )
lees of the City are hereby
an official statement for the
ames B. Hovland, Mayor
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