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HomeMy WebLinkAboutResolution No. 2009-033 Providing for the Sale of $2,305,000 General Obligation Bonds Series 2009B Resolution No. 2009-33 A, Providing for the Sale Of $2,305,000 o� e General Obligation Bonds Series 2009B �•``URPOftr4v 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 $2,305,000 (the "2009B Bonds"), to effect a current refunding of the Series 1999 and Series 2001A Bonds; and finance various equipment purchases; 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 on April 7, 2009, 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 preparation of an official statement for the Bonds and to execute and deliver it on behalf of the City upon its completion. Adopted by the City Council of the City of Edina, Minnesot o M r 17, 2009. ATTEST: �— Debra A. Mangen, Cit 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 March/7, 2009, and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this day of 2009. • City Clerk City Hall 952-927-8861 4801 WEST 50TH STREET FAX 952-826-0390 EDINA,MINNESOTA, 55424-1394 www.cityofedina.com TTY 952-826-0379