HomeMy WebLinkAboutResolution No. 2007-048 Calling Bond Sale Series 2007C $5,970,000 Perm Imp Rev Fund w91%A, r�
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RESOLUTION NO. 2007-48
City of Edina
RESOLUTION PROVIDING FOR THE SALE OF
$5,970,000 G.O.PERMANENT IMPROVEMENT REVOLVING FUND BONDS,
SERIES 2007C
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 $5,970,000 General Obligation Permanent Improvement
Revolving Fund Bonds, Series 2007C (the "Bonds"), to finance various public improvements in the
City; 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 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 at 7:00 p.m. on May 1, 2007, 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 compl io .
Whereupon said resolution was declared duly passed and adopted. Date is ay of April, 2007.
0/ATTEST: L _
City Clerk 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
April 3,2007,and as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this day of 20_.
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