HomeMy WebLinkAboutResolution No. 2005-044 GO Taxable Tax Increment Refunding Series 2005C o� RESOLUTION NO. 2005-44
RESOLUTION PROVIDING FOR THE SALE OF City Of Edifla.
$6,290,000 TAXABLE GENERAL OBLIGATION
TAX INCREMENT REFUNDING BONDS
SERIES 2005C
WHEREAS, the City Council of the City of Edina, Minnesota, has heretofore determined that it is
necessary and expedient to issue the City's $6,290,000 Taxable General Obligation Tax Increment
Refunding Bonds, Series 2005C (the "Bonds") to currently refund the remaining principal of the
$11,250,000 Taxable G.O. Tax Increment Bonds, Series 1996A;and
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 475.60, Subdivision 2(9);
NOW THEREFORE, BE IT RESOLVED by the City Council of Edina,Minnesota, as follows:
Authorization: Findings. The City Council hereby authorizes Ehlers to solicit proposals for the
sale of the Bonds.
Meeting: Proposal Opening, The City Council shall meet at 7:00 P.M. on June 21, 2005, for the
purpose of considering sealed proposals for and awarding the sale of the Bonds.
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 co pletion.
Whereupon said resolution was declare:1.
pt d this 7th day of June, 2005.
ATTEST: \ �I I K-q
City Clerk Mayor
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE OF CITY CLERK
1, 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 June 7, 2005, 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