HomeMy WebLinkAboutResolution No. 2000-058 Bond Series 2000A tNA, RESOLUTION NO 2000-58
49�\lam RESOLUTION PROVIDING FOR THE SALE OF
o e $2,640,000 G.O.TAX INCREMENT BONDS,SERIES 2000A
a� $2,550,000 TAXABLE G.O. TEMPORARY TAX INCREMENT BONDS, SERIES 2000B
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City of Edina
WHEREAS, the City Council of the City of Edina, Minnesota, has heretofore determined that it is
necessary and expedient to issue the City's $2,640,000 G.O. Tax Increment Bonds, Series 2000A (the "Series
2000A Bonds")to finance the public costs associated with the Grandview Square Redevelopment Project and to
issue the City's $2,550,000 Taxable G.O. Tax Increment Bonds, Series 2000B (the "Series 2000B Bonds") to
refinance the G.O. Tax Increment Bonds, Series 199713; and
WHEREAS, the City has designated Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as
its independent financial advisor 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 City of Edina,Minnesota,as follows:
1. Authorization: Findings. The City Council hereby authorizes Ehlers to solicit proposals for the sale of
the Series 2000A Bonds and the Series 2000B Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at the time and place to be specified in the
Terms of Proposal for the purpose of considering sealed proposals for, and awarding the sale of the
Series 2000A Bonds and the Series 2000B Bonds. The City Manager, or designee, shall open proposals
at the time and place to be specified in such Terms of Proposal for each issue.
3. Terms of Proposal. The terms and conditions for the Series 2000A Bonds and the Series 2000B Bonds
and the sale thereof are fully set forth in the Bond Sale Report and are hereby approved and made a part
hereof.
4. 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
Series 2000A Bonds and the Series 2000B Bonds and to execute and deliver it on behalf of the City
upon its completion.
Passed this 6th day of June,2000.
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Attest:
Debra A. Mangers,City C3 k Dennis F. Maetzold,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 is a true and correct copy of the Resolution duly adopted by
the Edina City Council at its regular meeting of June 6, 2000, and as recorded in the Minutes of said
regular meeting.
WITNESS,my hand and seal of said City this,day of 20_.
Debra A. Mangen,City Clerk
City Hall (952) 927-8861
4801 WEST 50TH STREET FAX(952)826-0390
EDINA,MINNESOTA 55424-1394 TDD(952)826-0379