HomeMy WebLinkAboutResolution No. 2000-098 Providing for Sale of GO tax Increment Bonds -- 2000C ry9jN/ , RESOLUTION NO. 2000-98
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RESOLUTION PROVIDING FOR THE SALE OF ( 1t Of Edina
$15,870,000 G.O. TAX INCREMENT REFUNDING BONDS, SERIES 20000 Y
WHEREAS, the City Council of the City of Edina, Minnesota, has heretofore determined that it
is necessary and expedient to issue the City's $15,870,000 G.O. Tax Increment Refunding Bonds, Series
2000C (the "Bonds"), to refund the outstanding maturities of the G.O. Tax Increment Refunding Bonds,
Series 199213; 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 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 Bonds. The City Clerk, or designee, shall open proposals at the time and place to be
specified in such Terms of Proposal.
3. Terms of Proposal. The terms and conditions of the 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 Bonds and to execute and deliver it on behalf of the City upon its completion.
Dated:October 3,2000
ATTEST: ! .,',.r f u k � r •t� ,_ ,
City Clerk G 1 1 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 October 3, 2000, and as recorded in the Minutes of said Regular Meeting.
0 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 TDD(952)826-0379