HomeMy WebLinkAboutResolution No. 2014-060 Sale of G.O. Revenue Bonds, Series 2014B ..r
Resolution No. 2014-60
Resolution Providing for the Sale of
$5,925,000 General Obligation Utility Revenue Bonds, Series 2014A
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 $5,925,000 General Obligation Utility
Revenue Bonds, Series 2014A(the "Bonds"),to finance water and storm sewer improvement
projects 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 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 at 7:00 on June 17, 2014, 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 reparation of an official
statement for the Bonds and to execute and deliver it on behalf of#1e City upon its
completion.
Approved this 20th day of May, 2014.
Attest: 0001 -IA
Debra A. gen Ci lerk ames 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 May 20, 2014 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 OF EDINA
4801 West 50th Street•Edina,Minnesota 55424
www.EdinaMN.gov•952-927-8861 .Fax 952-826-0390