HomeMy WebLinkAboutResolution No. 2013-053 Calling Public Hearing On Intention To Issue General Obligation Capital Improvement Plan Bonds & Amend The Capital Improvement Plan EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF EDINA, MINNESOTA
HELD: June 18, 2013
Pursuant to due call and notice thereof, a regular or special meeting of the City Council
of City of Edina, Minnesota, was duly called and held at the City Hall in the City of Edina,
Minnesota on Tuesday the 18th day of June, 2013 at7:00 p.m. for the purpose, in part, of calling a
public hearing on the intention to issue general obligation capital improvement plan bonds and
the proposal to amend the capital improvement plan therefor.
The following members were present: Bennett, Brindle, Sprague, Swenson, and Mayor
Hovland
And the following were absent: None
Member Sprague introduced the following resolution and moved its adoption:
RESOLUTION 2013-53 CALLING PUBLIC HEARING ON
THE INTENTION TO ISSUE GENERAL OBLIGATION CAPITAL
IMPROVEMENT PLAN BONDS AND THE PROPOSAL TO
AMEND THE CAPITAL IMPROVEMENT PLAN UNDER MINNESOTA STATUTES,
SECTION 475.521
A. WHEREAS,pursuant to Minnesota Statutes, Section 475.521 the City of Edina,
Minnesota(the"City") may issue bonds to finance capital expenditures under its capital
improvement plan(the"Plan")without an election provided that, among other things, prior to
issuing the bonds the City adopts the Plan after a public hearing thereon and publishes a notice of
its intention to issue the bonds and the date and time of a hearing to obtain public comment on
the matter; and
B. WHEREAS, the City Council will hold a public hearing on its intention to
Issue general obligation capital improvement plan bonds (the "Bonds") to refinance the
outstanding portion of the Housing and Redevelopment Authority's $6,125,000 Public Project
Revenue Bonds, Series 2009B, originally issued to finance the Public Works facility and to adopt
an amendment to the Plan therefor pursuant thereto on August 5,2013; and
NOW, THEREFOR, BE IT RESOLVED by the City Council of the City of Edina,
Minnesota,that the City Council hereby calls for a public hearing on its intent to issue the Bonds
and to amend the Plan therefor, such hearing to be held on the date time set forth in Exhibit
A attached hereto. The City Council is hereby directed to cause the n tice to be published at
least 14 but not more than 28 days before the hearing in the offi 'a ne spaper of the City or a
newspaper of general circulation in the City.
Adopted this 18`h day of June, 2013.
Mayor
Attest: &" I A��
City Clerk
The motion for the adoption of the foregoing resolution was duly seconded by member
Bennett and, after full discussion thereof and upon a vote being taken thereon,the following
voted in favor thereof. Bennett, Brindle, Sprague, Swenson,and Mayor Hovland
and the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted.
STATE OF MINNESOTA
COUNTY OF HENNEPIN
CITY OFEDINA
I,the undersigned, being duly qualified and acting Clerk of the City of Edina, Minnesota,
DO HEREBY CERTIFY that I have compared the attached and foregoing extract of minutes
with the original thereof on file in my office, and that the same is a full,true and complete
transcript of the minutes of a meeting of the City Council of said City, on June 18, 2013, duly
called and held on the date therein indicated, insofar as such minutes relate to the City Council
calling a public hearing on the intension to issue general obligation capital improvement plan
bonds and proposal to adopt a capital improvement plan therefor.
WITNESS my hand on this I� ' "tiay of , 203
City Clerk