HomeMy WebLinkAboutResolution No. 2013-073 Providing For Bond Sale $8,535,00 G. O. Bonds, Series 2013A o�9e�I��
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Resolution o. 2013-73
Resolution Providing for the Sale of
$8,535,000 General Obligation Bonds, Series 2013A
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 $8,535,000 General Obligation Bonds, Series
2013A (the "Bonds"),to finance various City street reconstruction projects and to effect a
current refunding of the HRA's Taxable Public Project Revenue Bonds, Series 200913; and
B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Series 2013A 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 p.m. on September 17,
2013, 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 a ployees of the City are
hereby authorized to cooperate with Ehlers and participate in th p eparation of an official
statement for the Series 2013A Bonds and to execute and delive it n behalf of the City
upon its completion.
Approved this 3rd day of S tem er, 2013.
Attest:
Debra A. Mangen, City rk ames . 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 September 3, 2013 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