HomeMy WebLinkAboutResolution No. 2020-45_General_Obligation_Bonds
Resolution No. 2020 - 45
Resolution Providing for the Sale of
$5,260,000 General Obligation Bonds, Series 2020A
WHEREAS, the City Council of the City of Edina, Minnesota has heretofore determined that it is necessary and
expedient to issue the City's $5,260,000 General Obligation Bonds, Series 2020A (the "Bonds"), to finance replacement
of the Supervisory Control and Data Acquisition (SCADA) system and designated 2020 roadway and utility improvement
projects; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent
municipal advisor for the Bonds 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 assist the City for the sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on June 2, 2020, for the purpose of considering
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 preparation of an official statement for the Bonds and to execute and
deliver it on behalf of the City upon its completion.
Passed and adopted this 21st day of April 2020.
Attest:
Sharon Allison, City Clerk James 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 April 21, 2020 and as recorded
in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this ______ day of __________, 20___.
_______________________________
City Clerk