Loading...
HomeMy WebLinkAboutResolution No. 2021-38 General Bond Sale Resolution No. 2021-38 Providing for the Sale of $14,505,000 General Obligation Bonds, Series 2021A WHEREAS, the City Council of the City of Edina, Minnesota has heretofore determined that it is necessary and expedient to issue the City’s estimated $14,505,000 General Obligation Bonds, Series 2021A (the “Bonds”) to provide financing for a portion of the costs associated with various 2021 street and utility improvement projects and public improvements supporting the Grandview 2 Redevelopment Tax Increment Financing District; 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. 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 1, 2021, 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 participate, in cooperation with Ehlers, 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 4th day of May 2021. 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 May 4, 2021 and as recorded in the Minutes of said Regular Meeting. WITNESS my hand and seal of said City this ______ day of __________, 20___. _______________________________ City Clerk