HomeMy WebLinkAboutResolution No. 2023-34 Providing for the Sale of up to 12 M G. O. Bonds
Resolution No. 2023-34
Resolution Providing for the Sale of up to $12,000,000 General Obligation Bonds, Series 2023A
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 $12,000,000 General Obligation Bonds, Series 2023A
(the “Bonds”) to provide financing for costs associated with the assessed portions of the City’s 2023 street
reconstruction projects, as well as various utility system improvement projects in the City; 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 20, 2023, 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.
Dated: May 16, 2023
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 16, 2023, and
as recorded in the Minutes of said Regular Meeting.
WITNESS my hand and seal of said City this _______ day of ___________________, 2023.
City Clerk