2001-070 CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2001-70
RESOLUTION PROVIDING FOR THE SALE OF
$3,755,000 GENERAL OBLIGATION REFUNDING BONDS, SERIES 2001
WHEREAS, the City Council of the City of Hopkins, Minnesota has determined that it is
necessary and desirable to issue the City's $3,755,000 General Obligation Refunding Bonds,
Series 2001 (the "Bonds"), to finance the refunding of G.O. Special Assessment Bonds 1992,
G.O. Storm Sewer Refunding Bonds 1993B and G.O. Park & Recreation Facility Bonds, 1993D;
and
WHEREAS, the City has designated Evensen Dodge, in Minneapolis, Minnesota as its
independent financial advisor and is therefore authorized to solicit proposals in accordance with
Minnesota Statutes, Section 475.60, Suddivision 2(9);
NOW, THEREFORE, BE IT RESOLVED by the City Council of Hopkins, Minnesota, as
follows:
Authorization; Findings. The City Council hereby authorizes Evensen Dodge to solicit
· proposals for the sale of the Bonds.
Meeting; Proposal Opening. The City Council shall meet at the time and place specified
in the Terms of Proposal for the purpose of considering sealed proposals for, and
awarding the sale of the Bonds. The City Clerk, or designee, shall open proposals at the
time and place specified in such Terms of Proposal.
Terms of Proposal. The terms and conditions of the Bonds and the Sale thereof are fully
set forth in the Bond Sale Report and are hereby approved and made a part hereof..
Official Statement. In connection with said sale, the officers or employees of the City are
hereby authorized to cooperate with Evensen Dodge 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.
Adopted by the City Council of the City of Hopkins held this 2nd day of October, 2001.
r_,,- ~,- Eugene Maxwell, Mayor
P"~erry Ob~ai~r, ~itfClerk