2000-017 CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2000-17
RESOLUTION PROVIDING FOR THE SALE OF
$2,060,000 GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 2000A
WHEREAS, the City Council of the City of Hopkins, Minnesota has determined that it is
necessary and desirable to issue the City's $2,060,000 General Obligation Water Revenue
Bonds, Series 2000A (the "Bonds"), to finance improvements to water towers, treatment
facilities and other components of the mnnicipal water system; and
WHEREAS, the City has designated Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers") 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, Mhmesota, as
follows:
1. Authohzation; 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 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.
3. 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..
4. 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.
Adopted by the City Council of the City of Hopkins held this 6th day of March, 2000.
EUgene Maxwell, Mayor
ATTEST:
c/ TerryfOb~ler, City Clerk "