2018-025 Providing for the Sale of $6,645,000 General Obligation Bonds, Series 2018A Resolution No. 2018-025
Council Member Campbell introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$6,645,000 General Obligation Bonds, Series 2018A
A. WHEREAS, the City Council of the City of Hopkins, Minnesota has heretofore determined that it is
necessary and expedient to issue the City's $6,645,000 General Obligation Bonds, Series 2018A (the
"Bonds"), to finance the City's portion of Blake Road reconstruction, the City's 2018 road
reconstruction projects and purchase of equipment in the City; and
B. 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 Hopkins, 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 April 17,2018,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.
The motion for the adoption of the foregoing resolution was duly seconded by City Council Member
Ku zn i a and, after full discussion thereof and upon a vote being taken thereon, the
following City Council Members voted in favor thereof:
and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Dated this 20th day of March, 2018.
I
Amy Domeier, City Clerk