2003-029
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 03-029
RESOLUTION PROVIDING FOR THE SALE OF
$3,500,000 HRA PUBLIC FACILITY LEASE REVENUE BONDS
WHEREAS, the City Council of the City of Hopkins, Minnesota has determined that it is necessary and
desirable to issue $3,500,000 ofHRA Public Facility Lease Revenue Bonds, (Police and Fire Station
Facility Remodel), (the "Bonds"), to finance the remodeling of the current fire and police stations in
the City; and
WHEREAS, the City has retained 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, Minnesota, as follows:
1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals at a
future date for the sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet in the future, to be determined at a
later date, 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. 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 18th day of March, 2003.
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g~aXWell, Mayor
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