2003-045
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 03-045
RESOLUTION PROVIDING FOR THE SALE OF
$1,624,000 GENERAL OBLIGATION STORM SEWER REVENUE BONDS, SERIES 2003A
WHEREAS, the City Council of the City of Hopkins, Minnesota has determined that it is necessary and
desirable to issue the City's $1,650,000 General Obligation Storm Sewer Revenue Bonds, Series 2003A;
to be described in the Bond Sale Report dated May 20, 2003; 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, Minnesota, as follows:
1. Authorization; 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 to be dated May 20, 2003.
4. Official Statement. In connection with said sale, the officers or employees ofthe 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 May, 2003.
~~