2008-059
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
CITY COUNCIL RESOLUTION NO. 2008-059
Member /~a file r9Jrl
introduced the following resolution and moved its adoption:
RESOLUTION APPROVING AND AUTHORIZING
THE EXECUTION OF A GOVERNMENTAL LEASE-PURCHASE
AGREEMENT AND SUPPLEMENTS THERETO
AND RELATED DOCUMENTS AND CERTIFICATES
BE IT RESOLVED by the City Council of the City of Hopkins, State of Minnesota, as follows:
1.) The Governmental Lease-Purchase Agreement (the "Agreement") and the Supplement(s) and
Exhibits(s) thereto (collectively the "Agreement") are hereby approved and the Supplement and Exhibits thereto
are hereby approved substantially in the form presented to this Council and on file in the office of the Clerk.
2.) The Mayor and City Manager of the City are hereby authorized to execute the Agreements and any
related documents thereto on behalf of the City, and to execute such other certificates and documents as may be
necessary and appropriate to effectuate the transactions contemplated by the Agreements and said related
documents. The Agreements and the related documents may contain such necessary and appropriate variations,
omissions and insertions as the Mayor and City Manager shall determine to be necessary, and the execution
thereof by the Mayor and City Manager shall be conclusive evidence of such determination and its approval by
the Board.
3.) Lessee reasonably anticipates that it will not issue tax-exempt obligations (not including "private activity
bonds" as defined in Section 141 of the Internal Revenue Code of 1986, as amended) in an aggregate amount in
excess of $10 million during the calendar year in which the Lease commences. The lease is designated as a
qualified tax-exempt obligation for purposes of Section 265(b)( c) of the Internal Revenue Code of 1986, as
amended, relating to deductibility of interest by financial institutions.
,/} The motion for the adoption of the foregoing resolution was duly seconded by Member
~O WGlV1 and upon roll call vote the following voted in favor thereof
and the following voted against the same:
ADOPTED this 21st day of October, 2008.
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ATTEST:
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STATE OF MINNESOTA )
)SS
COUNTY OF HENNEPIN )
I, the undersigned, being the fully qualified and acting Clerk of City of Hopkins, State of Minnesota, do
hereby certify that I have carefully compared the attached and foregoing extract of minutes of a meeting of the
Board held on the ~ day of October , 2008, with the original thereof on file in my office, and the same is a
full, true and complete transcript insofar as the same relates to the adoption of a resolution approving and
authorizing the execution of a governmental lease-purchase agreement and supplements thereto and related
documents and certificates.
(/ .
WITNESS MY HAND officially as such Clerk this~1.:l!J. day of October
, 2008.