1999-018
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 99-018
RESOLUTION PROVIDING FOR THE SALE OF $1,575,000 TAXABLE GENERAL
OBLIGATION HOUSING IMPROVEMENT AREA BONDS, SERIES 1999A
WHEREAS, the City Council of the City of Hopkins, MN, has determined that it is necessary and
desirable to issue the City's $1,575,000 Taxable General Obligation Housing Improvement Area
Bonds, Series 1999A to finance improvements in Housing Improvement Area No. 3; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers") as
its independent financial advisor for the Bonds and is therefore authorized to solicit proposals 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, MN., as
follows:
Authorization; Findings The City Council hereby authorizes Ehlers to solicit proposals for the
sale of the Bonds.
Meeting; Proposal O ening~ 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.
Terms of Proposal. The terms and conditions of the Bonds and the sale thereof are fully set forth
in Bonds Sale Report dated March 16, 1999.
Official Statement. In connection with the 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 this 16th day of March, 1999.
Charles D. Redepenning,