RES. 84-3120 (ADV.CIRCUITS REV. BOND)
CERTIFICATION OF MINUTES RELATING TO
$3,500,000 CITY OF HOPKINS, MINNESOTA
INDUSTRIAL DEVELOPMENT REVENUE BONDS
(ADVANCE CIRCUITS, INC. PROJECT)
SERIES 1983
Issuer: City of Hopkins; Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A meeting held on
February 21, 1984 at 7:30 o'clock p.m. at the Hopkins City Hall,
1010 First Street South, Hopkins, Minnesota
Members Present:
Members Absent:
"'0 Documents Attached: Minutes of said meeting (pages):
RESOLUTION NO. 84-3120
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HOPKINS, MINNESOTA APPROVING THE RESALE TO THE
PUBLIC OF $3,500,000 AGGREGATE PRINCIPAL AMOUNT OF
INDUSTRIAL DEVELOPMENT REVENUE BONDS (ADVANCE
CIRCUITS, INC. PROJECT) SERIES 1983 OF THE CITY OF
HOPKINS; AND AUTHORIZING THE USE OF AN OFFICIAL
STATEMENT RELATING TO THE SERIES 1983 BONDS.
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I, the undersigned, being the duly qualified and acting
recording officer of the municipal corporation which issued the
Series 1983 Bonds referred to in the title of this certificate,
certify that the documents attached hereto, as described above,
have been carefully compared with the original records of said
corporation in my legal custody, from which they have been
transcribed: that said documents are a correct and complete
transcript of the minutes of a meeting of the governing body of
said corporation and correct and complete copies of all resolu-
tions and other actions taken and all of the documents approved by
the governing body at said meeting, so far as they relate to said
Series 1983 Bonds; and that said meeting was duly held by the
governing body at the time and place and was attended throughout
by the members indicated above, pursuant to call and notice of
such meeting given as required by law and that said resolution was
adopted by the requisite vote required under the charter of said
City, signed by the Mayor and is in full force and effect.
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WITNESS, my hand officially as such recording officer of
the City this ____ day of February, 1984.
City Clerk
(SEAL)
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Councilmember, Mr.Milbert , introduced the follo~ing
Resolution and moved its adoption:
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RESOLUTION NO. 3120
RESOLlITION OF THE CITY COUNCIL OF THE CITY OF
HOPKINS, MINNESOTA APPROVING THE RESALE TO THE
PUBLIC OF $3,500,000 AGGREGATE PRINCIPAL AMOUNT OF
INDUSTRIAL DEVELOPMENT REVENUE BONDS (ADVANCE
CIRCUITS, INC. PROJECT) SERIES 1983 OF THE CITY OF
HOPKINS: AND AUTHORIZING THE USE OF AN OFFICIAL
STATEMENT RELATING TO THE SERIES 1983 BONDS.
WHEREAS, on December 20, 1983, by Resolution No. 83-3110,
the Council of the City of Hopkins approved the issuance and sale
of $3,500,000 aggregate principal amount of Industrial Development
Revenue Bonds (Advance Circuits, Inc. Project) Series 1983 of the
City of Hopkins (the "Bonds"), authorized execution of the Trust
Indenture, Loan Agreement and Bond Purchase Agreement, and
authorized the use of an Official Statement, all relating to the
Series 1983 Bonds; and
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WHEREAS, the Bonds were issued on December 21, 1983, and
sold to and purchased by First National Bank of Minneapolis; and
WHEREAS, Advance Circuits, Inc. now has requested that the
Bonds be remarketed through a public sale rather than a private
sale, and has requested the approval of the City of such
remarketing;
NOW THEREFORE, be it ordained by the Council of the City
of Hopkins, Minnesota as follows:
1. The City hereby approves a remarke~ing of the Series
1983 Bonds to the public upon such terms and ~onditions as are
agreed upon by Advance Circuits, Inc. and the remarketing agent.
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2. The Preliminary Official Statement dated February 17,
1984, relating to the public offer and sale of the Bonds has been
submitted to the Council and is now or shall be placed on file in
the office of the Secretary to the Council. The form of the
Preliminary Official Statement is hereby approved. The City
hereby consents to the distribution of the Preliminary Official
Statement to prospective purchasers of the Bonds, but assumes no
responsibility for the contents thereof.
3. The Mayor and City Manager are also hereby authorized
and directed to execute an official statement substantially in the
form of the Preliminary Official Statement, but with such changes
therein as may be approved by the Mayor and City Manager, which
approval shall be conclusively evidenced by the execution thereof.
The City consents to the distribution of the final Official
Statement, but assumes no responsibility for the contents thereof.
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4. The Mayor, City Manager and other officers of the City
are authorized and directed to execute and deliver to Lindquist &
Vennum, bond counsel, such other documents as are necessary in
connection with the sale to the public of the Bonds, including
confirmation of all proceedings and records of the City relating
to the Bonds, and confirmation of such other agreements,
affidavits and certificates as were executed in connection with
the issuance of the Bonds.
Adopted by the City Council, the City of Hopkins, Minnesota this
21st day of February, 1984.
Signed:
Mayor
Attest:
City Clerk
The motion for the adoption of the foregoing Resolution
was duly seconded by Councilmember Mr. Shirley and
upon vote being taken thereon the following voted in favor
thereof: Shirley, Miller, Milbert, Anderson
and the following voted against the same:
None
Whereupon the Resolution was declared duly passed and adop ted.
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