2009-057Council Member
gowa r
Resolution Providing for the Sale of
$3,340,000 General Obligation Bonds, Series 2009B
WHEREAS, the City Council of the City of Hopkins, Minnesota, has heretofore determined that
it is necessary and expedient to issue the City's $3,340,000 General Obligation Bonds, Series
2009B (the "Series 2009B Bonds "), to finance water and sanitary sewer improvements in the
City, to current refund the General Obligation Storm Sewer Revenue Bonds, Series 19990 and to
current refund the General Obligation Water Revenue Bonds, Series 2000A;
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,
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 7:30 p.m. on November 17,
2009, for the purpose of considering sealed proposals for and awarding the sale of the
Bonds.
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.
The motion for the adoption of the foregoing resolution was duly seconded by Council Member
fi a IV ( n and, after full discussion thereof and upon a vote being taken
thereon, the following Council Members voted in favor thereof:
and the following voted against the same:
Whereupon said resolution was declared duly passed and adopted.
Dated this 20 day of October, 2009.
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CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTON NO. 2009 -057
introduced the following resolution and moved its adoption:
By
ugene Maxwell, Mayor