2009-059CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION NO. 2009 -059
Council Member a /Ver5Qrl introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$2,890,000 Taxable General Obligation Housing Improvement Area Refunding Bonds,
Series 2009C
WHEREAS, the City Council of the City of Hopkins, Minnesota, has heretofore determined
that it is necessary and expedient to issue the City's $2,890,000 Taxable General Obligation
Housing Improvement Area Refunding Bonds, Series 2009C (the "Series 2009C Bonds "), to
current refund the Taxable General Obligation Housing Improvement Area Bonds, Series
1999A and to current refund the Taxable General Obligation Housing Improvement Area
Bonds, Series 1999B; 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
6.ca u.L en 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 4th day of November, 2009.
By
Euge axwell, Mayor