2002-103
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2002-103
RESOLUTION PROVIDING FOR THE SALE OF
$960,000 GENERAL OBLIGATION PERMANENT IMPROVEMENT REVOLVING FUND
BONDS, SERIES 2002B
WHEREAS, the City Council of the City of Hopkins, Mimlesota has determined that it is necessary and
desirable to issue $960,000 of General Obligation Permanent Improvement Revolving Fund Bonds,
Series 2002B, (the "Bonds"), to finance assessments and City costs related to City Projects No. 98-12
and No. 00-10 in the City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers") as its
independent financial advisor and is therefore authorized to solicit proposals in accordance with
Minnesota Statutes, Section 475.60, Suddivision 2(9);
NOW, THEREFORE, BE IT RESOLVED by the City Council 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 7:30pm on November 19,2002, 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.
3. Official Statement. In connection with said sale, the officers or employees ofthe 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 by the City Council of the City of Hopkins held this 5th day of November, 2002.
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