2002-099
CITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION 2002-099
RESOLUTION PROVIDING FOR THE SALE OF
$10,650,000 HRA PUBLIC FACILITY LEASE REVENUE BONDS
WHEREAS, the City Council ofthe City of Hopkins, Minnesota has determined that it is necessary and
desirable to issue $10,650,000 ofHRA.. Public Facility Lease Revenue Bonds, (Public Works and Fire
Station Facility), (the "Bonds"), to finance a new fire station and public works facility 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 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 by the City Council of the City of Hopkins held this 5th day of November, 2002.
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