1997-033
CITY OF HOPKINS
Hennepin County, Minnesota
RESOLUTION 97 g33
RESOLUTION Providing FOR THE SALE OF $2,265,000 TAXABLE GENERAL
OBLIGATION HOUSING IMPROVEMENT AREA BONDS, SERIES 1997B
A. WHEREAS, the City of Hopkins, Minnesota, has heretofore determined that it
is necessary and expedient to issue the City's $2,265,000 Taxable General Obligation
Housing Improvement Area Bonds, Series 19978 (the "Bonds"), to finance the
construction of various improvements in Housing Improvement Area No. 1 in the City;
and
B. WHEREAS, the City has retained Ehlers and Associates, Inc., in Minneapolis,
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: Findinas. The City Council hereby authorizes Ehlers to solicit
proposals for the sale of the Bonds.
2. Meetina: Proposal Openina. The City Council shall meet at the time and place
specified in the Terms of Proposal attached hereto 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. Terms of Proposal. The terms and conditions of the Bonds and the sale thereof
are fully set forth in the "Terms of Proposal" attached hereto and hereby
approved and made a part hereof.
4. 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 this 1 st day of April, 1997.
.
Charles D. Redepenning, Ma r
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