2012-048 Sale of BondsCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2012-048
Resolution Providing for the Sale of
$199859000 G.O. CIP Bonds, Series 2012A
and
$5,650,000 G.O. Bonds, Series 2012B
A. WHEREAS, the City Council of the City of Hopkins, Minnesota, has heretofore determined that it is
necessary and expedient to issue -the City's $1,985,000 General Obligation CIP Bonds, Series 2012A
and the City's $5,650,000 General Obligation Bonds, Series 2012B (the "Bonds"), to finance a net
cash refunding of the 2003 HRA Public Project Lease Revenue Bonds and to finance the 2011 and
2012 road reconstruction projects, water meter replacement and major capital equipment purchases in
the City; and
B. 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 August 21, 2012, 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.
Adopted by the City Council of the City of Hopkins this 17th day of July 2012.
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By:
Eug e J. 10axwell, Mayor
ATTEST:
Kristine A Luedke, City Clerk