2013-015 Sale of G.O. Improvement BondsCITY OF HOPKINS
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2013-015
RESOLUTION PROVIDING FOR THE SALE OF
$3,770,000 G.O. IMPROVEMENT BONDS, SERIES 2013A
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 $3,770,000 General Obligation
Improvement Bonds, Series 2013A (the "Bonds"), to finance the 2013 road reconstruction
projects 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 April 25, 2013, 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 5th day of March 2013.
By
EugenfJ. 14axwell, Mayor
ATTEST:
Kristine A Luedke, City Clerk