2024-45133483067v1
EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF CHANHASSEN, MINNESOTA
HELD: JUNE 24, 2024
Pursuant to due call and notice thereof, a regular or special meeting of the City Council
of the City of Chanhassen, Carver and Hennepin Counties, Minnesota, was duly held at the City
Hall on June 24, 2024, at 7:00 P.M., for the purpose, in part, of authorizing the competitive
negotiated sale of $24,250,000 General Obligation Capital Improvement Plan Bonds, Series
2024A.
The following members were present:
and the following were absent:
Member von Oven introduced the following resolution and moved its adoption:
RESOLUTION NO. 2024-45
RESOLUTION PROVIDING FOR THE SALE OF $24,250,000 GENERAL OBLIGATION
CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2024A
A. WHEREAS, the City Council of the City of Chanhassen, Minnesota (the "City")
has heretofore determined that it is necessary and expedient to issue the City's $24,250,000
General Obligation Capital Improvement Plan Bonds, Series 2024A (the "Bonds"), to finance the
acquisition and betterment of a new city hall facility to be located in the City; and
B. WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville,
Minnesota ("Ehlers"), as its independent municipal advisor for the Bonds in accordance with
Minnesota Statutes, Section 475.60, Subdivision 2(9).
NOW, THEREFORE, BE IT RESOLVED by the City of Chanhassen, Minnesota, as
follows:
1. Authorization. The City Council hereby authorizes Ehlers to assist the City for the
sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 P.M. on July 22,
2024, for the purpose of considering 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.
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The motion for the adoption of the foregoing resolution was duly seconded by Council
Member Kimber and, after full discussion thereof and upon a vote being taken thereon, the
following Council Members voted in favor thereof:
Ryan
von Oven
Schubert
Kimber
and the following voted against the same:
None
Whereupon said resolution was declared duly passed and adopted.
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STATE OF MINNESOTA
CARVER AND HENNEPIN COUNTIES
CITY OF CHANHASSEN
I, the undersigned, being the duly qualified and acting City Manager of the City of
Chanhassen, Minnesota, DO HEREBY CERTIFY that I have compared the attached and
foregoing extract of minutes with the original thereof on file in my office, and that the same is a
full, true and complete transcript of the minutes of a meeting of the City Council, duly called and
held on the date therein indicated, insofar as the minutes relate to providing for the issuance and
sale of $24,250,000 General Obligation Capital Improvement Plan Bonds, Series 2024A.
WITNESS my hand on June 24, 2024.
__________________________________________
City Manager
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