2008-47
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
September 8. 2008
RESOLUTION NO:
2008-47
MOTION BY:
McDonald
SECONDED BY:
Tiornhom
A RESOLUTION PROVIDING FOR THE SALE OF $7,550,000 GENERAL
OBLIGA TION CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2008A
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $7,550,000 General Obligation
Capital Improvement Plan Bonds Series 2008A (the "Bonds"), to finance the construction of a
public works facility;
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
Chanhassen, Minnesota:
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 7:00 P.M. on October 27,
2008, or subsequent date as determined by City staff, 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.
Passed and adopted this 8th day of September, 2008.
fLAt
Thomas A. Furlong, Mayor
YES
NO
ABSENT
Furlong
Litsey
McDonald
Tjornhom
None
Ernst