2009-09
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
February 9. 2009
RESOLUTION NO:
2009-09
MOTION BY:
Litsev
SECONDED BY:
Ernst
A RESOLUTION PROVIDING FOR THE SALE OF
$3,965,000 GENERAL OBLIGATION LIBRARY REFUNDING BONDS, SERIES 2009A
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $3,965,000 General Obligation
Library Refunding Bonds, Series 2009A (the "Bonds"), to refund the outstanding $6,095,000
G.O. Library Bonds, Series 2002, maturities due in 2013 to 2022;
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 March 9, 2009,
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 by the Chanhassen City Council this 9th day of February, 2009.
--f
l~A
To Gerhardt, City Manager
YES
Furlong
Ernst
Litsey
McDonald
Tjornhom
NO
ABSENT