2009-29
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DA TE:
April 13. 2009
RESOLUTION NO:
2009-29
MOTION BY:
Ernst
SECONDED BY:
Litsev
A RESOLUTION PROVIDING FOR THE SALE OF
$6,265,000 GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS,
SERIES 2009A, TO REFUND THE OUTSTANDING G.O. BONDS, SERIES 2006A, AND
THE MNDOT 212 IMPROVEMENT LOAN
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $6,265,000 General Obligation
Refunding Bonds, Series 2009A (the "Bonds"), to refund the outstanding $5,330,000 G.O.
Improvement Bonds, Series 2006A, maturities due in 2010 to 2014 and to refund the outstanding
$3,057,124 General Obligation Local Loan Series 2005, maturities due in 2010 to 2017;
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 EWers to solicit proposals for the
sale of the Bonds.
2. Meeting: Proposal Opening. The City Council shall meet at 7:00 P.M. on May 11, 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 13th day of April, 2009.
AT~~.-LJst-.
Toad Gerhardt, City Manager
~~~
Thomas A. Furlong, Mayor
YES
Furlong
Ernst
Litsey
McDonald
Tjornhom
NO
ABSENT