2010-77 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: September 13, 2010 RESOLUTION NO: 2010 -77
MOTION BY: Litsey SECONDED BY: McDonald
RESOLUTION PROVIDING FOR THE SALE OF
$8,935,000 G.O. WATER REFUNDING BONDS, SERIES 2010B
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $8,935,000 General Obligation
Water Refunding Bonds (the "Bonds "), to provide for an advanced refunding of the $7,930,000
G.O. Water Revenue Bonds, Senes 2004B, and an advanced refunding of the $5,460,000 G.O.
Water Revenue Bonds, Series 2005B in the City; and
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, 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 7:00 p.m. on September 27,
2010, 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 13 day of September, 2010.
ATTEST:
- -- ' ,,,% ' CC-
To Gerhardt, City Manager Thomas A. Furlong, Mayor
YES NO ABSENT
Furlong
Ernst
Litsey
McDonald
Tiornhom