2000-74.DOC CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: October 23~ 2000 RESOLUTION NO: 2000-74
MOTION BY: Jansen SECONDED BY: Labatt
A RESOLUTION REQUESTING THE ECONOMIC DEVELOPMENT AUTHORITY
OF THE CITY OF CHANHASSEN TO ISSUE $930,000 PUBLIC PROJECT REVENUE
BONDS, SERIES 2000 AND PROVIDING FOR THE SALE THEREOF
WHEREAS, THE City Council of the City of Chanhassen, Minnesota (the "City"), has
heretofore determined that it is necessary and expedient to construct a park maintenance facility in the
City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
CEhlers"), 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:
Issuance of Bonds. The City Council hereby requests that the City of Chanhassen Economic
Development Authority (the "Authority") issue $930,000 Public Project Revenue Bonds,
Series 2000 (the "Bonds") to finance the facility.
2. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for the
sale of the Bonds.
Meeting; Proposal Opening. The Authority and the City shall meet at the time and place to be
specified in the Terms of Proposal for the purpose of considering sealed proposals for and
awarding the sale of the Bonds. The City Clerk, or designee, shall open proposals at the time
and place specified in such Terms of Proposal.
Official Statement. In connection with said sale, the officers or employees of the City and
Authority 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 and the
Authority upon its completion.
Passed and adopted by the Chanhassen City Council this 23rd day of October, 2000.
ATTEST:
Scott A. Botcher, City Manager Mark O. Senn, Acting Mayor
YES NO ABSENT
Senn
Engel
Labatt
Jansen
None
Mancino