2011-49 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: August 8, 2011 RESOLUTION NO: 2011 -49
MOTION BY: Ernst SECONDED BY: Laufenburger
RESOLUTION PROVIDING FOR THE SALE OF
APPROXIMATELY $5,920,000 GENERAL OBLIGATION BONDS, SERIES 2011A
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore determined
that it is necessary and expedient to issue the City's $2,490,000 G.O. Water Revenue Bonds, series
2011A and potentially the $3,430,000 General Obligation Water Refunding Bonds, Series 2011A (the
"Bonds "), to provide for the construction of a new water storage tank and to refund the outstanding
$5,465,000 G.O. Water Revenue Bonds, Series 2005B, maturities due in 2014 to 2021;
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 September 12, 2011,
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 8 day of August, 2011.
ATTES
odd Gerhardt, City Manager Thomas A. Furlong, •
YES NO ABSENT
• Furlong McDonald
Ernst
Laufenburger
•
Tjornhom