2012-53 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: September 24, 2012 RESOLUTION NO: 2012 -53
MOTION BY: McDonald SECONDED BY: Ernst
RESOLUTION PROVIDING FOR THE SALE OF
$1,245,000 G.O. WATER AND SEWER REVENUE BONDS, SERIES 2012A
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $1,245,000 G.O. Water and
Sewer Revenue Bonds, Series 2012A (the "Bonds "), to finance meter reading equipment 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 24,
2012, 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 24 day of September, 2012.
ATTEST:
.40 04 _... — Iii& 7CeP"' Ahs.,---(E.s.A.......L._
o.. - erhardt, City Manager Thomas A. Furlong, Mayor
YES NO ABSENT
Furlong
Ernst
Laufenburger
McDonald
Tjornhom