2013-51 Resolution No.2013-51
Council Member Ernst introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$1,885,000 General Obligation Refunding Bonds, Series 2013A
A. WHEREAS,the City Council of the City of Chanhassen,Minnesota has heretofore determined that it
is necessary and expedient to issue the City's $1,885,000 General Obligation Refunding Bonds, Series
2013A(the"Bonds"),to finance a current refunding of a portion of the 2014 maturity of the General
Obligation Improvement Refunding Bonds, Series 2009A; and
B. 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 November 12,2013,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.
The motion for the adoption of the foregoing resolution was duly seconded by City Council Member
McDonald and, after full discussion thereof and uppmavote being taken thereon,the following City
Council Members voted in favor.thereof:
and the following voted against the same:
Whereupor id resolutio was declared duly passed and adopted.Dated this 28"'day of October,2013.
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'Todd erhardt, City Manager Thomas A. Furlong, Mayor
YES NO ABSENT
Furlong None None
Ernst
Laufenburger
McDonald
Tjornhom