2016-75 CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES,MINNESOTA
DATE: November 14,2016 RESOLUTION NO: 2016-75
MOTION BY: McDonald SECONDED BY: Campion
RESOLUTION
PROVIDING FOR THE SALE OF
$3,630,000 GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 2016B;
AND
$10,000,000 GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 2017A
WHEREAS,the City Council of the City of Chanhassen, Minnesota has heretofore
determined that it is necessary and expedient to issue the City's $3,630,000 General Obligation
Water Revenue Bonds, Series 2016B (the "2016B Bonds") and$10,000,000 General Obligation
Water Revenue Bonds, Series 2017A(the "2017A Bonds")to finance the West Water Treatment
Plant project in the City; and
WHEREAS,the City has retained Ehlers &Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent municipal advisor for the 2016B Bonds and 2017A Bonds 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 assist the City for the
sale of the 2016B Bonds and 2017A Bonds.
2. Meeting; 2016B Bonds Proposal Opening. The City Council shall meet at 7:00 p.m. on
December 12, 2016, for the purpose of considering proposals for and awarding the sale of the
2016B Bonds,
3. Meeting; 2017A Bonds Proposal Opening. The City Council shall meet at 7:00 p.m. on
January 9,2017, for the purpose of considering proposals for and awarding the sale of the
2017A Bonds.
4. Official Statement. In connection with said sales, 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 2016B Bonds and 2017A Bonds, and to execute and deliver it on behalf of
the City upon its completion.
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Passed and adopted by the Chanhassen City Council this 14th day of November, 2016.
ATTEST:
To:16(A -
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Gerhardt, City Manager DennyLurgZf u
YES NO ABSENT
Laufenburger None None
Campion
McDonald
Ryan
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