2018-08CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: January 8, 2018 RESOLUTION NO: 2018-08
MOTION BY: McDonald SECONDED BY: Campion
RESOLUTION PROVIDING FOR THE SALE OF $3,595,000 GENERAL OBLIGATION
WATER REVENUE BONDS, SERIES 2018A
WHEREAS, the City Council of the City of Chanhassen, Minnesota has heretofore
determined that it is necessary and expedient to issue the City's $3,595,000 General Obligation
Water Revenue Bonds, Series 2018A (the "Bonds"), to finance costs to complete construction of
the West Water Treatment Plant and related utility system improvements in the City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent municipal advisor for the 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 Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on February 12, 2018,
for the purpose of considering proposals for and awarding the sale of the Bonds.
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 January, 2018.
AT SST:
Todd Gerhardt, City Manager Denny La fenburger, Mayor
YES NO ABSENT
Laufenburger Tjomhom
McDonald
Ryan
Campion