2019-30CERTIFICATION
STATE OF MINNESOTA )
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COUNTY OF CARVER )
I, Todd Gerhardt, City Manager of the City of Chanhassen, Minnesota, do hereby
certify that I have compared the foregoing copy of Resolution No. 2019-30 "Resolution
Adopting Post -Issuance Debt Compliance Policy for Tax -Exempt and Tax -Advantaged
Governmental Bonds" adopted by the Chanhassen City Council on June 24, 2019 with the
original copy now on file in my office and have found the same to be a true and correct
copy thereof.
Witness my hand and official seal at Chanhassen, Minnesota, this 24th day
of June, 2019.
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TaA Gerhardt, City Manager
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE: June 24, 2019 RESOLUTION NO: 2019-30
MOTION BY: Campion SECONDED BY: Coleman
RESOLUTION ADOPTING POST -ISSUANCE DEBT COMPLIANCE POLICY FOR
TAX-EXEMPT AND TAX -ADVANTAGED GOVERNMENTAL BONDS
WHEREAS, the City of Chanhassen, Minnesota (the "City") from time to time will issue
tax-exempt and tax -advantaged governmental bonds; and
WHEREAS, under the Internal Revenue Code of 1986, as amended and related
regulations (the "Code"), and Securities and Exchange Commission (the "SEC") the City is
required to take certain actions after bond issuance to ensure that interest on those bonds remains
in compliance with the Code and SEC; and
WHEREAS, the City has determined to adopt a policy regarding how the City will carry
out its compliance responsibilities via written procedures, and to that end, has caused to be
prepared documents titled Post -Issuance Debt Compliance Policy and Post -Issuance Debt
Compliance Procedures; and
WHEREAS, The City Council (the "Council") of the City has reviewed the Post -
Issuance Debt Compliance Policy in connection with the Post -Issuance Debt Compliance
Procedures and has determined that it is in the best interest of the City to adopt the Policy.
NOW THEREFORE, BE IT RESOLVED the Council approves the Policy as shown in
the form attached; and
BE IT FURTHER RESOLVED; the City staff is authorized to take all actions
necessary to carry out the Post -Issuance Debt Compliance Policy and Post -Issuance Debt
Compliance Procedures.
Passed and adopted by the Chanhassen City Council this 24th day of June, 2019.
ATTEST:
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L J.-�t
TAM Gerhardt, City Manager
YES NO
Ryan None
Campion
Coleman
McDonald
Tjornhom
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Elise Ryan, Mayor 61
ABSENT
None