2001-34DATE:
MOTION BY:
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
May 29, 2001 RESOLUTION NO: 2001-34
Labatt SECONDED BY: Peterson
Resolution Providing for the Sale of Approximately
$515,000 G.O. Equipment Certificates
$640,000 G.O. Improvement Bonds
$1,645,000 G.O. Water and Sewer Revenue Bonds
$2,720,000 G.O. Tax Increment Refunding Bonds
WHEREAS, the City Council of the Chanhassen Minnesota, has heretofore determined that it is
necessary and expedient to issue approximately $515,000 G.O. Equipment Certificates, $640,000
G.O. Improvement Bonds, $1,645,000 G.O. Water and Sewer Revenue Bonds, and $2,720,000
G.O. Tax Increment Refunding Bonds (collectively the "Bonds"), to finance the acquisition of
various equipment, construction of various improvements in the City, and refinance an existing
bond issue; and
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WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"),
as its independent financial advisor for the City of Chanhassen 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 Chanhassen, Minnesota, as follows:
Authorization: Findings. The City Council hereby authorizes Ehlers to solicit proposals for the
sale of the Bonds.
Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on June 25, 2001, for the
purpose of considering sealed proposals for and awarding the sale of the Bonds.
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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 29th day of May, 2001.
ATTEST:~ /
Linda C. Jansen, May~r/~
YES
Ayotte
Jansen
Labatt
Peterson
NO
ABSENT