2003-47
r
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DA TE:
Mav 12. 2003
RESOLUTION NO:
2003-47
MOTION BY:
Labatt
SECONDED BY:
LundQuist
A RESOLUTION PROVIDING FOR THE SALE OF $732,000 GENERAL OBLIGATION
EQUIPMENT CERTIFICATES, SERIES 2003A
WHEREAS, the City Council of the City of Chanhassen Minnesota has heretofore
determined that it is necessary and expedient to issue the City's $1,540,000 General Obligation
Equipment Certificates, Series 2003A (the "Certificates"), to finance the acquisition general
equipment needs in the City; and
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Certificates 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 of Chanhassen, Minnesota as
follows:
.~
1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for
the sale of the Certificates.
2. Meeting; Proposal Opening. The City Council shall meet at 7:00 p.m. on June 23,2003, for
the purpose of considering sealed proposals for and awarding the sale of the Certificates.
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 Certificates and to execute and deliver it on behalf of the City upon its
completion.
Passed and adopted by the Chanhassen City Council this 12th day of May 2003.
~A_
Thomas A. Furlong, Mayor
YES
NO
,...,
Furlong
Ayotte
Labatt
Lundquist
Peterson
None
None