2003-53
"""'"'
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
DATE:
June 9. 2003
RESOLUTION NO:
2003-53
MOTION BY:
Peterson
SECONDED BY:
Labatt
A RESOLUTION PROVIDING FOR THE SALE OF $632,000 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 $632,000 General Obligation
Equipment Certificates, Series 2oo3A (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 Council 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 July 14,2003 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 9th day of June 2003.
rL4
Thomas A. Furlong, Mayor
YES
NO
ABSENT
,....,
Furlong
Ayotte
Lundquist
Labatt
Peterson
None
None