2004-46c
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
e
DATE:
June 28. 2004
RESOLUTION NO:
2004-46c
MOTION BY:
LundQuist
SECONDED BY:
A votte
RESOLUTION PROVIDING FOR THE SALE OF
$1,170,000 TAXABLE G.O. TAX INCREMENT REFUNDING BONDS, SERIES 2004C
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $1,170,000 Taxable G.O. Tax
Increment Refunding Bonds, Series 2004C (the "Bonds"), to refinance the $540,000 Taxable
Chanhassen Properties Note, Series 8/1/1996 and the $360,000 Taxable Frontier Note, Series
8/1/1996 of the City; and;
WHEREAS, the City has retained Ehlers & Associates, Inc., in Roseville, Minnesota
("Ehlers"), as its independent financial advisor for the Bonds 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:
e 1. Authorization; Findings. The City Council hereby authorizes Ehlers to solicit proposals for
the sale of the Bonds.
2. Meeting; Proposal Opening. The City Council shall meet at City Hall on July 12,2004, for
the purpose of considering sealed proposals for and awarding the sale of the Bonds.
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 Bonds and to execute and deliver it on behalf of the City upon its
completion.
Passed and adopted by the Chanhassen City Council this 28th day of June, 2004.
tLArrt
Thomas A. Furlong, Mayor
--
YES
Furlong
Lundquist
Ayotte
Peterson
NO
None
ABSENT
Labatt