2005-87
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
.
DATE:
October 10. 2005
RESOLUTION NO:
2005-87
MOTION BY:
Lundauist
SECONDED BY:
Labatt
A RESOLUTION PROVIDE FOR THE SALE OF $5,520,000
GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 2oo5A
WHEREAS, the City Council of the City of Chanhassen, Minnesota, has heretofore
determined that it is necessary and expedient to issue the City's $5,520,000 General Obligation
Water Revenue Bonds, Series 2005A (the "Bonds"), to finance a water treatment plant, wells, and
other water improvements; 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:
.
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 October 24,
2005 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 of 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 10th day of October, 2005.
Jkt:
Thomas A. Furlong, Mayor
e
YES
Furlong
Labatt
Lundquist
Peterson
Tjornhom
NO
None
ABSENT
None