2009-94EXTRACT OF MINUTES OF A MEETING
OF THE CITY COUNCIL
CITY OF CHANHASSEN, MINNESOTA
HELD: December 14, 2009
Pursuant to due call and notice thereof, a regular or special meeting of the City Council
of the City of Chanhassen, Carver and Hennepin Counties, Minnesota, was duly held at the City
Hall on December 14, 2009, at 7 o'clock p.m.
The following members were present:
and the following were absent:
Member Ernst introduced the following resolution and moved its adoption:
RESOLUTION 2009-94
RESOLUTION AMENDING RESOLUTION ACCEPTING PROPOSAL ON THE SALE
OF GENERAL OBLIGATION LIBRARY REFUNDING BONDS, SERIES 2009A AND
LEVYING A TAX FOR THE PAYMENT THEREOF
WHEREAS, by resolution duly adopted by the City Council on March 9, 2009 (the
"Resolution"), the City Council of the City of Chanhassen, Minnesota (the "City"), authorized
the issuance of General Obligation Library Refunding Bonds, Series 2009A (the "Bonds") to
provide funds for a crossover refunding of the City's General Obligation Library Bonds, Series
2002A dated March 1, 2002; and
WHEREAS, in the Resolution the City Council designated the Mayor, the City Manager
and Ehlers & Associates, Inc. as a "Pricing Committee" and the Pricing Committee may set the
date and time to receive proposals pursuant to the Terms of Proposal established for the Bonds as
long as the date is no later than December 31, 2009; and
WHEREAS, the City proposes that the Resolution be amended to extend the date by
which proposals for the sale of the Bonds may be received by the Pricing Committee to
December 31, 2010; and
WHEREAS, the Terms of Proposal has been revised to reflect a potential sale date in the
year 2010.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Chanhassen, Minnesota, as follows:
The Resolution is amended to provide that the Pricing Committee may accept proposals
for the sale of the Bonds in accordance with the Terms of Proposal attached hereto as long as
such date 1s no later than December 31, 2010.
2434415v1
The Resolution is amended to reflect that the terms of the Bonds as set forth in the Terms
of Proposal including the series designation, the dated date of the Bonds, the first interest
payment date and the call feature, are attached hereto.
Except as hereby amended, all other terms and conditions of the Resolution shall remain
in full force and effect.
The motion for the adoption of the foregoing resolution was duly seconded by Member
Tjornhom and, after full discussion thereof and upon a vote being taken thereon, the following
voted in favor thereof: Furlong, Ernst, Litsey, McDonald, Tjornhom
and the following voted against the same: None
Whereupon the resolution was declared duly passed and adopted.
Passed and adopted by the Chanhassen City Council this 14th day of December, 2009.
ATTEST:
Todd 6erhardt, i y r
YES
Furlong
Ernst
Litsey
McDonald
Tjornhom
Thomas A. Furlong, Mayor f
\J
NO
ABSENT
STATE OF MINNESOTA
COUNTIES OF CARVER AND HENNEPIN
CITY OF CHANHASSEN
I, the undersigned, being the duly qualified and acting City Manager of the City of
Chanhassen, Minnesota, do hereby certify that I have compared the attached and foregoing
extract of minutes with the original thereof on file in my office, and that the same is a full, true
and complete transcript of the minutes of a meeting of the City Council, duly called and held on
the date therein indicated, insofar as such minutes relate to amending the resolution adopted on
March 9, 2009, relating to the issuance of General Obligation Library Refunding Bonds, Series
2009A.
WITNESS my hand on December 14, 2009.
�r
Cit Manager