HomeMy WebLinkAboutCity Council Resolution 2015-023CITY OF PLYMOUTH
RESOLUTION NO. 2015-023
Council Member Willis introduced the following resolution and moved its adoption:
Resolution Providing for the Sale of
$3,295,000 General Obligation Open Space Bonds, Series 2015A
A. WHEREAS, the City Council of the City of Plymouth, Minnesota has heretofore determined that it is
necessary and expedient to issue the City's $3,295,000 General Obligation Open Space Bonds, Series
2015A (the "Bonds"), to finance acquisition of property for parks and open space in the City; and
B. 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 the City of Plymouth, 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 7:00 p.m. on February 10, 2015, 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.
The motion for the adoption of the foregoing resolution was duly seconded by City Council Member
Prom and, after full discussion thereof and upon a vote being taken thereon, the following City Council
Members voted in favor thereof. Mayor Slavik, Councilmembers Willis, Carroll, Johnson, Wosje, Beard,
and Prom.
and the following voted against the same: None.
Whereupon said resolution was declared duly passed and adopted.
Adopted this 13th day of January, 2105.