HomeMy WebLinkAboutCity Council Resolution 2003-448CERTIFICATION OF MINUTES RELATING TO
$2,895,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2003C
Issuer: City of Plymouth, Minnesota
Governing Body: City Council
Kind, date, time and place of meeting: A regular meeting held October 14, 2003, at 7:00
o'clock P.M., at the City Hall, Plymouth, Minnesota.
Members present: Mayor Johnson, Councilmembers Neset, Hewitt, Slavik, Bildsoe, and
Stein
Members absent: Councilmember Black
Documents Attached:
Minutes of said meeting (including):
RESOLUTION NO. 2003-448
RESOLUTION AUTHORIZING ISSUANCE AND SALE
OF $2,895,000 GENERAL OBLIGATION
IMPROVEMENT BONDS, SERIES 2003C
I, the undersigned, being the duly qualified and acting recording officer of the
public corporation issuing the bonds referred to in the title of this certificate, certify that
the documents attached hereto, as described above, have been carefully compared with
the original records of said corporation in my legal custody, from which they have been
transcribed; that said documents are a correct and complete transcript of the minutes of a
meeting of the governing body of said corporation, and correct and complete copies of all
resolutions and other actions taken and of all documents approved by the governing body
at said meeting, so far as they relate to said bonds; and that said meeting was duly held
by the governing body at the time and place and was attended throughout by the members
indicated above, pursuant to call and notice of such meeting given as required by law.
WITNESS my hand officially as such recording officer on October 14, 2003.
City Clerk
Councilmember Bildsoe introduced the following resolution and moved its adoption,
which motion was seconded by Councilmember Slavik:
RESOLUTION NO. 2003-448
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $2,895,000
GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2003C
BE IT RESOLVED by the City Council of the City of Plymouth,
Minnesota (the City), as follows:
Section 1. Purpose. It is hereby determined to be in the best interests of
the City to issue its General Obligation Public Improvement Bonds, Series 2003A, in the
aggregate principal amount of $2,895,000, pursuant to Minnesota Statutes, Chapters 429
and 475, to finance various street reconstruction project in the City.
Section 2. Terms of Proposal. Springsted Incorporated, financial
consultant to the City, has presented to this Council a form of Terms of Proposal for the
Bonds which is attached hereto and hereby approved and shall be placed on file by the
City Manager. Each and all of the provisions of the Terms of Proposal are hereby
adopted as the terms and conditions of the Bonds and of the sale thereof. Springsted
Incorporated, as independent financial advisers, pursuant to Minnesota Statutes, Section
475.60, Subdivision 2, paragraph (9) is hereby authorized to solicit proposals for the
Bonds on behalf of the City on a negotiated basis.
Section 3. Sale Meeting. This Council shall meet at the time and place
shown in the Terms of Proposal, for the purpose of considering sealed proposals for the
purchase of the Bonds and of taking such action thereon as may be in the best interests of
the City.
Upon vote being taken thereon, the following voted in favor thereof. All members voted
in favpr
and the following voted against the same:
whereupon the resolution was declared duly passed and adopted