HomeMy WebLinkAboutCity Council Resolution 2003-449CERTIFICATION OF MINUTES RELATING TO
$1,365,000 GENERAL OBLIGATION OPEN SPACE REFUNDING BONDS, SERIES 2003D
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. 2003-449
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF
$1,365,000 GENERAL OBLIGATION OPEN SPACE
REFUNDING BONDS, SERIES 2003D
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. 2003-449
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $1,365,000 GENERAL
OBLIGATION OPEN SPACE REFUNDING BONDS, SERIES 2003D
BE IT RESOLVED by the City Council of 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 Open Space Refunding Bonds, Series 2003D (the Bonds), in the
aggregate principal amount of $1,365,000 to refund a portion of the City's outstanding General
Obligation Open Space Bonds, Series 1995A, pursuant to Minnesota Statutes, Chapter 475.
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 Clerk. 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 bids 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 bids 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:
and the following voted against the same:
whereupon the resolution was declared duly passed and adopted.