HomeMy WebLinkAboutResolution - 98-33 - Bond Sale - 02/17/1998 CITY OF EDEN-PRAIRIE
HENNEPIN COUNTY,MINNESOTA
RESOLUTION NO. 98-33
RESOLUTION AUTHORIZING ISSUANCE AND SALE OF GENERAL
OBLIGATION REFUNDING BONDS, SERIES 1998B
BE IT RESOLVED by the City Council of the City of Eden Prairie(the City), as follows:
1. Purpose. It is hereby determined to be in the best interests of the City to issue its General
Obligation Refunding Bonds, Series 1998B, in the approximate aggregate principal amount of
$ - (subject to adjustment as provided in the Terms of Proposal described
below) (the Bonds), pursuant to Minnesota Statutes, Chapter 475,to refund the outstanding
bond issues, or portions thereof, described on Exhibit A attached hereto.
2. Terms of Proposal. Springsted Incorporated, financial consultant to the City, has presented to
this Council forms of Terms of Proposal for the Bonds which are attached hereto and hereby
approved and shall be placed on file by the Finance Director/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 proposals for the Bonds on behalf of the City on a negotiated basis.
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.
ADOPTED by the Eden Prairie City Council on February 17, 1998
Jan . Harris,Mayor
ATTEST: SEAL:
J D. e, City Clerk