Loading...
HomeMy WebLinkAboutResolution - 86-98 - Approving Summary of Ordinance 19-86 and Ordering Publication of Same - The Ridge r'rTV nG cnrkt Dnnrnrc HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 86-98 A RESOLUTION APPROVING THE SUMMARY OF ORDINANCE 19-86 AND ORDERING THE PUBLICATION OF SAID SUMMARY WHEREAS, Ordinance No. 19-86 was adopted and ordered published at a regular meeting of the City Council of the City of Eden Prairie on the 20th day of May, 1986; NOW, THEREFORE, RE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF EDEN PRAIRIE: A. That the text of the summary of Ordinance No. 19-86, which is attached hereto, is approved, and the City Council finds that said text clearly informs the public of the intent and effect of said ordinance. B. That said text shall be published once in the Eden Prairie News in a body type no smaller than brevier or eight-point type, as defined in Minn. Stat. sec. 331 .07. C. That a printed copy of the Ordinance shall be made available for inspection by any person during regular office hours at the office of the City Clerk and a copy of the entire text of the Ordinance shall be posted in the City Hall . D. That Ordinance No. 19-86 shall be recorded -in -the ordinance book, along with proof of publication required by paragraph B herein, within 20 days after said publication. ADOPTED by the City Council on May 20, 1986. ary `D. �p terson, Mayor ATTEST: J rave, City Clerk ___ 20. That the officers and other agents or employees of the City are hereby authorized to do all acts and things required by them by or in connection with this Resolution, the aforementioned documents and the Bonds for the full punctual, and complete performance of all the terms, covenants and agreements contained in the Bonds, the aforementioned documents and this Resolution. 21. That the City. Manager, or in the absence of the City Manager, its designee, is hereby designated as Issuer Representative for the purpose of taldng all actions and doing all things required to be taken or done by the Issuer Representative pursuant to the aforementioned documents. 22. That in the event any of the officers of the City authorized to execute documents on behalf of the City under this Resolution shall for any reason be unable to do so, any other officer of the City authorized to act for such designated officer is hereby directed and authorized to do so on behalf of the City with the same effect as if executed by the officer authorized to do so in this Resolution. 23. That all acts of the officers and employees of the City heretofore taken in furtherance of the Project are hereby app•oved, ratified and confirmed. _ 24. That the Mayor, the City Manager and the City Clerk and other officers of the City are authorized and directed to prepare and furnish with regard to the issuance of the Bonds, certified copies of all proceedings and records of the City relating to the Bonds and such other affidavits and certificates (including but not limited to those required by a Bond Purchase Agreement) as may be required to show the facts relating to the legality, tax exemption and marketability of the Bonds as such facts appear from the books and records in said officers' custody and control or as otherwise known to them; and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the City as to the truth of all statements made by the City and contained therein. 25. That the Trustee is hereby appointed authenticating agent with respect to the Bonds pursuant to Minnesota Statutes, Section 475.55, and paying agent with respect to the Bonds pursuant to Minnesota Statutes, Section 475.553. The Trustee is hereby directed to accept as additional security Tor the Bonds such other documents and instruments as shall be provided to it by the Developer. If so required thereof, the Trustee is hereby authorized to become a party to such documents and instruments and to take all necessary and appropriate actions thereto as required by a party to such documents and instruments. 26. That the issuance of the Bonds and the transactions contemplated thereby are hereby found to be consistent with the procedures of the City established for such undertakings and, in the event of any inconsistencies, strict compliance with such procedures is hereby waived. -6-