HomeMy WebLinkAboutResolution - 2011-92 - Approval to Refund General Obligation Bonds Series 2005 C and 2006 A - 10/18/2011 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2011-92
RESOLUTION RELATING TO A PROPOSED REFUNDING; GIVING
APPROVAL TO REFUNDING OF CITY'S GENERAL OBLIGATION BONDS,
SERIES 2005C AND GENERAL OBLIGATION BONDS, SERIES 2006A
BE IT RESOLVED by the City Council of the City of Eden Prairie, Minnesota(the
"City"), as follows:
SECTION 1. PURPOSE. The City has,by resolution adopted on September 20, 2011, called for
a public hearing to be held on the proposal that the City give approval for purposes of Section
147(f)of the Internal Revenue Code of 1986, as amended (the"Code"), to the refunding of all or
a portion of the City's outstanding General Obligation Bonds, Series 2005C and General
Obligation Bonds, Series 2006A(the"Refunded Bonds"). The Refunded Bonds were originally,
and the obligations planned to be issued in one or more series(the"Bonds") are proposed to be
issued, in part, to finance or refinance a portion of the cost of improvements to the City's
community center(the"Project"). The Project is located at 16700 Valley View Road, Eden
Prairie, Minnesota 55346. The Project is expected to be used by the general public,the City and
qualified 501(c)(3)organizations.
SECTION 2. APPROVAL. The City hereby approves, for purposes of Section 147(f)of the
Code,the issuance of the Bonds for the purpose of refunding all or a portion of the Refunded
Bonds.
ADOPTED by the City Council of the City of Eden Prairie this 18" day of October, 2011.
'anc a s, ayor
ATTEST:
I
Kakfeen orta, City Clerk