HomeMy WebLinkAboutResolution - 2012-128 - $10,550,000 General Series 2012C Bonds - 09/18/2012 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2012-128
$10,550,000 GENERAL OBLIGATION PERMANENT
IMPROVEMENT REVOLVING FUND BONDS, SERIES 2012C
BE IT RESOLVED by the City Council of the City of Eden Prairie, 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 Permanent Improvement Revolving Fund Bonds, Series 2012C, in the
principal amount of approximately $10,550,000 (the "Bonds"), pursuant to Minnesota Statutes,
Chapters 429 and 475, to provide funds to be used to finance certain public improvements.
SECTION 2. SALE. Northland Securities, Inc. is hereby authorized, pursuant to Minnesota
Statutes, Section 475.60, Subdivision 2, paragraph (9), to solicit proposals for the Bonds on
behalf of the City on a competitive basis without requirement of published notice. The Council
shall meet at the time and place shown in the Notice of Sale prepared for the Bonds for the
purpose of considering 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 City Council of the City of Eden Prairie this 180'day of September, 2012.
N cy a-L e ay
ATTEST:
thleen Porta, City Clerk