My WebLink
|
Help
|
About
|
Sign Out
Home
2001.07.16 RESO 2001-0032
Hugo
>
City Council
>
City Council Resolutions
>
2001 CC Resolutions
>
2001.07.16 RESO 2001-0032
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/26/2017 2:04:02 PM
Creation date
1/14/2015 8:47:02 AM
Metadata
Fields
Template:
City Council
Document Type
Resolutions
Meeting Date
7/16/2001
Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
Page 1 of 1
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
RESOLUTION NO. 2001-32 <br />Resolution Providing for the Sale of <br />$1,870,000 Public Project Revenue Bonds <br />BE IT RESOLVED by the City Council (the "City Council") of the City of Hugo, Minnesota (the <br />"City") as follows: <br />1. Background <br />1.1. The City Council of the Hugo, Minnesota, has heretofore determined that it is necessary and <br />expedient to issue $1,870,000 Public Project Revenue Bonds, Series 2001A (the "Bonds"), to <br />finance a portion of the construction of the new City Hall. <br />1.2. The Bonds will issued by the Hugo Economic Development Authority (the "Authority"), The <br />City and the Authority will enter into a lease purchase agreement for the Project. <br />1.3. The City has designated Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its <br />independent financial advisor and is therefore authorized to solicit proposals in accordance with <br />Minnesota Statutes, Section 475.60, Subdivision 2(9). <br />2. Action <br />2.1. Authorization, Findings. The City hereby authorizes Ehlers to solicit proposals for the sale of. <br />the Bonds. <br />2.2. Meeting: Proposal Opening. The City Council shall meet at the time and place to be specified <br />in the Terms of Proposal for the purpose of ratifying Authority action on the sale of the bonds <br />and approving the lease and other agreements for the Project. <br />2.3. Terms of Proposal. The terns and conditions of the Bonds and the sale thereof are fully set <br />forth in the Bond Sale Report and are hereby approved and made a part hereof. <br />2.4. Official Statement. In connection with said sale, the officers or employees of the City are <br />hereby authorized to cooperate with Ehlers and participate in the preparation of an official <br />statement for the Bonds and to execute and deliver it on behalf of the upon its completion. <br />Adopted this 16th day of July, 2001. <br />��y <br />Clerk <br />
The URL can be used to link to this page
Your browser does not support the video tag.