HomeMy WebLinkAbout2000-172 CCRits adoption:
Member Debra Hi is trom introduced the following resolution and moved
"'RESOLUTION NO. 2000-172
RESOLUTION PROVIDING FOR THE COMPETITIVE NEGOTIATED SALE OF
$735,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 2000A
WHEREAS, the City Council of the City of Brooklyn Center, Minnesota, has
heretofore determined that it is necessary and expedient to issue its $735,000 General
Obligation Improvement Bonds, Series 2000A (the "Bonds") to finance various
improvements in the City; and
WHEREAS, the City has retained Springsted Incorporated, in Saint Paul,- Minnesota
Springsted"), as its independent financial advisor and is therefore authorized-to sell these
obligations by a competitive negotiated sale in accordance with Minnesota Statutes, Section
475.60, Subdivision 2(9); and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center, Minnesota, as follows:
i. Authorization,: Findings. The City Council hereby authorizes
Springsted to solicit bids for the competitive negotiated sale of the Bonds.
ii. MeetinLy: Bid OWnigg. This City Council shall meet at the time and
place specified in the Terms of Proposal attached hereto as Exhibit A for the
purpose of considering sealed bids for, and awarding the sale of, the Bonds.
The Manager, or his designee, shall open bids at the time and place specified
in such Terms of Proposal.
Terms of Proposal. The terms and conditions of the Bonds and the
negotiation thereof are fully set forth in the "Terms of Proposal attached
hereto as Exhibit A. are hereby approved and made a: part hereof.
iv., Official Statement. In connection with said competitive negotiated
sale, the Manager and other officers or employees of the City are hereby
authorized to cooperate with Springsted and participate in the preparation of
an official statement for the Bonds, and to execute and deliver it on behalf of
the City upon its completion.
October 23, 2000
Date
ATTEST: ~11 t~
City Clerk
U Mayor U
The motion for the adoption of the foregoing resolution was duly seconded by member
Ed Nelson
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Debra Hilstrom, Kay Lasman, Ed Nelson, and Robert Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.