VILLAGE OF NORTH HUDSON: Resolution 2012-07 - Sale of Bonds(Pub. July 12, 2012)
(Pub. July 12, 2012)
VILLAGE OF NORTH HUDSON
RESOLUTION NUMBER 2012-07
RESOLUTION PROVIDING FOR THE SALE OF $1,875,000 GENERAL OBLIGATION REFUNDING BONDS,
The Board of Trustees of the Village of North Hudson, Wisconsin, at a meeting held this 3rd day of July, 2012 hereby adopts the following resolution:
WHEREAS, the Board of Trustees (the “Village Board”) of the Village of North Hudson, Wisconsin (the “Village”), has heretofore determined that it is necessary and expedient to issue the Village's $1,875,000 General Obligation Refunding Bonds, Series 2012A (the "Bonds"), to refinance its $2,150,000 General Obligation Refunding Bonds, Series 2004A, and $620,010 State Trust Fund Loan of 2011; and
WHEREAS, the Village has retained Ehlers & Associates, Inc., in Roseville, Minnesota ("Ehlers"), as its independent financial advisor;
NOW, THEREFORE, BE IT RESOLVED by the Village Board of the Village of North Hudson, Wisconsin, as follows:
1. Authorization; Findings. The Village Board hereby authorizes Ehlers to solicit proposals for the sale of the Bonds.
2. Meeting; Proposal Opening. The Village Board shall meet at 7:00 pm on September 4, 2012, for the purpose of considering the proposals for and awarding the sale of the Bonds.
3. Official Statement. In connection with said sale, the officers or employees of the Village are hereby authorized to cooperate with Ehlers and participate in the preparation of an official statement for the Bonds and to execute and deliver it on behalf of the Village upon its completion.
Dated this 3rd day of July, 2012.
/s/ George Klein, Village President
Attest: Becky Milbrandt, Village Clerk
Village of North Hudson, Wisconsin