92-60 Extract of Minutes of Meeting of the
City Council of the City of Chanhassen,
Carver and Hennepin Counties, Minnesota
Pursuant to due call and notice thereof, a regular meeting of the Council of the
City of Chanhassen, Minnesota, was duly held in the City Hall in the City of
Chanhassen, on Monday , May 18 , 1992, commencing atT'30 p.m.
The following members were present: Chmiel, Dimler, Mason
and the following were absent: Wing, Workman
Member
adoption:
Dimler
introduced the following resolution and moved its
RESOLUTION NO. 92-60
RESOLUTION PROVIDING FOR THE PREPAYMENT AND
REDEMPTION OF CERTAIN OUTSTANDING
GENERAL OBLIGATION BONDS OF THE CITY
BE IT RESOLVED By the City Council of the City of Chanhassen, Carver and
Hennepin Counties, lVIinnesota, as follows:
1. The City has issued and sold its General Obligation Improvement Bonds
of 1983, dated May 1, 1983 (Bonds) in the total principal amount of $1,330,000.
Bonds maturing after August 1, 1992, are subject to redemption and prepayment on
that and on any interest payment date thereafter at a price of par plus accrued
interest.
2. It is determined that it is in the best interests of the sound financial
management of the City that Bonds maturing on August 1 in the years 1993 to and
including 1996, comprising all of the Bonds subject to redemption, 'be prepaid and
redeemed on August 1, 1992, and those Bonds are hereby called for redemption on
that date.
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3. The City Manager is authorized and directed to publish, in accordance
with law, a notice of call for redemption of the Bonds in the form attached hereto as
Exhibit A and to mail a copy of the notice to the paying agent for the Bonds and to
the original purchaser of the Bonds.
The motion for the adoption of the foregoing resolution was duly seconded by
Member Mason
, and upon vote being taken thereon, the following voted in
favor thereof:
Chmiel, Mason, Dimler
and the following voted against: None
whereupon said resolution was declared duly passed and adopted.
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STATE OF MINNESOTA
COUNTIES OF CARVER
AND HENNE?IN
CITY OF CHANHASSEN
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I, the undersigned, being the duly qualified and acting City Manager of the
City of Chanhassen, Minnesota, do hereby certify that I have carefully compared the
attached and foregoing extract of minutes of a regular meeting of the City Council
held on Monday , Ma'y 18 , 1992, with the original thereof on file in
my office and the same is a full, true and complete transcript therefrom insofar as
the same relates to the prepayment and redemption of $1,330,000 General Obligation
Improvement Bonds of 1983, of the City.
WITNESS My hand as City Manager and the corporate seal of the City this 17t h
day of d u n e 1992
City Manager
City of Chanhassen, Minnesota
(SEAL)
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