78-27
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C$ERr1'IFICATION OF IUNUTES HF.LA'rING '1'0
. 2,390,000. REFUNDING IMPROVEMENT BONDS
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Issuer: City of Chanhassen, Minnesota
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c~verning Body: City Council
Kind, date, time and place of meetinq: A regular meeting held
on Monday, June 5, 1978, at 8:00o'clock P.M., at the City Hall.
Hembers present: Mayor Hobbs, Councilmen Richard Pearson,
Dale Geving, Nick Waritz and John Neveaux.
!.lembers absent: None
Documents Attached:
Minutes of said meeting (pages):
RESOLUTION NO.
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RESOLUTION AWARDING SALE OF $ 2,390,000.00
REFUNDING IMPROVEMENT BONDS
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I, the undersigned, being the duly qualified and acting
recording officer of the public corporation issuing the bonds re-
ferred to in the title of this certificate, certify that the docu~
ments attached hereto, as described above, have .been carefully
compared with the original ~ecords of said corporation in my legal
custody, from which they have been transcribed; that said documents
are a correct and complete transcript of the mInutes of a meeting
of the governing body of said corporation, and correct and complete
copies of all resolutions and other actions taken and of all docu-
ments approved by the governing body at said meeting, so far as
they relate to said bonds; and that said meeting was duly held by
the governing body at the time and place and was attended through-
out by the members indicated above, pursuant to call and notice of
such meeting given as required by law.
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WITNESS my hand officially as such recording officer this
day of June , 197.Q8. .
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signa ure
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Donald W. Ashworth, City Manager
Name and rri tIe
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The City Manager presented to the Council the form
of Official Statement and affidavits of publication of the Official
Notice of Sale for $2,390,000 Refunding Improvement Bonds. Said
materials were examined, found satisfactory, and directed to be
placed on file in the office of the Manager.
The Manager then reported that sealed bids had
been received at the offices of Juran & Moody, Inc. up to the
time specified in said Notice (11:00 A.M., C.D.T., June 5, 1978),
and that at said time all bids had been opened and publicly read
and found to be as follows:
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Councilmember
then introduced the
Neveaux
following resolution and moved its adoption:
'7(-;. 7
RESOLUTION NO. 78-2~
RESOLUTION AWARDING SALE OF $2,390,000.00
REFUNDING IMPROVEMENT BONDS
BE IT RESOLVED by the City Council of the City of
Chanhassen, Minnesota, that the actions of the City Manager
and Juran & Moody, Inc. in preparing materials and soliciting
bids for the purchase of $2,390,000 Refunding Improvement Bonds
of the City are hereby approved and ratified.
BE IT FURTHER RESOLVED that the Refunding Improvement
Bonds, in the principal amount of $2,390,000.00, be and the same
are hereby sold to First National Bank of Minneapolis
, of Minneapolis, Minnesota, and associates, in
accordance with their proposal to purchase the same at a price
of $ 2,390,454.10 and accrued interest, upon the terms and con-
ditions set forth in the Official Notice of Bond Sale.
BE IT FURTHER RESOLVED that the check furnished as
security for said proposal be retained by the City Manager until
payment of the purchase price and delivery of the bonds, and
that the checks of other bidders be returned to them forthwith.
Attest:
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~. .. Mayor
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Clty Manager
The motion for the adoption of the foregoing resolution
was duly seconded by Councilmember Pearson
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upon vote being taken thereon, the following voted in favor thereof:
Mayor Hobbs, Councilmen Pearson, Neveaux, Waritz and Geving.
and the following voted against the same: None
whereupon said resolution was declared duly passed and adopted.