98-74 F. xltact 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 City Council of the City of
Chanhassen, Minnesota, was duly held in the City Hall in said City on Monday, August '3 ,' 1998
commencing at 7:00 o~clock P.M.
]~ne following mcmbam were present
Engel, Mason and Senn.
and the following were absent: None
Counciiman Mason moved adoption of the
RESOLUTION NO.
Mayor Mancino, Councii members Berquist,
following resolution:
98-74
RESOL~ON RATIFYING AND CONFn~IING
COUNCIL ACTION REI.&TING TO THE SAI.E
OF GENERAL OBLIGATION BONDS
BE 1T RESOLVED by the City Council of the City of C~ Minnesota (City)
1. At a duly called and regularly held special meeting on Monday, July 6, 1998,
the Council awarded the sale of the following bonds:
$1,225,000
General Obligation Tax Increment Bonds, Series 1998D
(the "Series 1998D Bonds'~)
$1,720,000
Gen~ Obligation Tax Increment Bonds, Series 1998E
(the "Series 1998E Bonds'~
$3,410,000
General Obligation Tax Increment Refunding Bonds, Series 1998F
(the "Series 1998F Bonds")
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$2,185,000
Taxable General Obligation Tax Increment Refunding Bonds, Series 19980
(the "Sexies 19980 Bonds")
(collectively, the Bonds)
2. The action taken by the City Council in awarding the sale of the Bonds is ratified
and confirmed in all respects.
The motion for the adoption of the foregoing resolution was duly seconded by l~mber
Berquist , and upon vot~ being taken tbemon, th~ following voted in favor thereof:
Mayor Mancino, Council members Engei, Berquist, and Mason.
and the following voted against the same: Counc±iman Senn.
whereupon on was dechred duly passed and adopted
Don Ashworth, r
'NEncy KC ~nciflo, Mbyor
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CH136-42