83-15
..,.-
Councilmember
e
Horn
then moved the adoption of the
following resolution:
IS-
RESOLUTION NO. 83-~
RESOLUTION DECLRING RECEIPT OF NO BIDS
FOR VARIOUS GENERAL OBLIGATION BONDS;
AUTHORIZING THE NEGOTIATION OF THEIR SALE.
BE IT RESOLVED By the City Council of the City of Chanhassen as
follows:
1. The City has duly authorized for sale its $11,085,000
General Obligation Bonds of 1983 (Bonds).
2. The City Manager has reported that at the time and place
specified in the Official Notice of Sale for the receipt of bids for
the Bonds, no bids were received.
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3. The City is authorized by Minnesota Statutes, Section
475.60, Subdivision 3, to award the Bonds to any person who within 30
days after the proposed sale date presents an offer complying with the
terms of sale and deemed more favorable than any bid received
previously.
4. The City Manager and Juran & Moody, Inc., financial advisers
to the City, are authorized and directed to contact prospective pur-
chasers of the Bonds and any of them and to report any such proposals
to the Council as promptly as possible.
The motion for the adoption of the foregoing resolution was
duly seconded by Councilmember
Watson
, and upon vote
being taken thereon, the following voted in favor thereof:
Acting
Mayor Swenson, Councilman Horn, Councilwoman Swenson.
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 HENNEPIN ) SS.
)
CITY OF CHANHASSEN )
I, the undersigned, being the duly qualified and acting
Clerk of the City of Chanhassen, Minnesota, do hereby certify that I
have carefully compared the attached and foregoing extract of minutes
of a special meeting of the City Council held on Tuesday, April 26,
1983, with the original thereof on file in my office and I further
certify that the same is a full, true and complete transcript there-
from insofar as the same relates to the issuance and sale of the
City's various General Obligation Improvement Bonds of 1983.
WITNESS My hand as Manager and the corporate seal of the
City this
20th
1983.
May
day of
ill Cn:.1iJ
City Manager
City of Chanhassen, Minnesota
(SEAL)