87-112
l) . ;
, \'
..
(
e
EXTRACT OF MINUTES OF A MEETING 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 at the City Hall in
said City on Monday, October 19, 1987, commencing at 7:30 o'clock p.m.
The following members were present: Mayor Hamilton, Councilmanbers
Horn, Geving, Johnson and Boyt.
and the following were absent: None
***
***
***
e
The following resolution was presented by Councilmember
Geving
who
moved its adoption:
RESOLUTION NO. 87-112
RESOLUTION RELATING TO CERTAIN LOST
BOND COUPONS: AUTHORIZING THE
ISSUANCE OF DUPLICATE COUPONS
BE IT RESOLVED By the City Council of the City of Chanhassen, Carver and
Hennepin Counties, Minnesota (City), as follows:
1. The City has heretofore issued and sold its General Obligation
Tax Increment Bonds of 1981, Series A, dated August 1, 1981 (Bonds).
2. The City has been informed by Norwest Bank Minneapolis, National
Association, paying agent, that certain coupons appertaining to one or
more of the Bonds have been lost and that after diligent search the
coupons cannot be found.
3.
Norwest Bank Minneapoli.3 has submitted a request on behalf of the
owner of the coupons that duplicate coupons be issued, has further
supplied the City with satisfactory evidence that the coupons have in
fact been lost and has supplied the City with sufficient indemnifica-
tion insuring that the City will suffer no loss in the event the lost
coupons are presented for payment.
e
e
e
e
)
"
v
4.
The City is authorized by Minnesota Statutes, Section 475.70 to issue
duplicate coupons where satisfactory evidence of loss and indemnifica-
tion is supplied. The City shall therefore issue duplicate coupons
for the following coupons:
Bond Issue: General Obligation Tax Increment Bonds of 1981,
Series A
Date of Bonds: August 1, 1981
Interest Rate: 11.50%
Bond No.: 85 through 89
Amount of Coupon: $287.50 each
Due date of Coupon: August 1, 1987
Coupon No. 11
The coupons shall be typewritten in substantially the following form
attached hereto as Exhibit A. The coupons shall be executed by the
original or facsimile signatures of the Mayor and City Manager.
5. The Treasurer is authorized and directed to prepare the coupons in
accordance with law and to deliver them to Norwest Bank Minneapolis as
paying agent, upon payment to the City by the owner thereof or on his
or her behalf of all costs of the City, its officers, agents and
employees in connection therewith.
The motion for the adoption of the foregoing resolution was duly seconded
by Member
Johnson ,and upon vote being taken thereon, the following voted
in favor thereof:
Mayor Hamilton, councilmernbers Boyt, Jolmson, Horn and
Geving.
and the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted.
e
e
e
DUPLICATE
No. 11
EXHIBIT A
$287.50
On the First day of August 1987, the City of Chanhassen, Carver and
Hennepin Counties, Minnesota will pay to bearer at Norwest Bank Minneapolis,
National Association, the amount shown hereon for interest then due on its
General Obligation Tax Increment Bonds of 1981, Series A, dated August 1, 1981,
No.
"2
City Manager
DUPLICATE
..
...
e STATE OF MINNESOTA )
)
COUNTIES OF CARVER ) SS
AND HENNEPIN )
)
CITY OF CHANHASSEN )
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, October 19, 1987, 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 issuance of certain duplicate bond coupons of the
City.
WITNESS My hand as such Ci ty Manager and the corporate seal of the Ci ty
e
this 19th day of
October, 1987.
,,/ \
d2
D~
, \ \ (SEAL)
City Manager
City of Chanhassen, Minnesota
!"1I1'
C7:0511RE87.F54
e