3 Equipment Bond Sale CITYOF
7700 Market Boulevard
PO Box 147
Chanhassen, MN 55317
Administration
Phone: 952.227.1100
Fax: 952.227.1110
Building Inspections
Phone: 952.227.1180
Fax: 952.227.1190
Engineering
Phone: 952.227.1160
Fax: 952.227.1170
Finance
Phone: 952.227.1140
Fax: 952.227.1110
Park & Recreation
Phone: 952.227.1120
Fax: 952.227.1110
Recreation Center
2310 Coulter Boulevard
Phone: 952.227.1400
Fax: 952.227.1404
Planning &
Natural Resources
Phone: 952.227.1130
Fax: 952.227.11 t 0
Public Works
1591 Park Road
Phone: 952.227.1300
Fax: 952.227.1310
Senior Center
Phone: 952.227.1125
Fax: 952.227.1110
Web Site
www. ci.chanhassen.mn.us
MEMORANDUM
TO:
FROM:
DATE:
SUBJECT:
Mayor
City Council
Bruce M. DcJong, Finance Director~t
July 7, 2003
Equipment Certificates Bond Sale, Series 2003A
In April the City Council authorized staff to work with Ehlers to issue bonds for
various equipment needs. Ehlers & Associates will perform the bond sale on July
14 and will be presenting the results at the Council meeting that evening. Mark
Ruff from Ehlers will present complete information regarding the bidders and
interest rates at the Council Meeting. The City Council will then be asked to
accept the bids after that presentation..
Because of the small amount of the issue, Standard and Poor's will not be
reviewing our credit rating. These bonds will be issued without a rating, but
Ehlers believes that should not affect the interest rates that we receive.
The City of Chanhassen · A growing community with clean lakes, quality schools, a charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play.