1967 12 18CHANHASSEN VILLAGE COUNCIL MEETING DECEMBER 18, 1967
The Chanhassen Village Council met in special meeting on December 18,
1967, at 8:00 P.M. The following members were present: Mayor Coulter,
Councilmen Bennyhoff, Pearson, and Klingelhutz. Councilman Hill was
absent.
BID OPENING FOR THE $35,000 BOND ISSUE:
The following General Obligation Municipal Building Bonds were opened
at 8:00 P.M.
Total Net
Int. Cost Net Rate
Juran and Moody 15,247.05 5.0696%
Piper, Jaffray & Hopwood 15,539.75 5.1669%
First National Bank of St. Paul 14,388.25 4.78412%
Councilman Pearson moves that the Village adopt the following Resolution:
Resolution awarding sale of $35,000 Municipal Building Bonds to First
National Bank of St. Paul for the net rate of 4.78412%. Resolution
seconded by Councilman Bennyhoff and unanimously approved.
Councilman Bennyhoff then introduced -the following resolution and
moved its adoption: Resolution authorizing the issuance, fixing the
form and details and providing for the execution and delivery of
$35,000 Municipal Building Bonds. Resolution seconded by Councilman
Pearson and unanimously approved.
PARK AND RECREATION: Councilman Pearson moved that the Park and
Recreation Commission be authorized to spend any reasonable amount up
to $100.00 on an individual item without Council approval and further
noting that all such expenditures to come out of their budget. Motion
seconded by Councilman Bennyhoff and unanimously approved.
MUNICIPAL BUILDING: Councilman Pearson moved the adoption of the
foregoing resolution: Resolved that $6,920.77, check #101 be paid to
Johnson & Peterson, Inc. on a warrant. Motion seconded by Councilman
Bennyhoff and unanimously approved.
INSURANCE BIDS: On a motion made by Councilman Klingelhutz and
seconded by Councilman Pearson that the Insurance Bids be continued
as follows: Open on January 26, 1968, and considered at the
February 5, 1968 Council meeting. Motion unanimously approved.
On a motion made by Councilman Pearson and seconded by Councilman
Bennyhoff the meeting adjourned.
TIME: 8:45 P.M.
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