3 2001 Bond Sale 690 City Center Drive
PO Box I47
ghanhassen, Minnesota 55317
Phone
952.937.1900
G~,~d Fax
952.937. 5739
~gineering Department Fax
952.937.9152
Building Department Fax
952.934.2524
Web Site
www. ci. cha nhassen, mn. tis
MEMORANDUM
TO:
FROM:
DATE:
Mayor
City Council
Bruce M. DeJong, Finance Direct~ '~~~__~
June 21, 2001
SUBJECT: 2001 Bond Sale
Resolution Awarding the Sale of $1,645,000 General Obligation
Sewer and Water Revenue Bonds, Series 200lA and $64,000
General Obligation Improvement Bonds, Series 200 lB
In May, the City Council authorized staff to issue bonds for various public
improvements. Ehlers & Associates will perform the bond sale on June 25 and
will be presenting the results at the Council meeting that evening. Mark Ruff
form Ehlers will present complete information regarding the interest rates and
bidders at the work session. The City Council will then be asked to accept the
bids at the meeting that evening..
~
Standard and Poor's is reviewing the city' s credit rating on Thursday, and staff
believes it will remain the same at an A- with a positive outlook.