CC Minutes 1998 07 06SPECIAL CITY COUNCIL MINUTES
JULY 6, 1998
A special meeting of the Chanhassen City Council was called to order at 4:35 p.m. on Monday, July 6,
1998. The following members were present: Mayor Mancino, Councilmen Engel and Senn. Councilmen
Mason and Berquist were absent. Staff present included: Don Ashworth, Pam Snell, Todd Gerhardt, and
Financial Advisor Dave MacGillivrary.
AWARD OF SALE, 1998 BONDS, SERIES D, E, F & G: Dave MacGillivrary presented the bids
received for the 1998 Bond Sale, Series D, E, F & G.
A motion was made by Councilman Engel and seconded by Mayor Mancino to award the sale of the
following bond issues:
Resolution 98-64D: Awarding the Sale of $1,225,000 General Obligation Tax Increment Bonds,
Series 1998D; Fixing their form and specifications; directing their execution and delivery; and
providing for their payment.
Resolution 98-64E: Awarding the Sale of $1,720,000 General Obligation Tax Increment bonds,
Series 1998E; Fixing their form and specifications; directing their execution and delivery; and
providing for their payment.
Resolution 98-64F: Awarding the Sale of $3,410,000 General Obligation Tax Increment
Refunding Bonds, Series 1998F; Fixing their form and specifications; directing their execution and
delivery; providing for their payment; providing for the escrowing and investment of the proceeds
thereof; and providing for the redemption of bonds refunded thereby.
Resolution 98-64G: Awarding the Sale of $2,185,000 Taxable General Obligation Tax Increment
Refunding Bonds, Series 1998G; Fixing their form and specifications; directing their execution and
delivery; providing for their payment; providing for the escrowing and investment of the proceeds
thereof; and providing for the redemption of bonds refunded thereby.
The following voted in favor: Mayor Mancino and Councilman Engel. Councilman Senn voted no. The
motion carried.
A motion was made by Councilman Engel and seconded by Councilman Senn to adjourn the meeting at
5:30 p.m. All voted in favor and the motion carried.
The council then went into a work session to discuss the strategic plan.
Don Ashworth
City Manager