1983 07 20
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CITY COUNCIL MINUTES - July 20, 1983
A special meeting of the Chanhassen City Council was called to
order by Acting Mayor Geving at 7:30 p.m. on July 20, 1983. The
following members were present: Acting Mayor Geving,
Councilmembers Swenson and Watson. Mayor Hamilton and
Councilmember Horn were absent. Don Ashworth, City Manager; Andy
Merry, Juran and Moody; and Bob Voto, DeLaHunt Voto and Company
were also present.
1983 BOND SALE: Andy Merry presented bids received on the
$5,184,620.60 General Obligation Refunding Tax Increment Bonds of
1983 and the $4,320,000 General Obligation Refunding Improvement
Bonds of 1983. Mr. Merry recommended approval.
RESOLUTION 83-34: Councilmember Swenson moved the adoption of a
resolution Awarding the Sale of $5,184,620.60 General Obligation
Refunding Tax Increment Bonds of 1983 to Newman and Associates of
Denver, Colorado at a net interest rate of 9.3223%. Resolution
seconded by Councilmember Watson. The following voted in favor:
Acting Mayor Geving, Councilmembers Swenson and Watson. No nega-
tive votes. Motion carried.
RESOLUTION 83-35: Councilmember Watson moved the adoption of a
resolution Awarding the Sale of $4,320,000 General Obligation
Refunding Improvement Bonds of 1983 to Norwest Securities of
Minneapolis, Minnesota at a net interest rate of 8.4898%.
Resolution seconded by Councilmember Swenson. The following
voted in favor: Acting Mayor Geving, Councilmembers Swenson and
Watson. No negative votes. Motion carried.
A motion was made by Councilmember Swenson and seconded by
Councilmember Watson to adjourn the meeting at 8:30 p.m. The
following voted in favor: Acting Mayor Geving, Councilmembers
Swenson and Watson. No negative votes. Motion carried.
Don Ashworth
City Manager