1970 01 20
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CaANHASSEN VILLAGE COUNCIL MEETING ~ January 20, 1970
The Special Chanhassen Village Council meeting started at
B:OO p.m. The following were present: Acting Mayor Klingelhutz,
Councilmen Bennyhoff and Pearson; The Village Attorney, Russell
Larson, and fiscal agents, Mr. Springsted and Mr. Nolte. Mayor
Coulter and Councilmen Hill were absent.
The following bids were submitted:
re: $90,000.00 General Obligation Revenue Bonds of 1970
NAME OF FIRM
NET INTEREST RATE
NET INTEREST DOLLAR COST
Dain, Kalman & Quail, Inc.
First National Bank of St. Paul
$44,709.00
$44,608.00
6.6235
6.608
re: $305,000.00 General Obligation Park and Fire Equipment Bonds
of 1970.
NAME OF FIRM NET INTEREST DOLLAR COST NET INTEREST RATE
Dain, Kalman & Quail, Inc. $94,575.U¡ 6.4118
First National Bank of St. Paul $94,397.50 6.3998
re: $145,000.00 Temporary Improvement Bonds of 1970
NAME OF FIRM NET INi1EREST DOLLAR COST NET INTEREST RATE
Dain, Kalman & Quail, Inc. $27,600.75 6.3450
First National Bank of St. Paul $27,521.00 6.3266
Robert S.C. Peterson $27,970.50 6.4300
A motion was made by Councilman Pearson and seconded by Councilman
Bennyhoff to approve the low bid on the $90,000.00 General Obligation
Revenue Bond of 1970; At a net interest dollar cost of $44,608.00
and a net interest of 6.608. The following voted in favor thereof:
Acting Mayor Klingelhutz, Councilmen Bennyhoff and Pearson. No
negative votes. Motion carried.
A motion was made by Councilman Pearson and seconded by Councilmen
Bennyhoff to approve the low bid on the $305,000.00 General Obligation
Park and Fire Equipment Bonds of 1970; At a net interest dollar cost
of $94,397.50 and a net interest of 6.3998. The following voted in
favor thereof: Acting Mayor Klingelhutz, Councilmen Bennyhoff and
Pearson. No negative votes. Motion carried.
A motion was made by Acting Mayor Klingelhutz and seconded by
Councilman Pearson to approve the low bid on the $145,000.00 Temporary
Improvement Bond of 1970; At a net interest dollar cost of $27,521.00
and a net interest of 6.3266. The following voted in favor thereof:
Acting Mayor Coulter, Councilmen Bennyhoff and Pearson. No negative
votes. Motion carried.
A motion was made by Councilman Bennyhoff and seconded by Councilman,
Pearson to adjourn. Mõtion carried.
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~IME; 8:45 ~
A,DOLPH TESSNESS
Ç~E~K-AD~¡N¡STRA,~O~