2014-49EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE
CITY OF CHANHASSEN, MINNESOTA
HELD July 28, 2014
Pursuant to due call and notice thereof, a regular meeting of the City Council of the City
of Chanhassen, Carver and Hennepin Counties, Minnesota, was duly held at City Hall on
July 28, 2014, at 7 00 p.m. for the purpose, in part, of authorizing the call of certain outstanding
General Obligation Water Revenue Bonds, Series 2004B
The following members were present: Mayor Furlong, Council members Ernst,
Laufenburger, McDonald, and Tjornhom
and the following were absent. None
Member Ernst introduced the following resolution and moved its adoption.
RESOLUTION 2014 -49 AUTHORIZING THE CALL OF THE OUTSTANDING
GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 2004B
WHEREAS, by Resolution duly adopted on July 12, 2004 (the "Resolution "), the City
issued $7,930,000 original principal amount of General Obligation Water Revenue Bonds, Series
2004B, dated August 10, 2004 (the "Bonds ") The City has sufficient funds on hand in the debt
service account of the General Obligation Water Revenue Bonds, Series 2004B Fund (the "Debt
Service Account ") to call the outstanding Bonds which are the February 1, 2015 through 2018
maturities and are in the principal amount of $1,575,000 (the "Outstanding Bonds ") on
September 3, 2014, at a price of par plus accrued interest.
NOW, THEREFORE, be it resolved by the City Council of the City of Chanhassen,
Minnesota, as follows
1 The City Council hereby determines that there exists sufficient funds in the Debt
Service Account to prepay on September 3, 2014, the Outstanding Bonds and the interest due
thereon.
2. Bond Trust Services Corporation, in Roseville, Minnesota, is hereby authorized
and directed to cause the Notice of Call for Redemption attached hereto as Exhibit A to be given
in accordance with the provisions of the Resolution.
No further action shall be required of the City Council to complete prepayment of
the Bonds.
6358048v1
The motion for the adoption of the foregoing resolution was duly seconded by Member
McDonald and upon vote being taken thereon, the following voted in favor thereof. Mayor
Furlong, Council members Ernst, Laufenburger, McDonald, and Tjornhom
and the following voted against the same None
Whereupon the resolution was declared duly passed and adopted.
2
6358048v1
STATE OF MINNESOTA
COUNTIES OF CARVER AND HENNEPIN
CITY OF CHANHASSEN
I, the undersigned, being the duly qualified and acting Manager of the City of
Chanhassen, Minnesota, DO HEREBY CERTIFY that I have carefully compared the attached
and foregoing extract of minutes with the original thereof on file in my office, and that the same
is a full, true and complete transcript of the minutes of a meeting of the City Council duly called
and held on the date therein indicated, insofar as such minutes relate to authorizing the call of the
outstanding General Obligation Water Revenue Bonds, Series 2004B
WITNESS my hand officially on July 28, 2014
ity Manager
3
6358048v1
EXHIBIT A
NOTICE OF CALL FOR REDEMPTION
GENERAL OBLIGATION WATER REVENUE BONDS, SERIES 2004B
CITY OF CHANHASSEN, CARVER AND HENNEPIN COUNTIES, MINNESOTA
NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Chanhassen,
Carver and Hennepin Counties, Minnesota, there have been called for redemption and
prepayment on
September 3, 2014
those outstanding bonds of the City designated General Obligation Water Revenue Bonds, Series
2004B, dated August 10, 2004, having a stated maturity dates in the years 2015 through 2018
and totaling $1,575,000 in principal amount and having CUSIP numbers listed below-
Year CUSIP Number*
2015
159105 3146
2016
159105 3J2
2017
159105 3K9
2018
1591053L7
The bonds are being called at a price of par plus accrued interest to September 3, 2014, on which
date all interest on the bonds will cease to accrue. Holders of the bonds hereby called for
redemption are requested to present their bonds for payment at Bond Trust Services Corporation,
in Roseville, Minnesota.
Dated. July 28, 2014
BY ORDER OF THE CITY COUNCIL
CITY OF CHANHASSEN, MINNESOTA
/s/ Todd Gerhardt, City Manager
The City shall not be responsible for the selection of or use of the CUSIP numbers, nor is any
representation made as to their correctness indicated in the notice. They are included solely
for the convenience of the holder
A -1
6358048v1