2015-51EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF CHANHASSEN, MINNESOTA
HELD: August 10, 2015
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 held at the City Hall in said City
on the 10t" day of August, 2015, at 7:00 o'clock P.M.
The following members were present: Mayor Laufenburger, Council Members Campion,
McDonald, Ryan and Tj ornhom,
and the following were absent: None.
Member Tjornhom introduced the following resolution and moved its adoption:
RESOLUTION CALLING FOR REDEMPTION
OF CERTAIN OUTSTANDING BONDS
RESOLUTION 2015-51
A. WHEREAS, the City Council of the City of Chanhassen, Minnesota (the "City")
issued its $1,170,000 Taxable General Obligation Tax Increment Refunding Bonds, Series 2004C,
dated August 10, 2004 (the "Bonds"), of which $560,000 remains outstanding; and
B. WHEREAS, the Bonds maturing in the years 2014 and thereafter, are subject to
redemption and prepayment at the option of the City on February 1, 2013, and on any date
thereafter, at price of par plus accrued interest, all as provided in the resolution of the City Council,
dated July 12, 2004, authorizing the issuance of the Bonds (the "Prior Resolution"); and
C. WHEREAS, the City Council deems it desirable and in the best interests of the City
to call the 2016 through 2021 maturities of the Bond, inclusive, totaling $560,000 in principal
amount, on September 15, 2015, in accordance with the Prior Resolution.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chanhassen,
Minnesota, as follows:
1. Bonds to be Redeemed. All of the Bonds maturing, or subject to mandatory
redemption, in the years 2016 through 2021, inclusive, shall be redeemed and prepaid on
September 15, 2015 at par and accrued interest for each such Bond called.
2. Mailing of Notice of Call. The City Manager shall cause the Notice of Call for
Redemption attached hereto as Exhibit A to be mailed prior to September 15, 2015, the date for
call, to the paying agent where the Bonds are payable and to all registered holders of the Bonds.
7183282v2
3. Deposit of Sufficient Funds. The City Manager is hereby authorized and directed
to deposit with the paying agent where the Bonds are payable prior to said call date sufficient funds
to pay the principal and interest due on the Bonds called for redemption as of the call date.
The motion for the adoption of the foregoing resolution was duly seconded by member
McDonald and upon a vote being taken thereon, the following voted in favor thereof: Mayor
Laufenburger, Council Members Campion, McDonald, Ryan and Tj ornhom,
and the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted.
Td Gerhardt, City Manager
2
7183282v2
Denny Lauf burger, Vayor
STATE OF MINNESOTA
COUNTIES OF CARVER AND HENNEPIN
CITY OF CHANHASSEN
I, the undersigned, being the duly qualified and acting City Manager of the City of
Chanhassen, Minnesota, DO HEREBY CERTIFY that I have carefully compared the attached and
foregoing extract of minutes of the City Council of the City of Chanhassen held on the date therein
indicated, with the original thereof on file in my office, and the same is a full, true and complete
transcript therefrom insofar as the same relates to preparation and mailing of notice of call and
calling for the redemption of Bonds.
WITNESS my hand as such City Manager this 10th day of August, 2015.
T d Gerhardt, City Manager
3
7183282x2
Exhibit A
NOTICE OF CALL FOR REDEMPTION
TAXABLE GENERAL OBLIGATION TAX INCREMENT
REFUNDING BONDS, SERIES 2004C
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, or are subject to
mandatory redemption, and prepayment on:
September 15, 2015
those outstanding bonds of the City designated as Taxable General Obligation Tax Increment
Refunding Bonds, Series 2004C, dated August 10, 2004, having stated maturity dates in the years
2017 through 2021, inclusive, and totaling $560,000 in principal amount.
Year CUSIP Number*
2017
159105 4F9
2019
159105 4H5
2021
159105 4K8
The bonds are being called at a price of par plus accrued interest to September 15, 2015, 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,
3060 Centre Pointe Drive, Roseville, Minnesota, 55113, on or before September 15, 2015.
Dated: August 10, 2015
BY ORDER OF THE CITY COUNCIL
/s/ Todd Gerhardt
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 holders.
IM I
7183282x2