2016-47 EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE
CITY OF CHANHASSEN, MINNESOTA
HELD: June 27, 2016
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 June
27, 2016, at 7:00 p.m. for the purpose, in part, of authorizing the call of certain outstanding
General Obligation Improvement Refunding Bonds, Series 2009A.
The following members were present:
and the following were absent:
Member Tjornhom introduced the following resolution and moved its adoption:
RESOLUTION 2016-47 AUTHORIZING THE CALL OF THE OUTSTANDING
GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 2009A
WHEREAS,by Resolution duly adopted on May 11, 2009 (the "Resolution"), the City
issued$6,020,000 original principal amount of General Obligation Improvement Refunding
Bonds, Series 2009A, dated June 3, 2009 (the "Bonds"). The City has sufficient funds on hand
in the debt service account of the General Obligation Improvement Refunding Bonds, Series
2009A Fund(the "Debt Service Account")to call the remaining $590,000 outstanding principal
amount of the February 1, 2017 maturity of the Bonds on August 1, 2016, 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 August 1, 2016,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.
3. No further action shall be required of the City Council to complete prepayment of
the Bonds.
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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:
Laufenburger, Campion, McDonald, Ryan, and Tjornhom
and the following voted against the same: none
Whereupon the resolution was declared duly passed and adopted.
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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 Improvement Refunding Bonds, Series 2009A.
WITNESS my hand officially on June 27, 2016.
Xty Manager
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EXHIBIT A
NOTICE OF CALL FOR REDEMPTION
GENERAL OBLIGATION IMPROVEMENT REFUNDING BONDS, SERIES 2009A
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
August 1, 2016
those outstanding bonds of the City designated General Obligation Improvement Refunding
Bonds, Series 2009A, dated June 3, 2009, having a stated maturity date in the year 2017 and
totaling $590,000 in principal amount and having the CUSIP number listed below:
Year CUSIP Number*
2017 159105 7B5
The bonds are being called at a price of par plus accrued interest to August 1, 2016, 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: June 27, 2016.
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 number,nor is any
representation made as to its correctness indicated in the notice. It is included solely for the
convenience of the holder.
A-1
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