76-07
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RESOLUTION # 76-07
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CITY OF CHANHASSEN
CARVER AND HENNPIN COUNTIES, MINNESOTA
RESOLUTION PROVDING FOR ISSUANCE AND PUBLIC SALE OF $2,400,000
IMPROVMENT BONDS OF 1976.
Councilman Kurvers moved the adoption of the Following resolution:
BE IT RESOLVED BY THE City Council of the City of Chanhassen,
Minnesota, as follows:
1. This Council has heretofore ordered the local improvments
designated below to be constructed in the City, and has contracted
or will contract for the construction of each of said improvments,
under and pursuant to Minnesota Statutues, Chapter 429, the
designation and estimated total cost of each of said improvements
being as follows:
Project Project
Numbe r Description
74-lA Highway 5-101 Storm Sewer
"....., 75-2 Carver Beach Sewer and Water
75-3 Greenwood Shores
75-4 Frontier Trail Street
75-8 Laredo Lane Sewer and Water
Amount
130,041.
1,249,803.
432,459.
39,215.
51,471.
Total Construction:
1,902,989.
Engineering, Legal, Fiscal, Administrative
and Contingencies:
346,320.
Capitalized Interest and Discount:
141,806.
1975-5 Schmid's Water Main (Net after prepaid
assessments)
8,885.
TOTAL ISSUE
$2,400,000.
It is hereby determined that it is necessary for the City to issue
and sell its Improvement Bonds of 1976 to finance said improvments in
the principal amount of $2,400,000., $42,400 of said issue representing
interest as provided in Minnesota Statutes, Section 475.56.
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2. This Council shall meet at the time and place set forth
" in the form of notice hereinafter prescribed for the purpose of
receiving bids for the purchase of said bonds. The City Clerk is
hereby authorized and directed to cause a public notice of the time,
place and purpose of the meeting to be published once not less than
ten days before the date of meeting in the official newspaper of
the City and in Commercial West, published in Minneapolis, Minnesota,
which notice shall be in substantially the following form~
3. The following official Notice of Sale shall constitute
the terms and conditions for the sale and issuance of the bonds,
and the bond consultants for the City are hereby authorized and
directed to cause the terms and conditions to be incorporated in
material distributed to prospective bidders for the bonds.
Councilman Shulstad seconded the motion.
Passed and adopted by the Council of the City of Chanhassen
this 19th day of January, 1976.
ATTEST:
,...
A~d(/;?/( ~L~e~
CLERK-ADMINISTRATOR
q/ ~R~~
YES
NO
Mayor Klingelhutz
Councilman Hobbs
Councilman Shulstad
Councilman Kurvers
Councilman Neveaux
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