77-68
,....
CITY OF CHANHASSEN
CARVER AND HENNEPIN COUNTIES, MINNESOTA
RESOLUTION
DATE:
November 28, 1977
RESOLUTION NO:
MOTION BY COUNCILMAN:
77-68
Waritz
SECONDED BY COUNCILMAN: Neveaux
RESOLUTION AWARDING THE BID FOR THE SALE OF $900,000 GENERAL OBLIGATION
IHPROVEMENT BONDS.
BE IT RESOLVED by the Council of the City of Chanhassen, Minnesota,
as follows:
1). It is hereby found, determined and declared that the lowest
two bids submitted by responsible lenders for the sale of $900,000
general obligation improvement bonds are as follows:
Banc Northwest
Dain, Kalman & Quail Inc.
$366,512.48
$371,877.50
4.8035%
4.8738%
" 2). The contract for the sale of the general obligation improvement
bonds is hereby awarded to the lowest bidder, Banc Northwest, and
the Clerk is hereby authorized and directed to return bid deposits
of all bidders except the lowest two bidders. The bid deposits of
the lowest tow bidders for each respective schedule shall be retained
pending the execution of contracts.
3). The Mayor and Manager are hereby authorized to enter into
contract with the low bidder, Banc Northwest, upon said bidder furnishing
a satisfactory corporate surety bond conditioned upon specifications
and otherwise as required by law.
Passed and adopted by the City Council of the City of Chanhassen,
Minnesota this 28th day of November, 1977.
ATTEST:
_._~--
L-:~~~~~v
Walter Hobbs, Mayor .
YES
Mayor Hobbs
NO
r- Councilman Neveaux
Councilma.nWaritz
Councilman Geving
Councilman Pearson ~ absent