5 2006 G.O. Improvement Bonds
5
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CITY OF
CHANHASSEN
MEMORANDUM
Administration
Phone 9522271100
Fax 9522271110
TO: Mayor and City Council
FROM: Greg Sticha, Finance Director ft~,
DATE: May 16,2006 O~
SUBJ: A ward of Bid 2006 Bonds
7700 Market Boulevard
PO Box 147
Chanhassen, MN 55317
Building Inspections
Phone 9522271180
Fax: 9522271190
BACKGROUND
Engineering
Phone 9522271160
Fax 9522271170
At the May 8, 2006 meeting, the City Council authorized staff to issue General
Obligation Improvement Bonds related to the development of the 2005 MUSA
area.
Finance
Phone 9522271140
Fax 9522271110
Park & Recreation
Phone: 9522271120
Fax 952.227 1110
Ehlers & Associates will perform the bond sale on May 23, 2006, and will
present complete mformation regarding the bIdders and interest rates at that
council meeting. The CIty Council will then be asked to accept the bIds after the
presentation.
Recreation Center
2310 Coulter Boulevard
Phone: 952.2271400
Fax 952.2271404
Standard and Poor's will be reviewing our current credit rating of AA- dunng
the week.
RECOMMENDATION
Planning &
Natural Resources
Phone 9522271130
Fax 9522271110
Staff recommends that the City Council award the bid for the bond issue to the
lowest responsible bidder as presented by Ehlers' staff.
Public Works
1591 Park Road
Phone 952.2271300
Fax 9522271310
Senior Center
Phone 952.2271125
Fax 952227 1110
Web Site
www.cl.chanhassen.mn.us
The City 01 Chanhassen . A growing community with clean lakes, quality schools, a Charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play.