HomeMy WebLinkAbout00-82 RESOLUTION 00-82
A RESOLUTON AUTHORIZING NEGOTIATED SALE OF
$1,125,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 2000.
Motion By: PETERSEN Second By: ERICSON
WHEREAS, the City of Prior Lake has conducted the appropriate public hearings to consider
comments regarding those public improvement projects deemed necessary for
construction in 2000; and
WHEREAS, the City Council has determined that such construction projects scheduled for 2000 are
consistent with the City's Capital Improvement Plan (CIP); and
WHEREAS, the City of Prior Lake has complied with all requirements for Chapter 429 of Minnesota
State statutes with respect to special assessment improvement projects; and
WHEREAS, the City of Prior Lake has awarded the construction bids for Project 12-00 Oak Ridge
Court for street reconstruction, Project 13-00 Fish Point / Fairlawn Shores street overlay
and Project 14-00 Linden Circle paving; and
WHEREAS, it is necessary to issue general obligation bonds for the purpose of financing these
construction improvements.
1. NOW THEREFORE, be it resolved by the City Council of the City of Prior Lake that it has determined
it is in the best interest of the City of Prior Lake to enter into a negotiated sale with Juran & Moody,
in an effort to obtain the lowest interest rate possible, for the issuance of $1,125,000 of general
obligation improvement bonds, and the City Manager is hereby authorized to convene a special
meeting to approve the bond sale pursuant to the procedural requirements of State law.
PASSED AND ADOPTED THIS 18TH DAY OF SEPTEMBER, 2000.
YES NO
Mader × Mader
Ericson X Ericson
Gundlach Absent Gundlach Absent
Petersen X Petersen
vacant Vacant
City Ma r Lake
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER