HomeMy WebLinkAbout042808 City Council Minutes
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City Council Meeting Minutes
April 28, 2008
4646 Dakota Street S.E.
Prior Lake, MN_?~~~=-~ 7J_~_~_,_~~~_~,,_,~~_,__~~_
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SPECIAL COUNCIL MEETING MINUTES
CAll TO ORDER
Present were Mayor Haugen, Councilmembers Erickson, Hedberg, LeMair and Millar, City Manager
Boyles, Finance Director Teschner and Administrative Assistant Green.
NEW BUSINESS
Consider Approval of A Resolution Providing for the Issuance and Sale of $1,300,000 General Obli-
gation Street Improvement Bonds, Series 2008B, Pledging Special Assessments for the Security
Thereof and levying a Tax for the Payment Thereof.
Finance Director Teschner identified what the bonds will be used for. Steve Mattson, Northland Secu-
rities representative, presented the resolution to the Council to authorize the issuance of the above-
mentioned bond at the rate of 3.55%.
MOTION BY ERICKSON, SECONDED BY HEDBERG TO APPROVE RESOLUTION 08-067 PROVIDING
FOR THE ISSUANCE AND SALE OF $1,300,000 GENERAL OBUGA TION STREET IMPROVEMENT
BONDS, SERIES 2008B, PLEDGING SPECIAL ASSESSMENTS FOR THE SECURITY THEREOF AND
LEVYING A TAX FOR THE PAYMENT THEREOF.
VOTE: Ayes by Haugen, Erickson, Hedberg, LeMair and Millar. The motion carried.
ADJOURNMENT
With no further comments from Council members, a motion to adjourn was made by Hedberg and sec-
onded by Millar. With all in favor, the meeting adjourned at 5:12 p.m.
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Charlotte Green, Administrative Asst.
www.cityofpriorlake.com
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Phone 952.447.9800 / Fax 952.447.4245