HomeMy WebLinkAbout11-07-2002 SMMINUTES
CITY COUNCIL SPECIAL MEETING
Thursday, November 07, 2002
Maplewood Room, City Hall
5:10 p.m.
A. CALL TO ORDER
B. ROLL CALL
Robert Cardinal, Mayor
Kenneth V. Collins, Councilmember
Kathleen Juenemann, Councilmember
Marvin C. Koppen, Councilmember
Julie A. Wasiluk, Councilmember
Others present:
City Manager Fursman
Assistant Finance Director Bauman
Present
Present
Present
Absent
Present
C. NEW BUSINESS
Terri Heaton, from Springsted, 88 E. Seventh Place, St. Paul, provided
information on the awarding of bids for three bond issues.
1. General Obligation Improvement Refunding Bonds, Series 2002B
Councilmember Juenemann moved to award the $3,385,000 General
Obligation Improvement Refunding Bonds, Series 2002B, to RBC Dain
Rauscher hie. at a true interest rate of 3.2878% and a present value savings of
$199,828.00.
Seconded by Councilmember Collins Ayes -All
2. General Obligation Tax Increment Refunding Bond, Series 2002C
Councilmember Collins moved to award the $5,280,000 General Obligation
Tax Increment Refunding Bonds, Series 2002C, to Cronin & Company,
Incorporated at a true interest rate of 3.6529% and a present value savings of
$360,526.00.
Seconded by Councilmember Juenemann Ayes -All
3. General Obligation Open Space Refunding Bonds, Series 2002D
Councilmember Wasiluk moved to award the $3,485,000 General Obli ation
Open Space Refunding Bond, S Series 20021), to Cronin & Compagyv
Incorporated at a true interest rate of 3.5641% and a present value savings of
$202,590.00.
Seconded by Councilmember Juenemann Ayes -All
F. ADJOURNMENT
With their being no further business, the meeting was adjourned.