HomeMy WebLinkAbout4. Minutes of October 13, 1992 Special MeetingROSEMOUNT PORT AUTHORITY PROCEEDINGS
SPECIAL MEETING
OCTOBER 13, 1992
Pursuant to due call and notice thereof a special meeting of the
Rosemount Port Authority was duly held on October 12, 1992 at
7:30 p.m. in the Council Chambers of City Hall, 2875 — 145th
Street West.
Chairperson Dunn called the meeting to order with all members
present. Also present were Executive Director Jilk and City
Attorney Mike Miles.
Executive Director Jilk explained the purpose of the meeting was
to authorize the issuance and set the sale of General Obligation
Municipal Building Bonds, Series 1992E which will be issued
through the Port Authority and utilized for the National Guard
Armory project. Jilk also explained that the bids will be opened
October 27, 1992, 11:00 a.m. at the offices of Springsted, Inc.
Also discussed was the pending trip to Moody's in New York when
the city's bond rating will be addressed and the hope that the
city will maintain its current "A" rating.
Commissioner Edwards requested clarification of the "Official
Statement" paragraph of the resolution. City Attorney Miles
explained that this statement assures potential buyers of the
bonds that they will have the city's full cooperation in
completing the sale.
MOTION by Mawe to adopt A RESOLUTION PROVIDING FOR THE
COMPETITIVE NEGOTIATED SALE OF $3,425,000 GENERAL OBLIGATION
MUNICIPAL BUILDING BONDS, SERIES 1992E. SECOND by Sinnwell.
Ayes: Mawe, Anderson, Wippermann, Dunn, McMenomy, Edwards,
Sinnwell. Nays: 0.
MOTION by Dunn to adjourn. SECOND by Anderson. Ayes: 7.
Nays: 0.
Meeting adjourned at 7:45 p.m.
Respectfully submitted,
Deborah Widstrom