07/09/1980 - City Council Special
OO1
MINUTES OF A SPECIAL MEETING OF THE EAGAN CITY COUNCIL
EAGAN, MINNESOTA
JULY 9, 1980
A special meeting of the Eagan City Council was held on July 9,
1980, at 5:00 p.m. at the Eagan City Hall. Those present were Mayor Blomquist,
Councilmembers Egan, Smith, Wachter and Parranto. Also present were City
Administrator Hedges, City Clerk-Treasurer Bolke, and Director of Finance Van-
Overbeke. Also present was the City's Fiscal Consultant, Mr. Ernie Clark,
representing Miller & Schroeder Municipals, Inc.
$3,060,000 GENERAL OBLIGATION IMPROVEMENT BOND SALE
The results of the July 9, 1980, $3,060,000 General Obligation
Improvement Bond Sale were distributed by Mr. Ernie Clark, the City's Fiscal
Concultant representing Miller & Schroeder Municipals, Inc. Mr. Clark reported
that the low bidder was "First National Bank of St. Paul-Dain Bosworth, Inc.".
The interest rate was set at 6.276% with a total net interest of $1,038,168.00.
After further discussion on the matter and in a motion by City Councilmember
Smith, seconded by Councilmember Parranto, with all members voting aye, the
low bid for a $3,060,000 General Obligation Improvement Bond Sale was approved
to First National Bank of St. Paul-Dain Bosworth, Inc.
SEE BOND FILE
IMPROVEMENT 80-25 (WESCOTT ROAD EXTENSION)
Mayor Blomquist, City Councilmembers Parranto, Egan and Wachter
along with City Administrator Hedges, Director of Public Works Colbert and the
Consulting Engineer from the firm of Bonestroo, Rosene, Anderlik & Associates,
Mr. Bob Rosene, toured the proposed alignment of Wescott Road to be extended
from its present termination at the intersection of Denmark Avenue to Lexington
Avenue. This improvement is referred to as Improvement 80-25. It was noted
that Mr. Patrick McCarthy was unable to be present for the onsite inspection
of the alignment as it relates to crossing his property. There was no action
taken regarding the proposed improvement.
ADJOURNMENT
Upon motion duly made and seconded, the meeting adjourned at 6:30
p.m.
DATED: July 9, 1980 TLH
City Clerk