04/27/1976 - City Council Special MINUTES OF A SPECIAL MEETING OF THE EAGAN CITY COUNCIL
EAGAN, MINNESOTA
April 27, 1976
A special meeting of the Eagan City Council was held on April 27, 1976 at
6:30 P.M. at the City Hall. All members were present. In addition, Rosene, Bolke,
and Hauge were also present.
The meeting commenced with the Pledge of Allegiance.
1976 REFUNDING BOND ISSUES. Steve Mattson of Juran & Moody and James Olsen
appeared with a revised proposal for refunding certain bond issues for the City of
Eagan. In addition, Mr. Gabbert and Mr. Pakonen of Dain, Kalman and Quail were
present. It was noted that there were three alternatives with a 6X NEIR, a 5.9X
HEIR and 5.8X of HEIR. The 1st National Bank of St. Paul, Dain, Kalman & Quail and
Piper, Jaffray ~ Hopwood each agreed to indemnify the city in regard to the refunding
issue for any arbitrage implications. There was also discussion concerning a change.
in the bond counsel for the purposes of the approving opinion to the Dorsey, Marcua.rt
firm in Minneapolis, and the reasons given for the change were recited by Mr. Mattsonr
After considerable discussion, upon motion by Polzin, seconded Rydrych, all members
voting in favor, it was RESOLVED that the Council accept the proposal submitted
by Juran and Moody and that a sale date be scheduled for May 18, 1976 at 2:30 p.m.
at the City Hall and further that the firm of Dorsey, Marquart, et.al. be engaged
to act as the bond approving attorneys for the refund issue only.
CHES MAR ADDITION - PROJECT X173. The City Council reviewed the bids for
Project 4173 consisting of water and sewer extensions to Ches Mar 1st Addition and
the City Eng. recommended the award of the low bid to Parrott Construction Co. in
the sum of $173,214.22. Upon motion by Wachter, seconded Rahn, all members voting
in favor, it was RESOLVED that the contract for Project #173 be awarded to the low
bidder, Parrott Construction Co., in the amount indicated above.
CEDAR AVENUE FREEWAY DRAINAGE SYSTEM. The City Eng. briefly reviewed several
options submitted by the Minnesota Highway Department concerning a joint proposal
4-27-76
between the City and Minnesota Highway Department for a storm water drainage system
for Cedar Avenue freeway, and the City Eng. recommended proposal D. Upon motion
by Polzin, seconded Wachter, all members voting in favor, it was RESOLVED that the
City Eng. be authorized to discuss and negotiate further with the Minnesota Highway
Department concerning the storm drainage proposal.
EQUIPMENT AUCTION. Upon recommendation and upon motion by Polzin, seconded
Wachter, it was RESOLVED that May 22, 1976 at 10 A.M. be scheduled as the date for
an auction for equipment that has been impounded by the City to be held at the
City Hall. All members voted yes.
CITY DEPOSITORY. Mrs. Bolke indicated that she will receive the bond funds for
the 1976 utility bond issue on April 29th and upon motion by Rahn, seconded Wachter,
it was RESOLVED that the Federal Savings and Loan Associations as designated by
the City Clerk be authorized as official depositories for investment of the funds
for the City.
Upon motion, the formal meeting adjourned at 7:15 p.m.
The Council then adjourned to the Eagan Fire Hall 461 and discussed with
representatives of the Fire Department a proposed addition to Eagan Fire Hall 461.
They also reviewed the need for new radio equipment. No action was taken.
Dated: L~,~ ~s- r- 7~. ~ ~~~~...L-
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