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I <br />MINUTES <br />SPECIAL CITY COUNCIL MEETING <br />JUNE 10, 1985 <br />A special meeting of the Falcon Heights City Council was called to order at <br />6:00 P.M. by Mayor Eggert. <br />Mayor Eggert, Councilmembers Hard, Ciernia, Chenoweth and Baldwin. Also PRESENT <br />present was Clerk Administrator Barnes. <br />None. ABSENT <br />Mayor Eggert cowrented on the fact that the City has maintained its <br />A-1 bond rating after which Fiscal Consultant Apfelbacher opened and <br />presented the following bonds on $1,300,000 General Obligation Tax <br />Increment Bonds of 1985: 1) Piper, Jaffray & Hopwood, Inc., 8,0931%, 2) <br />First Bank St. Paul/First Bank Minneapolis, 7.9869%, 3) Norwest Investment <br />Services, 7.99921%, 4) American National Bank & Trust Co., 8.0461%, 5) <br />Merrill Lynch Capital Markets Group, 8.0179%, and 6) E. F. Hutton & Co., <br />Inc., 7.9984%. Mayor Eggert moved, seconded by Councilmember Ciernia, <br />that the bid be awarded to the low bidder--the First Bank St. Paul/First <br />Bank Minneapolis, and that Resolution R-85-23 be adopted. Motion carried <br />unanimously. <br />RESOLUTION R-85-23 <br />RESOLUTION <br />RESOLUTION ACCEPTING BID ON SALE OF $1,300,000 GENERAL R-85-23 <br />OBLIGATION TAX INCREMENT BONDS OF 1985 PROVIDING FOR <br />THEIR ISSUANCE AND PLEDGING TAX INCREMENTS FOR THE <br />SECURITY THEREOF <br />Mayor Eggert moved, seconded by Councilmember Baldwin, that the meeting ADJOURNMENT <br />be adjourned at 6:15 P.M. Motion carried unanimously. <br />Ronald C. Eggert, M. Mayor <br />ATTEST: <br />~, r <br />~~ ~~~_ - <br />Dewan B. Barnes, Clerk Administrator <br />Special Meeting of the City Council on June 10, 1985 <br />