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