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HomeMy WebLinkAboutResolution - 80-76 - Awarding the Sale of $3,570,.000 Recreation Facility Bonds, $4,000,000 Water and Sewer Bonds and $7,450,000 Improvement Bonds - RESOLUTION NO. 80-_7L RESOLUTION AWARDING THE SALE OF $3,570, 000 RECREATION FACILITY BONDS, $4 ,000,000 WATER AND SEWER BONDS and $7 , 450,000 IMPROVEMENT BONDS BE IT RESOLVED by the City Council of the City of Eden Prairie, Minnesota, as follows: 1. By Resolution No. 6�-( , duly adopted /11,¢11G JV T , 1980, this Council called for the sale of $3,570, 000 Recreation Facility Bonds, $4,000, 000 Water and Sewer Bonds and $7 , 450 ,'000 Improvement Bonds, and directed that a notice of such sale be published. 2. Notice of the sale of such bonds has been published in the manner. prescribed by law. All bids received pursuant' to such published notice of sale have been considered and com- pared, and it is hereby found and determined that the bid of gA ,v 0iurH w csc: CT AL , of , , and associates, to purchase the bonds at a price of $ 73o ce © is the bid most favorable to the City and it is hereby accepted. 3 . The Mayor and the City Manager are hereby authorized and directed to endorse the bid referred to in paragraph 2 hereof to show its acceptance by the City. The good faith check furnished by the successful bidder shall be retained by the City until delivery of the bonds. The good faith checks furnished by all other bidders shall forthwith be r to the yor Attest: LZ Az"6� - fnance,��-Irector/Clerk