City Council - 06/04/1983 - Special Meeting UNAPPROVED MINUTES
EDEN PRAIRIE CITY COUNCIL
SPECIAL MEETING
SATURQAY, DUNE 4, 1983 10:00 AM, CITY HALL
COUNCIL MEMBERS: Mayor Wolfgang H. Penzel , Richard Anderson, George
Bentley, Paul Redpath and George Tangen
CITY COUNCIL STAFF: City Manager Carl J. Jullie, Finance Director John
D. Frane
I. CALL TO ORDER
The meeting was called to order at 10:00 a.m. by Mayor Wolfgang H. Penzel .
All Council members were present.
II. DISCUSSION OF BOND SALE SET FOR TUESDAY, JUNE 7, 1983 (Resolution No. 83-134)
Finance Director Frane briefed the Council on the reasons for the recommendation
of Bill Fahey of Ehlers & Associates that the City withdraw the refunding issues
from the market. The bond market had eroded to the point which makes refunding
marginal at best.
MOTION: Bentley moved, seconded by Redpath, to adopt Resolution No. 83-134,
rescinding Resolutions Nos. 83-111 and 83-112 and calling off the sale scheduled
for Tuesday, June 7, 1983. Motion carried unanimously.
III. OTHER ITEMS OF BUSINESS
City Manager Jullie informed the Council of the latest developments in the City's
negotiations with the North Stars proposed use of the Community Center.
IV. ADJOURNMENT
MOTION: Redpath moved, seconded by Bentley, to adjourn the meeting at 10:45 a.m.
Motion carried unanimously.
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