HomeMy WebLinkAbout08/02/1984CITY OF APPLE VALLEY
Dakota County, Minnesota
August 2, 1984
Minutes of the special meeting of the City Council of Apple Valley, Dakota County,
Minnesota, held August 2nd, 1984, at 12:00 o'clock noon at the City Hall pursuant
to due call and notice thereof.
PRESENT: Mayor Branning; Councilmembers Holton and Humphrey; Clerk Asleson.
ABSENT: Councilmembers Goodwin and Savanick.
Mayor Branning called the meeting to order at 12:00 noon. Mr. Asleson opened and
read the sealed bids received for $3,750,000 General Obligation Improvement Bonds
of 1984 as follows: Piper, Jaffrey & Hopwood net interest rate of 8.3891 percent;
First Bank St. Paul net interest rate of 8.3764 percent; and Dain Bosworth net in-
terest rate of 8.1798 percent.
Mr. Steve Mattson, the City's financial consultant then reviewed and tabulated the
bids for correctness.
The Council received a memo from Jon Gurban dated July 30, 1984, describing the re-
cruitment process to fill the position of Forestry Specialist.
MOTION: of Humphrey, seconded by Holton, approving hiring Kenneth HIRE FORESTRY
Brackee for the position of Forestry Specialist at an annual SPECIALIST
salary of $23,500 as recommended by the Director of Parks &
Recreation. Ayes - 3 - Nays - O.
Mr. Mattson reported that he had completed a review of the bids and the low bid of
Dain Bosworth is correct and is a good bid.
MOTION: of Hotton, seconded by Humphrey, adopting Resolution No. 1984-
122 authorizing issuance, awarding sale, prescribing the form
and details and providing for the payment of $3,750,000 General
Obligation Improvement Bonds of 1984 based on the bid of Dain
Bosworth at a net interest rate of 8.1798 percent. Ayes - 3 -
Nays - 0.
RES. 1984-122
AWARD SALE
$3,750,000
G.O. IMPR. BONDS
MOTION: of Holton, seconded by Humphrey, to adjourn. Ayes - 3 - Nays - 0.
The meeting was adjourned at 12:22 o'clock p.m.