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EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF CHANHASSEN, MINNESOTA
HELD: MAY 5, 2025
Pursuant to due call and notice thereof, a regular or special meeting of the City Council of
the City of Chanhassen, Carver and Hennepin Counties, Minnesota, was duly held at the City Hall
on May 5, 2025, at 7:00 P.M., for the purpose, in part, of rescinding Resolution No. 2025-24,
adopted on March 24, 2025; and approving the authorization for the issuance and sale of an amount
not to exceed $13,185,000 General Obligation Temporary Sales Tax Revenue Bonds, Series
2025A.
The following members were present:
Ryan
von Oven
Kimber
McDonald
and the following were absent:
Schubert
Member McDonald introduced the following resolution and moved its adoption:
RESOLUTION NO. 2025-32
RESOLUTION RESCINDING RESOLUTION NO. 2025-24 ADOPTED ON MARCH
24, 2025; AND APPROVING THE AUTHORIZATION FOR THE ISSUANCE AND
SALE OF AN AMOUNT NOT TO EXCEED $13,185,000 GENERAL OBLIGATION
TEMPORARY SALES TAX REVENUE BONDS, SERIES 2025A
A. WHEREAS, the City Council (the "Council") of the City of Chanhassen, Minnesota
(the "City") has heretofore determined that it is necessary and expedient to issue the City's, an
amount not to exceed $13,185,000, General Obligation Temporary Sales Tax Revenue Bonds,
Series 2025A (the "Bonds"), to finance the acquisition of land and project costs for the construction
of a new Chan Rec Center, which is expected to include an indoor walking track, indoor ice
facilities, indoor playground, indoor fieldhouse, and expanded community center amenities, as
outlined in the Chanhassen Bluffs Community Center project plan, to be located in the City; and
B. WHEREAS, on March 24, 2025, the Council adopted Resolution No. 2025-24,
entitled "Resolution Providing for the Sale of an Amount Not to Exceed $13,185,000 General
Obligation Temporary Sales Tax Revenue Bonds, Series 2025A" which provided for the sale of
the Bonds on April 28, 2025; and
NOW, THEREFORE, BE IT RESOLVED by the City of Chanhassen, Minnesota, as
follows:
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1. It has been determined to move the sale of the Bonds from April 28, 2025 to a date
to be determined by the City Manager and the City's municipal advisor, Ehlers & Associates, Inc.
("Ehlers"); and
2. The Council desires to proceed with the sale of the Bonds by private negotiation in
accordance with Minnesota Statutes, Section 475.60, Subdivision 2(9) and proposals to purchase
the Bonds will be solicited by Ehlers.
3. The Mayor and the City Manager are hereby authorized to approve the sale of the
Bonds in an aggregate principal amount not to exceed $13,185,000.
4. The Mayor and the City Manager are hereby authorized to approve the sale of the
Bonds with a true interest cost not to exceed 6.00%.
5. Upon approval of the sale of the Bonds by the Mayor and the City Manager, the
Council will take action at a regular or special scheduled meeting thereafter to adopt the necessary
approving resolutions as prepared by the City's bond counsel.
6. If the Mayor and City Manager have not approved the sale of the bonds and
executed the related bond purchase agreement by October 31, 2025, this resolution shall expire.
The motion for the adoption of the foregoing resolution was duly seconded by Council
Member von Oven and, after full discussion thereof and upon a vote being taken thereon, the
following Council Members voted in favor thereof:
Ryan
von Oven
Kimber
McDonald
and the following voted against the same:
None
Whereupon said resolution was declared duly passed and adopted.
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STATE OF MINNESOTA
CARVER AND HENNEPIN COUNTIES
CITY OF CHANHASSEN
I, the undersigned, being the duly qualified and acting City Manager of the City of
Chanhassen, Minnesota, DO HEREBY CERTIFY that I have compared the attached and foregoing
extract of minutes with the original thereof on file in my office, and that the same is a full, true
and complete transcript of the minutes of a meeting of the City Council, duly called and held on
the date therein indicated, insofar as the minutes relate to rescinding Resolution No. 2025-24
adopted on May 5, 2025; and approving the authorization for the issuance and sale of an amount
not to exceed $13,185,000 General Obligation Temporary Sales Tax Revenue Bonds, Series
2025A.
WITNESS my hand on May 5, 2025.
__________________________
Laurie Hokkanen, City Manager
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