06-10-1980 CCM (2)J�
MINUTES
SPECIAL MEETING - HUTCHINSON CITY COUNCIL
TUESDAY, JUNE 10, 1980
The special meeting was called to order at 4:00 P.M. by Mayor Westlund. Those present
were: Alderman Gruenhagen and Mayor Westlund, Administrative Assistant Plotz, City En-
gineer/Public Works Director Priebe, and City Attorney Schantzen. Also present was
Steven Mattson of Juran & Moody, Inc.
Mayor Westlund read Notice of Bond Sale for $900,000 Improvement Bonds of 1980, City
of Hutchinson, Minnesota. The bonds will be issued for the purpose of financing street,
curb and gutter, sanitary sewer, storm sewer and watermain improvements within the City.
The following bids were opened and read:
The Chair referred the bids to the City Attorney and Mr. Steven Mattson for review
and recommendation to the Council meeting to be held this evening, with award of bid
to be made at said time.
Mr. Mattson informed the Council that the City of Hutchinson still retains an A Rating.
There being no further business to come before the Council, the meeting adjourned at
4:07 P.M.
0
PURCHASE
TOTAL INTEREST
NET INTEREST
PRICE
COST
RATE
First Nat'l Bank of Mpls.
$889,200.00
$3553,860.00
6.083%
Citizens Bank of Hutchinson
Carleton D. Beh Company
891,765.00
359,325.00
6.142
Bancnorthwest
888,300.00
367,830.00
6.2876
Crown & Marcotte
Dain, Kalman & Quail
887,400.00
369,360.00
6.3138
American National Bank
Allison Williams
Piper, Jaffray & Hopwood
Northern Trust Company (Chicago)
887,400.00
370,395.00
6.33153
Citizens Bank of Hutchinson
The Chair referred the bids to the City Attorney and Mr. Steven Mattson for review
and recommendation to the Council meeting to be held this evening, with award of bid
to be made at said time.
Mr. Mattson informed the Council that the City of Hutchinson still retains an A Rating.
There being no further business to come before the Council, the meeting adjourned at
4:07 P.M.
0