HomeMy WebLinkAboutCity Council Resolution 1990-748CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a
Councilmember Helliwell meeting of the City Council of the City
of Plymouth, Minnesota, was held on the 5th day of Nuvemher
1990 The following members were present:
Mayor Bergman, Counciimembers Helliwell Ricker Vasiliou. and Zitur
The following members were
absent: None
Councilmember Helliwell introduced the following
Resolution and moved its adoption:
RESOLUTION 90-748
SELECTION OF PUBLIC SAFETY BUILDING ARCHITECT AND CONTINUED
ROLE OF PUBLIC SAFETY COMMITTEE.
WHEREAS, the City Council has approved a new public safety
building in the Capital Improvement Program; and,
WHEREAS, the Council appointed a Public Safety Building
Committee composed of Mayor Kim M. Bergman, Councilmember Bob
Zitur, Councilmember Lloyd Ricker and City staff members; and,
WHEREAS, a space needs study was completed by two independent
architectural firms; and,
WHEREAS, the firm of Polson/Troasen/Wright has been recommended
to proceed with the architectural service needs for the new
public safety building by the Public Safety Building Committee.
NOW, THEREFORE LET IT HEREBY BE RESOLVED BY THE CITY COUNCIL OF
THE CITY OF PLYMOUTH, MINNESOTA that the City Manager is
authorized to negotiate a contract with the
Polson/Trossen/Wright Joint Venture to provide architectural
services for the public safety building project and submit the
agreement to this Council for approval.
BE IT FURTHER RESOLVED, that the Public Safety Building
Committee remain in tact through the various phases and stages
of development until the Certificate of Occupancy is approved.
The motion for adoption of the foregoing Resolution was duly
seconded by
Councilmember Zitur , and upon vote being taken
thereon, the following voted in favor
thereof: Mayor Bergman.
Councilmembers Helliwell. Ricker. Va ili ,. and Zitur
The following voted against or abstained
Whereupon the Resolution was declared duly passed and adopted.
R
Extract of Minutes of Meeting
of the City Council of the City of
Plymouth, Hennepin County, Minnesota
Pursuant to due call and notice thereof, a regular meeting of the City Council of the
City of Plymouth, Minnesota, was duly held in the City Hall in said City on Monday,
November 19, 1990, commencing at 7:00 P.M.
The following members were present: Mayor Kim Bergman, Council Members
Carole Helliwell, Lloyd Ricker and Robert Zitur
and the following were absent: Council Member Maria Vasil iou
• w •
0 The Mayor announced that the next order of business was consideration of the bids
which had been received for the purchase of the City's $5,000,000 General Obligation
Improvement Bonds of 1990, as advertised for sale. The City Clerk presented affidavits
showing publication of the notice of sale in the City's official newspaper and in
Northwestern Financial Review, a financial paper published in Minneapolis, Minnesota,
which affidavits were examined and found satisfactory and ordered placed on file.
The City Clerk presented a tabulation of the bids which had been received in the
manner specified in the Official Notice of Sale of the Bonds. The bids were as follows:
See Bid Tabulation Attached.
1
$5,000,000 General Obligation Improvement Bonds of 1990
City of Plymouth, Minnesota
SAL.B: Monday. November 19, 1990
AWARD: HARRIS TRUST AND SAVINGS BANK
NAME OF BIDDER
HARRIS TRUST AND SAVINGS BANK
Chicago, Illinois
Kidder, Peabody & Company, Inc.
Mesirow & Company
FIRST WISCONSIN NATIONAL BANK
+` OF MILWAUKEE
Milwaukee, Wisconsin
UNITED BANK OF DENVER, N.A.
Denver, Colorado
CRONIN & COMPANY, INC.
Minneapolis, Minnesota
MILLER, JOHNSON & KUEHN, INC.
Minneapolis, Minnesota
MERRILL LYNCH CAPITAL MARKETS
Chicago, Illinois
DAIN BOSWORTH, INC.
Minneapolis, Minnesota
THE NORTHERN TRUST COMPANY
Chicago, Illinois
SMITH BARNEY, HARRIS UPHAM
& COMPANY, INC.
Minneapolis, Minnesota
•
EhimudAlloammAlL
LEAVENS IN PUBLIC FINANCE
COUPON
RATE
5.75%
5.85%
5.95%
6.00%
6.125%
6.20%
6.30%
BRI: 7.15%
NET INTEREST COST
YEAR & RATE PRICE
1993 $1,949,344.38 $4,955,865.00
1994
1995 6.2529%
1996 -1998
1999
2000
2001 -2002
5.70%
1993 $1,953,440.12 $4,952,300.50
5.80%
1994
5.90%
1995 6.26600/a
6.00%
1996 -1997
6.15°/a
1998
6.20%
1999
6.25%
2000 -2002
5.75%
6.00%
6.30%
6.40%
6.50%
1993 -1995
1996 -1999
2000
2001
2002
$1,954,890.63
6.2706%
$4,957,650.00
2950 Norwesl Center
90 South Seventh Street
Mrnneapoi!s MN 55402 4100
16121339-8291 FAX 1612) 335-0854
00,000 Goneral Obligation Improvement Bonds of 1990
of Plymouth, Minnesota
Monday, November 19, 1990
Page 2
NAME OF BIDDER
PIPER, JAFFRAY 8 HOPWOOOD INC.
Mlnneapolls, Minnesota
NORWEST INVESTMENT SERVICES, INC.
Minneapolis, Minnesota
FBS INVESTMENT SERVICES, INC.
Minneapolis, Minnesota
Alison -Williams Company
American National Bank & Trust Company
Robert W. Baird & Company, Inc.
Juran & Moody, Inc.
k0er 3 Schroeder Financial, Inc.
Marquette Bank Minneapolis, N.A.
Cralg-Hallum, Inc.
Park Investment Corporation
C3. Kinnard & Company, Inc.
Juran & Company, Inc.
KEMPER CAPITAL MARKETS
Chicago, Illinois
CLAYTON BROWN 8 ASSOCIATES, INC.
Chicoggoo, Illinois
GRIFFIN, KUBIK, STEPHENS
& THOMPSON, INC.
Chicago, Illinois
LEHMAN BROTHERS
Chkago, Illinois
PRUDENTIAL-BACHE CAPITAL FUNDING
Chicago, Illinois
DEAN WITTER REYNOLDS, INC.
Chicago, Illinois
PAINEWEBBER, INC.
Chicago, Illinois
First Tennesee Bank
Howe, Barnes Investments, Inc.
COUPON
RATE
NET INTEREST COST
YEAR & RATE PRICE
5.70%
1993
$1,967,911.63 $4,956,047.75
5.80%
1994
5.900/0
1995
6.3124%
6.00%
1996
6.10%
1997
-1998
6.20%
1999
6.30%
2000
6.401/6
2001
-2002
5.85%
1993
$1,970,715.75 $4,940,171.75
5.95%
1994
-1995
6.00%
1996
-1997
6.3214%
6.10%
1998
6.20%
1999
6.25%
2000
-2002
5.800/6
1993
$1,980,972.88 $4,951,230.25
5.90%
1994
-1995
5.95%
1996
6.3543%
6.00%
1997
6.15%
1998
6.25%
1999
6.30%
2000
6.40%
2001
6.50%
2002