HomeMy WebLinkAbout20100607 - SM Minutes 20100524
Hastings, Minnesota
City Council Special Meeting
Monday, May 24, 2010
The City Council of the City of Hastings, Minnesota met in a special meeting on
th
Monday, May 24, 2010 at 6:00 PM in the Volunteer Room at the Hastings City Hall, 101 East 4
Street, Hastings, Minnesota.
Members Present:
Mayor Hicks, City Councilmembers Alongi, Hollenbeck, Slavik, Balsanek,
Nelson, Elling Schultz.
Staff Present:
Finance Director Char Stark
Assistant Finance Director Julie Flaten
2010 Refunding of 2001 GO Public Facility Bonds
Finance Director Stark presented information about the bond sale that was conducted in
the offices of Springsted Financial advisors earlier in the day. Paul Steinman a representative
from Springsted presented the results of the bond sale. Sale was awarded to the lowest bidder
Robert W. Baird & Company at 2.6960% True Interest Rate. There were five bidders with a TIR
range from 2.6960-2.7793.
.
Adjournment
Moved by Councilmember Alongi, seconded by Councilmember Slavik to adjourn the
meeting at 6:15 p.m.
7 Ayes; Nays, none.
_______________________________ _________________________
Paul J. Hicks Melanie Mesko Lee
Mayor City Clerk