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1l~71
<br />SPECIAL '~'EETING JUDY 13th, 1960.
<br />T~feeting was called to order at 7s30 P. I:I. the following Council fl~embers -being
<br />presents Harold C. Nilsen, ^.iayor; George J. Shavor, Trustee; Paul Coppini, Trustee
<br />and ~~m. R. Utecht, Clerk. Also present were Frank t1. Graham, Village Attorney;
<br />Otto Bonestroo, Villa~--e Lngineer; 't°Tm. E. Olsen, Treasurer and Ethel E. '+'hi+„e,
<br />Deputy Clerk and deputy Treasurer. Absent: ~io~illis ~~'arkentieni Trustee.
<br />yids on the proposed watermain imn_rovem.er.t of 1960 No. 2 were opened and read as
<br />follows
<br />ROBERT Vd. ~200RE, 1613 Ridgewood Lane, St. Paul, 13, ~~Iinn.
<br />~Lt2,659.60. aid vras accompanied by bid. bond. as required.
<br />L~~~?ETTI & SONS, 211 No. Pascal, St. Paul, ~., Pdinn. ,
<br />X65,508,50, Bid was accompanied by bid bond as required.
<br />BEATSON & KELLY CONTRACTORS, INC,, 103? Vi. California, St. Paul,
<br />17, ':?innesota, ='1~1~,553.00. Bid was accompanied by bid bond as
<br />required.
<br />HOULISTON CONTRA TING CO. , IPiC. , Box 2?~6, Taylor Falls, i:2innesota,
<br />538,9~t0.00. Bid was accompanied by,bid bond as required.
<br />R,IC CREE & CO?~:IPANY, 918 New York "r31dg,, St, Pauli 1, rdinnesotai
<br />~52,5~.3.50. Bid eras accompanied by bid bond as required.
<br />RIVAR.D EXCAVATING CO',4PANY, 1322 E. County Road E., St. Pauli l0i
<br />?~4inr_esota, ~3~,273.50. Bid was accompanied br bid bond as required.
<br />1."JALTER HII:LER & SOPJS, INC., Good Thunder, ':Zinnesota, ~~~2,128.50. Bid
<br />was accompanied by bid bond as required..
<br />'layor Nilsen moved that the bids be referred to the Engineer for tab-
<br />elation and recommendation, and tha±. the Village Attorney check all
<br />bids for all legal aspects and report to the Council at its Meeting
<br />at 7s00 P. ?d?., July lJ~th. Seconded by Utecht and carried.
<br />r;Iessrs. A. Anderson ?nd P.. Sanders of Juran & ?4oody were present.
<br />Attorney Graham advised we would need about `35,000. in September for
<br />laying the main, 515,000. in September for work the Cit~T of St. Paul
<br />would do, and X35,000. to cover the remainder of the work in October.
<br />After discussion, it ~,Tas determined that 20 year bonds would be the
<br />most satisfactory method of financing, ~'tr. Sanders estimated ~..5
<br />as the -naximum interest rate. Sanders will inform Graham if it appears
<br />that there will be any marked change in the bond market,
<br />Adjournment On motion, the meeting adjourned at 9:15 P. '~,I.
<br />Signed~~ ! ~ ~ ~i~- .~Y ~--
<br />Cl~rk
<br />Approved
<br />P?ay r.
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