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~~~ Garden and The matter of the street surfacing on Garden and Simpson being Simpson above the curb was discussed with Engineer L3ungren. Mr. Ljungren was .asked to discuss the matter with the County and to arrange for putting in stakes to avoid damage to the curb line during snow plowing. Investment of Attorney Graham reported that approximately X205,000 of assessments X205,000.00 for Sanitary Sewer System Improvement No. 1 were prepaid by Village of prepaid property owners. He said that the prepaid assessment money should sanitary sewer be invested as soon as possible to save loss of interest, and advised assessments that the investment of the, assessment money which is in the Sinking Fund, is governed by Section 1175.66 of the Minnesota Statutes. Mr. E. W, Spring, Vice President of the First Trust Company of Saint Paul, was then introduced to the council. The Mayor had appointed Mr. Spring on our Financial Committee to advise the Village in connection with the investment of the assessment money. Mr. Spring said he had considered the matter and after talking it over with other officers at the Trust Company who had no connection with the Village that he would recommend that the Village invest the money in U.S. ~}overnmen t bonds or in our own Sanitary Sewer System Improvement No. 1 bonds if they could be purchased to yield over 1t per cent. Resolution - On motion by Utecht, seconded by ~Parkentien, the following resolution was adopted by a unanimous vote: Purchase of RESOLVED, that the Village Attorney be authorized to conclude Village Bonds- negotiations to purchase X100,000 worth of Sanitary .Sewer System Improvement No. 1 Bonds from The Minnesota Mutual Life Insurance Company at a price of 10lt plus accrued interest; $15,000 of said bonds from Caldwell-Phillips Company at a price of 103 plus accrued interest; and from Mannheimer-Egan, Inc., X5,000 worth of said bonds at a price of 103.8 plus accrued interest, and X5,000 worth at a price of 103.7 and accrued interest; and to purchase up to X25,000 of said bonds from St Paul Fire & Marine Insurance Company at a price of 10l~ plus accrued interest, all such purchases to be closed as of October 1, 1957 if possible, and that the Treasurer and Clerk be authorized to issue the necessary checks on the Sinking Fund account in connection with said purchases. Resolution - On motion by Nilsen, seconded by Shavor, the following resolution was passed by a unanimous vote: Purchase of U.S. Treasury RESOLVED, that the Treasurer and Clerk be authorized to invest the Certificates balance of the Sinking Fund account in U.S. Treasury 1t per cent Certificates of Indebtedness due August 1 , 1958, and prepare the necessary check on the Sinking Fund account. Barthel Villas Mr. and Mrs. R.F. Roberts, 11137 Randolph, appeared before the council lots in connection with Lots 1lt, 20 and 21, Block 1, Barthel Villas, Mrs. Roberts being the daughter of Mary Barthel, the record owner of said lots. Mr. Roberts said that since they could not get permission to .build on the lots, they were prepared to offer the lots for pur- chase by the Vill age at X2,000 each, sub3ect to the assessments. After some discussion as to what the lots might be worth to the Village, Stewart moved that the matter be taken under advisement and be brought up again at our October 10, 1957 meeting. Seconded by Shavor and motion carried unanimously.