09/29/1969 Council Minutes - Laserfiche WebLink

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There was discussion on costs of the bond issue. Enough would be bonded to pay the first two years interest. The fee for Springsted, Inc. would be $1600; the cost for bond counsel is estimated to be $250. There will also be costs for stationery and postage. It was the Council's opinion that the 1970 tax rate would be under 60 mills. Mr. Cardinal moved to adjourn at 10:30 p.m. Seconded by Mr. Rosengren. All Aye. The September 25, 1969 minutes were approved at the rn eting of October 13, 1969. c Clerk-Treasurer A special informal meeting held with representatives of Springsted, Inc., was called to order at 8:30 p.m. on September 29, 1969. Mr. Jaworski, Mr. Cardinal, and Mr. L'Allier were present. Mr. Rosengren was reached by telephone and stated he would crane later. Mr. Bohjanen could not be reached by phone. It was noted that the meeting had been announced at the regular meeting on September 22nd. Mr. Lyle Ricklefs and Mr. Tom Strand were present from the firm. Mr. Ricklefs stated that they had done some preliminary work on the bond issue and had come to the conclusion that putting out a brochure prior to the election would not be best. He felt that since there seemed to be no particular objection to the bond issue, that a hard -sell campaign would only raise questions and opposition. He suggested that either a sheet be mailed or passed out, and that a short letter signed by the Mayor and Council be sent out. There was discussion on the cost of the building; it was noted that taxes couldn't be levied immediately. Any excess between the cost and the $100,000 issue could be used to draw interest at 8 %. It was thought better not to, put these facts on the sheet as long as there was no planned opposition to the issue. They suggested that a short letter be written out and signed by all Council members, this would be mailed out a week or so before the election. Springsted will print the letter on our letterhead and stuff the envelopes. The Clerk was instructed to have 1000 letterhead and envelopes printed up to be sent directly to Springsted. Mr. Strand inquired whether Lino Lakes had a bulk mailing permit. This might pose some problem since we are served by five post offices. It was decided to wait until voter registration was completed to see how many letters would be needed since it was only necessary to send it to registered voters. It was decided that 500 colored sheets with a notation on voter registration would be made up to be passed out at the office and some public places. Springsted will draft a short letter; Mr. Ricklefs will call the Mayor for proof- reading; the dorrections, if any, will be made and the letter will then be sent to the Council for signing. They will then print it on our letterhead and stuff the envelopes. Mr. Jaworski will round up some gals to address the envelopes. Mr. Ricklefs stated that the eights of December would be the sale date if the bond issue is approved. The bids can then be opened that evening at a regular meeting. He estimated that the money would be available after the first of the year. There is no legal limit on how fast the money is spent. Mr. L'Allier told the gentlemen that we had authorized Mr. Locher to do the necessary legal work on the bonding; that Mr. Locher will then contact and authorize a known bond counsel to finish the work. This was okay by Mr. Ricklefs who explained that 1 1 1