01/29/1970 Council Minutes - Laserfiche WebLink

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78 9. The County Auditor of Anoka County and the officers of the Village are hereby authorized and directed to prepare and furnish to the purchaser of said bonds and to the attorneys approving the same, certified copies of all proceedings and records of the Village relating to said bonds and to the financial condition and affairs of the Village, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and control, relating to the validity and market- ability of said bonds, and such instruments, including any heretofore furnished, shall be deemed representations of the Village as to the facts therein stated. The motion for the adoption of the foregoing resolution was duly seconded by Councilman Jaworski, and upon vote being taken thereon, the following voted in favor thereof: L'Allier, Bohjanen, Rosengren, Cardinal, Jaworski, and the follow- ing voted against the same: None. whereupon said resolution was declared duly passed and adopted. Mr. Langness thought that it would take about 35 days to get the money; they would take care of the reinvestment of the same. The bonds will be dated March 1 and the buyer will buy any interest due if the money comes later than that. Mr. Langness stated that the current interest rate on government treasury notes was now 8 %; these will be handled through our bank; the money can -be had on one day's notice to the bank and will earn interest to the day of withdrawal. Mr. Rosengren estimated that it would take two months to complete the building when the contract is let; he thought the contractor might want half of the money at separate times or possibly in three payments in a 90 -day period, as is commonly done. Mr. Langness required signatures of the Mayor and Clerk- Treasurer on several forms. The bid check will be held until such time as the bonds are signed and delivered and the money is received. Mr. Jaworski moved to adjourn at 7 :11 p.m. Seconded Mr. Rosengre v Aye. Minutes approved at the meeting of February 9, 1 Clerk- Treasurer PAYROLL FOR JANUARY, 1970: 1033 Ralph M. L'Allier $ 50.00 1034 William Bohjanen 50.00 1035 Andrew Cardinal 50.00 1036 Henry Rosengren 50.00 1037 Ronald Jaworski 50.00 1038 June L. Emerton 300.00 1039 Marvin B. Myhre 225.00 1040 Virgil F. Lundberg 200.00 1041 Richard S. Hauer 100.00 1042 Edna L. Sarner 200.00 1043 Lena Billik 50.00 1044 C. E. LeVesseur 25.00 1045 Imogene Secretan 53.35 1046 Kay Olson 11.60 1047 Albert Dupre 72.98 1048 Gunder B. Gunderson 67.20 1049 Clifford A. Hagen 151.58 1050 Joseph L. Hagen 65.90 1051 Richard Strauss 69.75 1052 Robert Lundgren 289.05