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Member Rustad_ then introduced the following resolution and <br />BE IT RESOLVED by the Council of the Village of Mounds View, Minnesota, <br />that the bid of First National Bank of St. Paul and John Nuveen Company <br />of Chicago Illinois and associates named therein, to purchase <br />$1,860,000 Improvement Bonds of 1965 of the Village of Mounds View to be dated <br />April 1, 1965, in accordance with the notice of sale heretofore duly issued by <br />the Village, is hereby fouund and declared to be the highest and best bid received <br />for the purchase of said bonds, and should be and is hereby accepted, said bid <br />being to purchase said bonds at a price of par and accrued interest plus a premium <br />of -0-- the bonds of each maturity to bear interest at the rates per <br />annum shown below opposite the respective years of maturity, as follows: <br />by <br />LaVaque <br />RESOLUTION AWARDING SALE OF $1,860,000 <br />IMPROVEMENT BONDS OF 1965 <br />Maturity Years Interest Rate <br />1967 through 1972 <br />1973 through 1982 <br />1983 through 1986 <br />1987 through 1995 <br />3.60% <br />3 .80% <br />3.90% <br />4.00% <br />and all bonds also to bear additional interest at the rate of2.00 per annum <br />from July 1 1965, to April 1 19 66 only. The Village Treas- <br />urer is directed to retain the good faith check of said successful bidder pending <br />completion of the sale and delivery of said bonds, and the checks of unsuccessful <br />bidders shall be forthwith returned to them. <br />The motion for the adoptions of the foregoing resolution was duly seconded <br />and upon vote being taken thereon, the following <br />voted in favor thereof: Hodges, Blanchard, LaVaque, Rustad and Malvin <br />and the following voted against the same: none <br />whereupon the resolution was declared duly passed and adopted. <br />Member LaVaque introduced the following resolution and <br />moved its adoption: <br />RESOLUTION CONSOLIDATING <br />CERTAIN SEWER AND STREET <br />RESURFACING IMPROVEMENTS <br />BE IT RESOLVED by the Village Council of the Village of Ebunds View, <br />Minnesota, that this Council did on November 8, 1963, institute proceedings under <br />Minnesota Statutes, Chapter 429, for the making of certain sanitary and storm sewer <br />and street resurfacing improvements in the Village, as more fully described in the <br />-3- <br />