Resolution 0195 - Laserfiche WebLink

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okik Name of Improvement Sanitary and Storm Sewer and Street Resurfacing Improvement: Lift stations (1964 -2) Laterals (1964 -3) Silver Lake sewer (1965 -1) Maintenance building (1965 -2) County Road "H" inter- ceptor (replacing lift station) Sewer maintenance equipment Silver Lake Road Water Improvement 1965 -2 Date Date Total Ordered Contract Awarded Ratimated Cost May 11, 1964 November 23, 1964 December 14, 1964 March 22, 1965 March 22, 1965 County Road "H" Water February 8, 1965 March 22, 1965 Improvement 1965 -1 -5- $1,757,408* *Includes costs of only those portions of the improvement shown in this tabulation; additional portions of the improvement will be constructed later. Street and Water Improve- July 27, 1964 August 24, 1964 4 926 meat 1964 -1 Street and Water Improve- August 24, 1964 October 14, 1964 32,301 meat 1964 -2 46,008 15,710 $98,9+5 that the total benefits resulting from said improvements to the assessable lots, pieces and parcels of land affected thereby and to the Village at large will be substantially in excess of the total cost of sueh improvements; that in order to pay the cost of constructing said improvements it is necessary that the sum of $1,860,000 be borrowed by the issuance of general obligation improvement bonds of the Village in accordance with the provisions of Chapter 429, Minnesota Statutes 1961, as hereinafter provided; that said bonds should be and are hereby made pay- able from the Improvement Bond Redemption Fwd of the Village, in accordance with .be provisions of Ordinance No. 68 of the Village, adopted on May 25, 1960, and shat" be secured by all the covenants and governed by all the terms and provisions set forth in said ordinance, and that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed preliminary to the issuance and sale of said bonds to provide moneys to pay for said improvements have been done, do exist, have happened and have been performed in due form, time and manner as so required. 2. Said bonds shall be dated April 1, 1965, shall be numbered serially from 1 to inclusive, each in the denomination of shall bear in- terest at the rates set forth below, from date of issue until paid or duly called fbr redemption, and shall mature serially on April 1 in the respective veers and amounts as follows: