Resolution 0196 - Laserfiche WebLink

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Name of Improvement Sanitary and Storm Sewer and Street Resurfacing Improvement: Lift stations (1964 -2) Laterals (1964 -3) Silver Lake sewer (1965 Maintenat.e building (7965 -2 County Road "H" inter- ceptor (replacing lift station) Sewer maintenance equipment Date Date 'Ibtal Ordered Contract Awarded Estimated Cost May 11, 1964 November 23, 1964 December 14, 1964 Not awarded yet March 22, 1965 March 22, 1965 Not awarded yet *Includes costs of only those portions of the improvement shown in _additional portions of the improvement will be constructed later. Street and Water Improve- July 27, 1964 August 24, 1964 went 1964 -1 Street and Water Improve- August 24, 1964 October 14, 1964 ment 1964 -2 County Road "Ii" Water February 8, 1965 March 22, 1965 Improvement 1965 -1 Silver Lake Road Water November 9, 1964 Not awarded yet Improvement 1965 -2 $1,757, this tabulation; 4 ,926 32,301 46,008 15,710 $98,9 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 such 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 Fund of the Village, in accordance with the provisions of Ordinance No. 68 of the Village, adopted on y 25, 1960, and sY,a]_ be secured ty 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 372 inclusive, each in the denomination of $5,000, 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 cn April 1 in the respective years and mounts as follows: