Resolution 0240 - Laserfiche WebLink

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and all bonds also to bear additional interest at the rate of 1.20 per annum from October 1, 1966 to January 1, 1968, only. The Village Treasurer is directed to retain the good faith check of said successful bidder pending completion of the sale and delivery of said bonds, and the checks of unsuccessful bidders shall be forthwith returned to them. The motion for the adoption of the foregoing resolution was duly seconded by Member Johnson and upong vote being taken thereon, the fol- lowing voted in favor thereon: Rustad, Blanchard, Johnson and Lang and the following voted against the same: none whereupon the resolution was declared duly passed and adopted. The Clerk presented a proposed form of bond and coupon for the printing of $2,640,000 Improvement Bonds of 1966, which was examined by all members present, approved and ordered placed on file in the office of the Clerk. Member Blanchard introduced the following resolution and moved its adoption: RESOLUTION 242 RESOLUTION AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF $2,640,000 IMPROVEMENT BONDS OF 1966, PAYABLE FROM THE IMPROVEMENT BOND REDEMPTION FUND, AND THE REDEMPTION OF $1,575,000 TEMPORARY IMPROVEMENT BONDS, AND PROVIDING FOR AND APPROPRIATING SPECIAL ASSESSMENTS FOR THE SUPPORT AND MAINTENANCE OF SAID FUND, AND ALSO LEVYING GENERAL AD VALOREM TAXES FOR SAID FUND BE IT RESOLVED by the Village Council of the Village of Mounds View, Minnesota, as follows: 1. This Council has inntestigaied the facts necessary to ascertain and does hereby find, determine and declare that the Village of Mounds View has heretofore ordered the construction of local improvements pursuant to public hearings and notices thereof at required by law, and has awarded contracts for their construction, or will award contracts for their construction, all as set forth below; that the total cost of said improvements to the Village is estimated to be approximately equal to and not less than the respective amounts shown below opposite the descriptions of said improvements, including all items of cost from the inception to the completion of the improvements and all fees and eX- penses incurred in connection therewith, as follows: Date Date Contract Total Name of Imoruement Ordered Aw -rded Estimated Cost Sanitary and Storm Sewer Mar. 23 various dates and Street Resurfacing Apr. 27 in 1964 -66 Improvement May 11, 1964 Less portion to be paid from prepayments of sp.,ial ae Less portion of cost financed by $1,575,000 Temporary Improvement Bonds dated August 1, 1964 $3,984,458 3 99A 3,591,230 1.575.000 2,016,230