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RESOLUTION NO. 460 <br />VILLAGE OF MOUNDS VIEW <br />COUNTY OF RAMSEY <br />STATE OF MINNESOTA <br />At a regular meeting of the Village Council of the Village of <br />Mounds View held on the 13th day of October, 1969 at 8:00 o'clock P.M., <br />at the Village Hall, 2401 Highway 10, Mounds View, Minnesota, with <br />the following members present: Rustad, Blanchard, Hodges and Johnson <br />and the following member absent: Malvin <br />Member Johnson moved the following resolution: <br />A RESOLUTION PROVIDING FUNDS IN EXCESS <br />OF HUD FUNDS FOR WATER IMPROVEMENT <br />PROJECT 1968 -3 (HUD PROJECT WS -4 -24 -0045 <br />Mounds View Minnesota) <br />WHEREAS, the Village of Mounds View has received a grant <br />relative to HUD Project WS -4 -24 -0045 in the amount of $552,000.00, <br />and <br />WHEREAS additional funds will be required to complete said <br />projects, <br />NOW, THEREFORE, BE IT RESOLVED that the additional money <br />needed in the amount of $1,097,089.64 shall be provided by the Village <br />through the sale of general obligation bonds and that these funds will <br />be available in time to meet project requirements. <br />BE IT FURTHER PROVIDED that the Village by its Administrative <br />Clerk has duly advertised for the sale of said bonds and bids for said <br />bonds were duly received by the Village on the 13th day of October 1969 <br />and that pursuant to Minnesota Law the low bid was accepted by the <br />Village and the sale of said bonds was duly authorized by appropriate <br />actions of the Village Council. <br />Member Hodges seconded the motion adopting the resolution <br />whereupon Members Rustad, Blanchard, Johnson and Hodges voted in favor <br />of the resolution and no members voted against. <br />