Council_Minutes_1964_06_22 - Laserfiche WebLink

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-3- C :0 The Mayor opened the Public Hearing regardiog the former Lambert Property North of the Village Hall. The Clerk read the published and mailed legal notice and stated that all forms were in order. The Mayor called for pro or con opinions on this matter. No one wished to make a statement. The mayor closed the hearing. Motion by La Vaque to rezone the N'' Quarter of the NW Quarter Section 8, Township 3J, Range 23, except the South 15 acres thereof and except the West 388.5 feet thereof and except the East 541.96 feet thereof and the West 930.46 feet of the North 321.5 feet thereof subject to County Road I, upon approval of application of a building permit. Seconded by Hodges. 4 Ayes. Motion by Rustad to approve preliminary Plat Plans for above property. (copy on file) Seconded by La Vaque. 4 Ayes. The Mayor opened the Public Hearing on the road improvement project for Johnson Terrace Addition. The Clerk read the published and mailed legal notice. The Mayor called for opinions, pro or con, on the subject. Several questionswere raised and answered. The Mayor closed the hearing. Motion by Rustad to order improvement and direct the Engineer to request County to do this work, eliminating the East -West portion of Johnson Drive. Seconded by Hodges. The Clerk stated that there was not sufficient funds in the Road .and Bridge Fund account to pay for this project. Roll Call on motion: Blanchard, La Vaque, Hodges Naye Rustad Aye. After some discussion as to procedure: Motion by Rustad to order improvement and have Village Engineer request county to do this work. Project financing to be borrowed from l Dater Utility Fund at 3% interest on loan to Road and Bridge Fund. Seconded by Blanchard. 4 Ayes. Motion by Blanchard to pay bills submitted totaling Seconded by Rustad. 4 Ayes. Motion by Blanchard to approve licenses submitted. (1.1.st attached) Seconded by Rustad. 4 Ayes. Motion by Blanchard upon advise from the Fiscal Consultant that on Tuesday, the 14th of July, 1964 at 8:00 P.M. the Council will receive, open and consider sealed bids for the purchase of $1,575,000 General Obligation Temporary Improvement Bonds of the Village to be issued pursuant to Minnesota Statutes, Section 429.091, Subdivision 3 for the purpose of financing part of the cost of a sanitary sewer improvement for said Village. Said bonds vill be dated August 1, 1964 in denominations to be specified by the purchaser will mature on August 1, 1966 without option of prior payment and will bear interest at a rate to be designated by the purchaser in multiples of or 1 /10 of 1% per annum payable on February 1, 1965 and semiannually thereafter on each August 1 and February 1. All Bonds shall bear interest at a single basic rate from date of issue until paid, but in additon may bear interest at an additional rate for a limited period in total amount nct to exceed $15,750 interest at such additional rate to be represented by "B" Coupons, Principal and interest will be payable at a suitable bank to be designated by the purchaser. The Motion was seconded by La Vaque. 4 Ayes.