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PROCEEDINGS OF THE VILLAGE COUNCIL <br />VILLAGE OF MOUNDS VIEW <br />RAMSEY COUNTY, MINNESOTA <br />December 11, 1967 <br />The Regular Meeting of the Mounds View Village Council was called <br />to order by Mayor Rustad at 8:00;P.M. on Monday, December 11, 1967 <br />at the Village Hall, 2401 Highway #10, St. Paul, Minnesota 55112. <br />Present: <br />Mayor Rustad <br />Clerk Walser <br />Trustee Johnson <br />Trustee Lang <br />Trustee Malvin <br />Also Present: <br />Attorney Meyers <br />Engineer Boehm <br />Mr. Ehlers commented on current trends in the bond market and advised <br />the council that five bids had been received for the $250,000 improvement <br />bonds and the $140,000 MSA Street bonds offered by the Village. <br />Bids were opened and recorded: <br />Name <br />1 - Allison - Williams Company <br />2 - Juran & Moody, Inc. <br />3 - American National ' >ank & Trust Co <br />4 - First National Bane of St. Paul <br />5 - Ebin, Robertson & <br />$ Interest <br />192,225.00 <br />194,456.60 <br />.194,502.25 <br />194,790.00 <br />200,690.00 <br />Net Rate 7. <br />5.045 <br />5.1038 <br />5.105 <br />5.11259 <br />5.2674 <br />A discussion of the bias and a comparison with others recently sold <br />indicated that the 5.C, +5% rate bid by Allison- Williams Company was <br />the lowest bid and co sistant with the market. <br />The fiscal agent, Mr. '-biers, recommends acceptance of the lowest bid. <br />M /S /P (Rusted /Walser) To approve Resolution #351 awarding the bid <br />to Allison- Williams Company. 5 Ayes <br />M /S /P (Rustad /Johnson:) To approve Resolution #352 authorizing the <br />issuance of the bonds. 5 Ayes <br />M /S /P (Rustad/Lang) To approve Resolution #353 establishing form and <br />detail for MSA Street Bonds. 5 Ayes <br />M /S /P (Malvin /Lang) To approve minutes of November 27, 1067. 5 Ayes <br />M /S /P (Malvin /Johnson) To allow the Boy Scout Troop 4167 to use the <br />hall for refreshments after Christmas caroling Tuesday, December 19th. <br />Mayor Rustad announced that Fran Mueller has resigned from the Youth <br />Activities Committee. The Mayor thanked her and others for all of the <br />work they have done for the Youth of the community. <br />M /S /P (Walser /Lang) To approve the license for Random, Inc. 5 Ayes <br />