HomeMy WebLinkAboutResolution 0452Dennis S. Zvlla. Village Clerk
Name and Title
(SEAL)
RESOLUTION NO. 452
CERTIFICATION OF MINUTES RELATING TO
$1,115,000 GENERAL OBLIGATION WATER REVENUE BONDS OF 1969
$205,000 IMPROVEMENT BONDS OF 1969
Issuer: Village of Hounds View, Minnesota
Governing body: Village Council
Rind, data, tine and place of meeting: a regular meeting held in the City Hall
on October 13, 1969, at 8:00 o'clock P.M.
Members present: Rustad, Johnson, Blanchard and Hodges;
Members absent: Malvin;
Documents attached:
Minutes of said meeting (pages): 1 through 9
Forms of above bonds
I. the undersigned, being the duly qualified and acting recording officer
of the public corporation issuing the bonds referred to in the title of this certi-
ficate, certify; that the documents attached hereto, as described above, have bash
carefully compared with the original records of said corporation in my !;legal cus-
tody, from which they have been transcribed; that said documents are a correct and
complete transcript of the minutes of a meeting of the governing body of said cor
poration, and correct and complete copies of all resolutions and other actions
taken and of all documents approved by the governing body at said meeting, so far
as they relate to said bonds; and :hat said meeting was duly held by the governing
body at the time and place and was stt,nded` throughout by the members indicated
above, pursuant to call and notice of such meeting given as required by law.
WITNESS my hand officially as such recording offieei this 13thday of
October 19 69
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The Clerk presented affidavits of publication of notice of bond sale in
the New Brighton Bulletin and in the Commercial West, published at Minneapolis,
Minnesota. Said affidavits were examined, approved and ordered filed.
The Mayor announced that the meeting was open for the purpose of receiv-
ing and considering sealed bids for the purchase of $205,000 Improvement Bonds of
1969 and $1,115,000 General Obligation Water Revenue Bonds of 1969 of the
Village, and the Clerk announced that he had received bids for said bonds, which
upon being opened were found to be as follows:
Nam. 'of Bidder
(See Bid Tabulation attached)
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Interest Rates
Price
NAME OF BIDDER
ERIN, ROBERTSON 6 CO., INC.
Reynolds Company
Miller 6 Schroder, Inc.
Minneapolis, Minnesota
Kenower, MacArthur Company
Detroit, Michigan
'neg. Newman Securities Company
cago, Illinois
THE FIRST NATIONAL BANK OF ST. PAUL
St. Paul, Minnesota
John Nuveen Company, Inc.
Chicago, Illinois
Allison Williams Company
Minneapolis, Minnesota
American National Bank 6 Trust Company
St. Paul, Minnesota
Barcus, Kindred 6 Co. Inc.
Chicago, Illinois
Dain, Kalman 6 Quail, Inc.
Minneapolis, Minnesota
Juran Moody, Inc.
St. Paul, Minnesota
Paine, Webber, Jackson 6 Curtis
Piper, Jaffray Hopwood Inc.
J. Prescott 6 Company
ard- Elwood 6 Company
ineapolis, Minnesota
B I D T A B U L A T I O N
$1,115,000 G. 0. WATER REVENUE BONDS OF 1969
$205,000 IMPROVEMENT BONDS OF 1969
MOUNDS VIEW, MINNESOTA
SALE: MONDAY, OCTOBER 13, 1969
AWARD: EBIN, ROBERTSON 6 CO., INC.
6 ASSOCIATES
FOR BONDS MATURIPfG
RATE IN THE YEARS PRICE
6.80% 1972 through 1991 $1,294,352.40
Net Rate:
6.9738%
6.80% 1972 through 1991
EIILERS AND ASSOCIATES, INC.
Financial Consultants to the Villago
First National -Soo Line Concourse
507 Marquette Avenue
Minneapolis, Minnesota 55402
Telephone: 339-8291
Area Code: 612
$1,294,128.00
Net Rate:
6.9754%
Member Blanchard
moved its adoption:
RESOLUTION NO. 452
then introduced the following resolution and
RESOLUTION AWARDING SALE OP $205,000
IMPROVEMENT BONDS OF 1969 AND
$1,115,000 GENERAL OBLIGATION REVENUE
BONDS OF 1969
BE IT RESOLVED by the Council of the Village of Mounds View, Minnesota,
that the bid of Ebin, Robertson Company, Inc.
o f Minneapolis Minnesota and associates named therein, to purchase
$205,000 Improvement Bonds of 1969 and $1,115,000 General Obligation Water Revenue
Bonds of 1969 of the Village of Mounds View to be dated November 1, 1969, in
accordance with the notice of sale heretofore duly issued by the Village, is hereby
found and declared to be the highest and beet bid received for the purchase of said
bonds, and should be and is hereby accepted. said bid being to purchase said bonds
at a price of and accrued interest on all bonds, the bonds maturing in
the years shown below to bear interest at the respective rates per annum shown
opposite the years of maturity, as follows:
*$1,294,352.40
Maturity Years
1972 through 1991
Interest Rate
6.80%
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 upon vote being taken thereon, the
following voted in favor thereof: Rustad, Johnson, Blanchard and Hodges;
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 $205,000 Improvement Bonds of 1969, which was examined by all members present,
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