HomeMy WebLinkAboutgr00090_000004_pg102PROCEEDINGS OF THE VILLAGE COUNCIL
VILLAGE OF MOUNDS VIE`T
RAMSEY COUNTY
I"MINNESOTA
Pursuand to due call and notice thereof, a special meeting of
the Village Council was called to order at 8 :02 P.E. on Tuesday,
October 18, 1960 at the Village Office, 5499 Adams St., New Brighton,
12, Minnesota.
Members present:
Mayor
Clerk
Trustee
Fiscal Agent
Engineer
Members Absent:
Trustee
Allan 3. Crane
Earl E. Smith
Donald C. Hodges
Robert Ehlers
C. V. Comstock
Melford C. Christenson
Perry Malvin
Mayor Crane opened the meeting and announced that a quorum of
three members was present and called for bids on the sale of bonds
for Tater Torks Improvement iro jects 1960 -2, 1960 -3 and additional
expense incurred under Project No. 1960 -1, in the amount of
1585,000.00. Mayor Crane then called for bids a second time and
thereupon announced that the bids were closed.
Er. Ehlers, the Fiscal Agent for the Village, opened the bids
and announced the contents of each bid as follows:
Bid ITo. 1 - Allison Tilliaas Co.
Bid containing a net interest cost of
1244,157.50 and net interest rate of 4.3415.
Bid No. 2 - Barcus Kindred & Co.
Net interest cost of 1253,195.00 with a net
interest rate of 4.50220.
Third & Last aid - John Nuveen and Company
Net interest cost of 1244,621.25 and a net
interest rate of 4.3498;x.
Er. Ehlers, the Fiscal Agent, then computed the figures con -
tained in each bid to determine the accuracy and completeness of
the bids and declared the results to the Council. From these com-
putations Mayor Crane announced that the firm of Allison 7illiams
Company had placed the lowest bid for the sale of the aforementioned
bonds.