HomeMy WebLinkAboutgr00090_000017_pg64Hornblower and Weeks Hemphill, Noyes
Chicago, Illinois
Juran and Moody, Inc.
St. Paul, Minnesota
Kalman and Company, Inc.
Minneapolis, Minnesota
Paine, Webber, Jackson and Curtis
Boston, Massachusetts
Piper, Jaffray and Hopwood
Mi.nnoz pois, Minnesota
Sherson, Hammill and Co., Inc.
New York, New York
Caldwell Phillips, Inc.
St. Paul, Minnesota
Channer Newman Securities Company
Chicago, Illinois
E. J. Prescott and Company
Woodard - Elwood and Company
Minneapolis, Minnesota
4.40% 1969 through 1981
4.50% 1982 through 1985
4.60% 1986 through 1990
4.70% 1991 through 1996
plus additional interest at
the r T;te of 1.20% per annum
on all. bonds from October 1,
1966 to January 1, 1968.
$2,640,000.00
Net Rate:
4.67166%
Member Rustad then introduced the following resolution and
moved its adoption:
RESOLUTION # 241
RESOLUTION AWARDING SALE OF $2,640,000
IMPROVEMENT BONDS OF 1966
BE IT RESOLVED by the Council of the Village of Mounds View,
Minnesota, that the bid of Miller and Schroeder, Inc. of Minneapolis,
Minnesota to purchase $2,640,000 Improvement Bonds of 1966 of the
Village of Mounds View to be dated July 1, 1966 in accordance with the
notice of sale heretofore duly issued by the Village, is hereby found
and declared to be the highest and best 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 par and accrued interest plus a
premium of $300.00, 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:
Maturity Years Interest Rate
1969 through 1976
1977 through 1986
1987 through 1996
4.30%
4.50%
4.60%