HomeMy WebLinkAboutgr00090_000017_pg65and all bonds also to bear additional interest at the rate of 1.20%
per annum from October 1, 1966 to January 1, 1968, only. 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 upong vote being taken thereon, the fol-
lowing voted in favor thereon: Rustad, Blanchard, Johnson and Lang
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 $2,640,000 Improvement Bonds of 1966, which was examined by
all members present, approved and ordered placed on file in the office
of the Clerk.
Member Blanchard introduced the following resolution and moved
its adoption:
RESOLUTION # 242
RESOLUTION AUTHORIZING THE ISSUANCE, SALE AND DELIVERY
OF $2,640,000 IMPROVEMENT BONDS OF 1966, PAYABLE FROM THE
IMPROVEMENT BOND REDEMPTION FUND, AND THE REDEMPTION OF
$1,575,000 TEMPORARY IMPROVEMENT BONDS, AND PROVIDING
FOR AND APPROPRIATING SPECIAL ASSESSMENTS FOR THE
SUPPORT AND MAINTENANCE OF SAID FUND, AND ALSO LEVYING
GENERAL AD VALOREM TAXES FOR SAID FUND
BE IT RESOLVED by the Village Council of the Village of Mounds
View, Minnesota, as follows:
1. This Council has inVestigaied the facts necessary to ascertain
and does hereby find, determine and declare that the Village of Mounds
View has heretofore ordered the construction of local imgrovemerits
pursuant to public hearings and notices thereof ai required by law, and
has awarded contracts for their construction, or will award contracts
for their construction, all as set forth below; that the total cost of
said improvements to the Village is estimated to be approximately equal
to and not less than the respective amounts shown below opposite the
descriptions of said improvements, including all items of cost from the
inception to the completion of the improvements and all fees and e<-
penses incurred in connection therewith, as follows:
Date Date Contract Total
Name of Imprgvement Ordered Awarded Es _timated Cost
Sanitary and Storm Sewer Mar. 23 various dates $3,984,458
and Street Resurfacing Apr. 27 in 1964 -66
Improvement May 11, 1964
Less portion to be paid from prepayments
of special assessments 393.228
3,591,230
Less portion of cost financed by $1,575,000
Temporary Improvement Bonds dated August 1,
1964 1.575.000
2,016,230