HomeMy WebLinkAboutgr00090_000020_pg110PROCEEDINGS OF THE VILLAGE COUNCIL
VILLAGE OF MOUNDS VIEW
RAMSEY COUNTY, MINNESOTA
December 11, 1967
The Regular Meeting of the Mounds View Village Council was called
to order by Mayor Rustad at 8:00;P.M. on Monday, December 11, 1967
at the Village Hall, 2401 Highway #10, St. Paul, Minnesota 55112.
Present:
Mayor Rustad
Clerk Walser
Trustee Johnson
Trustee Lang
Trustee Malvin
Also Present:
Attorney Meyers
Engineer Boehm
Mr. Ehlers commented on current trends in the bond market and advised
the council that five bids had been received for the $250,000 improvement
bonds and the $140,000 MSA Street bonds offered by the Village.
Bids were opened and recorded:
Name
1 - Allison - Williams Company
2 - Juran & Moody, Inc.
3 - American National ' >ank & Trust Co
4 - First National Bane of St. Paul
5 - Ebin, Robertson &
$ Interest
192,225.00
194,456.60
.194,502.25
194,790.00
200,690.00
Net Rate 7.
5.045
5.1038
5.105
5.11259
5.2674
A discussion of the bias and a comparison with others recently sold
indicated that the 5.C, +5% rate bid by Allison- Williams Company was
the lowest bid and co sistant with the market.
The fiscal agent, Mr. '-biers, recommends acceptance of the lowest bid.
M /S /P (Rusted /Walser) To approve Resolution #351 awarding the bid
to Allison- Williams Company. 5 Ayes
M /S /P (Rustad /Johnson:) To approve Resolution #352 authorizing the
issuance of the bonds. 5 Ayes
M /S /P (Rustad/Lang) To approve Resolution #353 establishing form and
detail for MSA Street Bonds. 5 Ayes
M /S /P (Malvin /Lang) To approve minutes of November 27, 1067. 5 Ayes
M /S /P (Malvin /Johnson) To allow the Boy Scout Troop 4167 to use the
hall for refreshments after Christmas caroling Tuesday, December 19th.
Mayor Rustad announced that Fran Mueller has resigned from the Youth
Activities Committee. The Mayor thanked her and others for all of the
work they have done for the Youth of the community.
M /S /P (Walser /Lang) To approve the license for Random, Inc. 5 Ayes