HomeMy WebLinkAboutResolution 0921MU if; I �t? I L�zil.'!IiL4ilt t Iii. I i fit r''Out f�d I it I i
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V 1� �( 1 111"t I ( N 4N ") , 4 -
U'I UN. kl I AT I !4C 1 Of 4,1,11u,uUd
D6 , LJ' PJ 1 '17 L J! "�, I : -G
I M F F I M F Ni UON
Wi-' THV PUBLIC 'SALL 11,KRIVIc."'
FF III r 1 c L! r? c o r
moun-"' V ir. Y
low , minllefiG.un t 1 i vWS I
I . -A u !_ lic- I i Z..2 t i L. ri c, tid t-;, ji I e . Tlii� has here-
tofore order P de6eribe-d below ithn
ImPfO"cMQntO) LO 116 cODSLUUCO-111 in tho City, and has con-
tracted or will contract for ttle CongtruLtion of the Improve-
ments, undor and pucauant to Minnouato Statutoo, Chii)tibf
i 'T'W_ I � - . I -
tut -111 cumt ot rne improvemantp,
-0 416 - 10 at
6 17,164
44,570
A# bob
Constructiont
011
IMProVOMOn't Project No, 1075-4 i 4A
Idiptuvement Project f4o. 140-2
fti C
Improvem"t Project No. 1976-3
1078-4
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49 7 2 1 3-7
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Land-,
W liflqj LaO&I &Ad �'iacslt
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Contingtinvyl
i;0#341
t t
RUTSOO it -to: Minn*srta
Stotutits, section 4-15-6561 94 V47
IT—, m" but
It in hereby determined to h@ necessary ai,A
A
tit for tho City to sell Attd isnue its
Bonds, Geries 1978 (the bonds), in the principa) amount of
$1#41OvOUU to tistray the expense i n Cur r ed in making the
I-H-Ipr-. uvem-ont-s# incl Vding every item of cost Ot the kinds
OUthorized In Minnesota btatutec, Suction 475.65, 424,947 of
0 -id issue rvprettenting intntect as provided in Minnesota
aLkLuLviis. Sw-A.iun
a t L
4 a CL: iicc tod 4 o I it. wo I I'" fit �i -t 1 p f t v. F
filu i � tj 1mim( 4 ) ! I I -I", j v - TIE] . f"I f! 1 A OW41 u I I i ki i6 a t --
C, f t 11 v B nd -- . 1.1,1 1 . c 1 .1
i , 4. 1 t!r K-Admi n j t
no f t h t
ace anj -tvd
to bo publint '[I tho
C I t y nrici 1 n Commerr I V�, e E. r
PUbl ighed in hlinno:ppo. Is, y!innenora, onca not I hen t -II
doys bel()te tho riate of An 161 rv,�-C-t Inq In 6.&Star't 1,11 1 y
following form;
F7
E4 �-
Husol lit i on Nn . 4 -1,1
Y'i
i 1 T
CI Ty tir xt
rf I V- 1i
!jt1.rj,y i , I V 1� I ail
trie r I ty of mi., Linti V inw, M � h!) riglf) I
- W 1 1 1_1 - t I
In Mounas View, M-fiJiFMI-Itfl. Q E' t Vz I th 00- f
UlUtif t 0 r00( itj( f)flon in(
1,jor vv-aiimi tjifjr, for A40 AWafL: tFiv ol 1 410 Uijfj
firprOVOwwrit Ponds, !;t 1 14�/ri of tIlf, C I
I - - t y 1;hv Flandu wilt
—4—
be iAoo*d rof thq u.f , jra.j-,cij-,f4
prujeutE Wi tl-' 4�n tilt! 'Itie flondfi will
j be in the donorninj;
tion 0i y'5,050, Will bo vaLed AuqutAt it 107h, and will
014tUit getiallY urt �eDruary 1 in tho following yvars jujitj
yegr A m cz u n t Y e a r AmOL at
1466
1907 165,000 19U7 llulouu
b, 4, 150,UOU 19U9 l4U,U00
1085 150tuou 19iou 60,000
Intarost will be payable on February 1, 1979, and agmi-
AnOU411Y Qn taCh FObruary I and Aiiqunt I thc-reafter. HOnds
-M to t -_ v Ing 41F 14 W- " a- 1-9-9 T —_ h 411 - L -92 6 U e- C —tt 0-- f—*&w —M-0 t 1-66 - —an d
premment on rebruary 1, 195b and any interest Payment date
at a price equrl tr.- their principal amount AAd -7iJ
d- jAt*rea.t-- P -1 -us a- PC am"m--of - to"i-b4i f *no Tvreaft—
of thr i r pr Lne ipal f mount. All Bonds of the-edire maturity
-`ffivat- - 010it-. late- Cast-. at -4 slno4m uniUra:r*44
-M wvulfi � n oa dAt a or �-ztu#� t ui - m -a tAir4_ t- yt - -dm- tbw- -At-
off""ve rate ct thd issue may not ON060 7S Psi! annum-, JVn
A)Vj on 11 a h4v "4 lr�' 7 �77_
�7'
am
06-
V414iiky, *Uclbbtl-t-,� Mob Word, Whitniq *f -
-ftanApolis, rinnojotaf* Cnpie# of a stat#4n#nt*of terms 4"4
lk;UnntLiOng tor Receipt of Uids and Award of Sale ar.d
-On M -6--y- be obts inild f jo- th- __n&9_ j9_
m L_ U rs no e
-
*v from thlers husociates, ini., 507 Marquette Avenue,
Financial Consultant G to the City.
Ogttdi- -August 1-4-1- 19 7e.
3Y ORDER OF TUC CITY COUNCIL
MaLi*. Achen# City Clirk
Administrator
Nuunds View, minnepota
—4—
14-su'DIT loll No.
n'ri Ct —,J] itisi-,il't ur I: i [I!;. allA
Awa; -!f W
l3wln4 1-gtntpmpnt of Tew-m in.,I
4 y "
l0r, ItIonn ttpnpjFt I
r t' 1 -4 f 91 Rhin con�
L ii -iii "fib e0l
nt tho liond a a hil b - t ii -v i4
a i t ho r 1 11 ho Lt anil COnditiong arf harF-ijy
Zed tj -- incorporal.o.1 in imntarial 11 -,Lr ihjtvpd to
001"OPective biddrar--, for ill=hp 4orlaq,
vr
-4�
r7
v
Pt--. Ll 1 1 �-11 i No
A
V1 1- y
V 0�
) -
t LtIC t- I t, H M
V
i L i, (]-I- if ti P-- I) I
� 7 h at buu
arlO Von I
lfilr hid-, f -1 r aj n d
fit 41 0 , 1) L) 1) 1 Fty r ov om#-4n L bond-�, , but jf�,t; its -jr,
Award th"
E)f th0 City Lhe BundEj)
P () IS PC
The Poneitt will t,�- 11-bued for 'j". piJullof-e cif
financinq the cost Of constructing varjoug i mproVement
PLOJects within the city, in accordance wit)i th# 1.71nivision-n
of Minnciabr-A
-6-
DATF- - Y P F. VF-pC-1
The Rhndn will be 4atod AugubL 1,
148utd so negotiable investment S*Curit 4 will 00
is& Wich Attached
L00fest - couponfl'! will, be in the donominat ton of 0,000
Unitas designated otherwise by the
purchaser within 48 hours
Of award of 8#19, and will mature 4#rLA11Y On Fob wiry,j, in-
Yea-& ASTO U 11 t M11MU."
7
16S
146-3 14 0 uto
our
U64 lilt.
IMW-g me t u ring- In - -
19119 And 1.90to will b-6 1111MICIt- t�i Videmo-
plarayr,112nt hit the option of the city in invirso
'-ILUVL U1. 'lot &&I nj HADOrK, nn FrIbruary I,_ 1pub, And -any--
ereafter of- prj�-
A 2 Oquil-to their
Priteipal amount and ac'
Crued in"Lere At to the date of
receml-t n,,
io _plus 0- Pr-Omium- #qua I to Ont- half --of - -one-- percent -
at -their
principal amourt.
T
HLIL49 MIL
PfinriPAl And lntOrl�ftt will he made _puyablu A� a
suitable bank in the United States
roirnmM911ded bY th,-
Purchaser and approved by the city council, ind the Cit-
Will PAY the CUStOmary charn
-on ft)r this cervice prcvided'
-6-
JiU �- 4 k4 t�
t f n
1 t 1A, I W I i I
v c
I ht P Fil!0 W I I pa Y o j I o i, 1, 1 1 � 1, 1 �1,; I ", 1 , i 1) 1; 1 , z -m t 1
n t! w i a n L, a y I I , A 1 " " I # j I �! L: I I , V I I I 10 1 ,, 1 -1 11 ( I IN , . ji I I
bol-IdF. of the s a ITi n matur t,11 Tfl u t� t b f- a f i n t P r v 24 C1 J
vato. -1ti;rIty, not Pm-Ppililvi
Uniform dAte 1 3 8 U e t mi
it PC.- annum, [up, y -I n
o r ,oupont Nil
rate of any mtiturit,j may be- lower �han the iil�rltjml LAO
c a r r i @d hly any of t1je (irtcedivit) Iiiaturi le�5� FO xyllt 4 F'r,
If, pja(�qo upon the ntlMt�br ut Edteh whiCh 11,'"Y
DUMPY
The CitV will furnizh without cooL to thO
purchnuar and witnin 40 daya &ftef &WafLj ()t tjUIV thL pilllLeU
and exacuted Donde, tj it jeaal opinion of Dors2y, Wir,,AhOrst,
Hannafords Whitney& Nalladayl of MinneapQlip, MinnrullOtAt
and tne ususi no-IlykLaLiwi i; - 14'. v W
withotit ropt to the ptirt;haner at the plACT Of th�-
C1,joice. V.a7mant for the, ?onda molat WIN MAd* in
fiinAp iffimodiatoly rvailable to the Citl On thO d8t@ Of
delivery,
LEGAL_OPINION
vai jd_Ltr_c[j___th_e_Ao_nds_ and the
taA 99*MPt n4tUf* Of the interest thereon will. bc rqquested
ffem Dorgay, windhorat# jisnT#&f*_rd# finitnoy 6 Holladay, Of
_RW#4Valja_t --Minngpota, The I* a I
opinion will be rrinted
on th* 'Bonds at -the request of No purchaser,
&.10- *A binding
will state t
hot lh* bonds
-Y
ob'41at.16fts tif the ClA
1R.AND 16WARD
11M EL L
b4do Lot not loss then $jj353t03 -find
r f rit -on the- r i nc i pa I gum of-$1,410-ODO inukt -bii -
_'_(j Cr Aeli+vered t jo vO*rsig.led and must 'be roco;�vvd
ot #*j4- oettirig. etch _bi4l must. be-
uncanditional.and must he accompanied by a cashitils check
or cortifiLd checli or bank draft in the amount of $2ufluuf
F-4-y8blip to the cl 19 rk 'Administrator OT the- CAY,__AD_ be----
tV at liquidated damage# if the bid Is
retained by the C,
C#*ptedand..th* -bidder.+ tails Ao+ C+omply_ therewith. The bid
a + tormi,wd by the
authorizing tho lowest not interest cost do
addition of any discount to and tho deduction of any premium
from, the total interect an all nonds trnm i-hpit date tO
their stated maturity will be deemed the most favorable.
-7-
L__
No. 9.11
annum C 1 t y I c. I- v !'U- i iqht tu 1 17 )t I't elf -P, iind al I
bldg, to waivo informaij t j � and 1- D -ad 'jouin thc
cull; I-LiqumbER.16
tv W I asssuTie rja ob I Ii -In
t I tlip, aglil
111r!nt Or pr Intihij or LA%11-4 numboril un the [iorldh ot I - or tt)t-
cr)rrectniufirs of 41-iY (#t1t0.b@rs printed therei:-n, but vvlll permlt
gut'.,b printinj t(-' iw 66ng at the expen-se ai the put'6!haser, ii t
the Purchaser WatV*G any extonsion of thu time of deliv-ry
cauv�d thereby,
WofataLlua fut 0.144dwtc alid 1.,JL!d Ily forlija njay bc-
obtained from tho undergigned G� from L.Hcru- & 1-,vsoclatenj
Inc., 507 Marquette Avenuel minneapolisi MiLh6&.0ta,SS4U&2#
6ii-32i-62il, Financial �onsultantv to tne t;jty#
listed f �tiqupt 14, 147a.
BY OW)Elt OF T119 CITY CUUNCIL
Mark Achon, City Clark
L
Mounds View, Minnesota
ki
-0-
W—� - — - - -
77M
ki
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W—� - — - - -
WI
C 1 i
j t t L L -
of 1. tj L, L, I i'll W I it 1 .11 1
1jank- a 1 ( (1111.
I F 1 C I a 1-1 Cj
d I r cc tod t 0 14 1 1 .4
4tAt0M@ht to bri d E-;tr ir Y
I jUte(I to potential purchadors of the
Bonfirm. 9 u u h a f f i c i a I r. t a temc. n t jib& I I Con t a i ft tho ft f A t r -Ment ,
Of 100591 -A, C01A i L iUi_A of 146CID! JA Of liidm nd Awat d of Hal ft
&ut forth In paring raph and v, t b 0
r iri f Fir -z ti ar, -a*
1 11141 tj N
be doerp"J advisablo nrid nac-pasiry to oescrinc, pdqqjjjtvjy tbr;
City, anti the no-curitloa, tei'mr. aral c( rAiLionp, 0 1�pe Btntit.
or
Attestj
U!W@Fk;3AM Ali Ur -a- t o r
(SEAL 11
The qiotio�i for the adoptir-ji at tho j*t#y�ojjjy
rosolutiGn was duly 8000040d b1l, Member Row -ley and on vott
boing taken thereon, the falloving Council Members voted In
All.
_"d Lh6 f 0110WIng YQUid hy-ttin-a t the- ramif i -gone
C*')PGM said r2solution wns- declarld paslloo An
kies - A�iqn*d - A�yp the- Mey-or- anti his sigh4tury a flmt by- -
the CityClark-Administratar.
L_J