HomeMy WebLinkAboutResolution 0580Sit. 1'-11,_�,j
the rQ!Iuwjrik: rrow i it:t-,, aid ��{11i,•:.iii f±.: .€1.;:;e 1 r
tiiti t�F'i� `
.r i�r i= : -
'� t r. 1=.•:S 2._ i"- rrit r -if 1j 4.-.' ]
_fi t':N T�- v (n rs{}I"-_; i' '1'°Tris;.id; Tilt i:`r its .5 ". t.t'
`('i FF11A;`,rr;, 1,t, 411E . -1 j;'` ;..;c r'' ; �4 ;t 4'^-a r-
vi4'W, Mlnnezot,^"y an ritllw
It Tle highost and, t)ea.t bid receJwd in af!cLv_E.tir ,w wi,i.%i
the Ru4119had notice of s43,, fnr thA mr w *Rc crin
lmprovP.mri nt LiondS, all to be ilatud (DIct"liar li _stat Lf
Ing brit 41VIOnai 1MnK of bale. Paul of St, Saul ,
Minne 0t f¢i4i-Asbviiliitvb ie r-ltl titolvd, tui purchune -he bonds at
o of ft2t3qO,M and accrued interest, tines b- nda to bear
InUrest at the rate of 4.+O % per annwii. The Mawr and Clerk are
autharised andAlreeted to execute on behalf of the Village a
a_aatratt r� -t i --a*1-a--$f- the-- -t-a - i -d —bid—der- lip—o. -t; -
AUOV* stated; And the Treasurer shell retain ttse check somring
--ths--t#d above daearibed until delivery of the bonds and payment
-- _,)Urchaae pxlr_cuxw.&1•ts1_ i'ldtru4Ut aiw irtjuui&jp wi.lJov vti►-
forthwith,
- - 2. In acaardai .:s wil,h the pruvislu,is aV ehapi er 4291
e a tat t s phis �!li,t °i , res- alby itbe�
- -
it m
r i# t'4" �.iitt vr;�zad the lan a"tr tit 1385.0138 tien,= ..
revat "it, -D$ndo or thy! 'Allage. 'lie borAn droll be ts�ued fox: -
lOwl
3A r;� f`4iafliing tt'1e artistsis or tri` lAg UA folii;,w1nir r.,5rrvR*-
- ming -t a i Sanitary Sewer! �,+i. r mnd Strre+, T11wr`yVel hi
- - t s v d*7rtnir a rte e : t a '3 st Sht greet g 6f tl,i- "il iago
to issue said binds to the piirt., er unereof tairthviith.
3. Thera is horeby oreatied a separate rand for the improve*
yftiit dojighatsd in paragraph 2, Which shall be held and administered
by he Irtaaurer aaparate and apart from all Tether funde ef-€he.. -
Village, Into said t'u►d ilhB i F �, �!a AnilapiAnns of all aoneral
4 1
fund, to be maintainjA an fang as any of the bonds rayable there-
I f
ii""%4A, 4�hfj inhilrurm VKh"O" *n- bP Uned "-1v for the- PAY --
p -Inalpal Lf an -d int&rt-st an thn Londt Vayable therefrom
;-
4
9.
herein art-horized q -td- on any fidditibrVA t^1PP0Pftr:-1 Improvemitnt bond-
L 1
bar4a-f ter loruent Ond 1 -i -Me pa-ativ frr�-n said font
-=
5. 11w is hereloy covenanted and Pjrre4 thPt tr-0 Village
t 1
w1wil do ivia perromi; cell a -its rinj thinvr, nica(twary for tbc, tinUl knd
UU I In a A I I I Y_ 1 1 V
axacma:w n --,s upon the ppopertie's bermf2-_'01&d
valid I jif -.p -
PriIii I r J
,ge,jal
by axilu 11"P.10iZolit. In a I'vi. cipal ;..1Lu#,t 11it lees Lha -j 10% not
the ooat t.i4r0r)r, In the evellL that any ruffh tturripmr-t.� onall Of -
&t any Lfittv 'WA14 invalil �lth respect to anyj lot or tract of land,
A
iia. to WIN in ally action or proceed -
.
np 1-ci v e mc- i, i -i id
i tr
ings taken or to be tuii6n by the Villago oil the ermnail or an, of
uT:d, n a --h
the offliers 9r &taplunyoes it, the making or the ann-prament or the
147 T, L !LL
graph.
performance of of any Manditicin praeodont U creta, the Villagewill do..
cL;j,�Lijco 4 0�-j anij pr;e, n1li-0
U ji fir all, (, - n-
- 4
said _'mpru tj 14. rujill p 01 �,:L. nini1'
. ' V 11 r1C -, o -j t, �1 r-, uz u
aj,id al-, irjeney�i :n onili s !,it-- f1lij! �J-rzl_ 1-:,- p4l; 4!.ti, the-
i.ortA c.wrated, anis a I I
!_ - J
mporary Imp T
Moneys it-, tiucl, J111pruvoij,.1-it folid �:),all !Lu '110,1) I
Impruvemi-jit rul'id, wl=lch 1z hcrc-ty -re at va; lel # f hnt upon
t fUrl - . f, -j_� 4
. a I I ,,, �"Uljjl 1�1,LjV(; f1i; ,, - 4 )- l'i -
Wscontinuance or nuon lin-pruv 6
thervin inny be trnnofer;'od by remoluti n r t1? unci' tO t - "I
fund (if any oiler Imprcvement InatitL e C, a Q a � a
44;v" under Minn -1 t St tAte
Chapter 429. After diocontinuanc@-of said Improvement fund$ and
as long aa any or said rjunis mall
r vo,
of till general adv-.1jornn taxes and spon-lel anne menta P @ i ugly
__--required-to be paid into the disc-m-ntinued fund ahall be paid Into
said Temporary improvement L-Qtjd Furd, Said Tramporary iffiPrOveffiCit
Bond Fund shall conatij�rt@ q separptie and nple-o-ir.1 debt redemption
fund, to be maintainjA an fang as any of the bonds rayable there-
ii""%4A, 4�hfj inhilrurm VKh"O" *n- bP Uned "-1v for the- PAY --
p -Inalpal Lf an -d int&rt-st an thn Londt Vayable therefrom
;-
9.
herein art-horized q -td- on any fidditibrVA t^1PP0Pftr:-1 Improvemitnt bond-
bar4a-f ter loruent Ond 1 -i -Me pa-ativ frr�-n said font
-=
5. 11w is hereloy covenanted and Pjrre4 thPt tr-0 Village
w1wil do ivia perromi; cell a -its rinj thinvr, nica(twary for tbc, tinUl knd
axacma:w n --,s upon the ppopertie's bermf2-_'01&d
valid I jif -.p -
ii
,ge,jal
by axilu 11"P.10iZolit. In a I'vi. cipal ;..1Lu#,t 11it lees Lha -j 10% not
the ooat t.i4r0r)r, In the evellL that any ruffh tturripmr-t.� onall Of -
&t any Lfittv 'WA14 invalil �lth respect to anyj lot or tract of land,
A
iia. to WIN in ally action or proceed -
.
ings taken or to be tuii6n by the Villago oil the ermnail or an, of
the offliers 9r &taplunyoes it, the making or the ann-prament or the
performance of of any Manditicin praeodont U creta, the Villagewill do..
all such furt'hi� aeLr and things and ahall take- �nll such furthpr
ch
proevedinga an ahall )e required by law to make --u assessment a
valid and binding lion u, -on the propri-rty anaPri-,ned.
6. Not later than 00tobfir 1. 1975, tho Council will by
reaw:utlor, pr nivido t'ur the ionuanee, ..ul,- tAIIA 1v11vv11Y Or d0flni-
tive improvement *0ayuj)lp rron :trot. fuW or fundn ui . may be
3I- Q Pit. 11 L}1 L j I
,I v if r}(I rp "Ifi(i p. I i.v.t
f. V;14, 01'ki I 'Y
act to r ,-r
in agid fund.
7' f,
-A i'r' I UIIA :f 1 � L
Marchi r, r �F( !;fy?1f4 j [,r; '�jp. j!j 1,
h n liv r t he i f V 11 n; f: t utw-fo orl—r,:-in
V') ', eauh; li-, Oi!ti 1.
147P, All vrv�----rliir. rin
MOM, linn U-1-1 L:Vuring at. L) ; v -'at.e 04, Z- of-) % -t-jer Lirmirv., pay—
AbIe on cacti Api-11 I and L),!tui;u-r n g' Fr A p, r'
The principal Or and Jnteraot on said 1--indm. lhall he tt
S
Me First National BMik Of Saint Paul n t. Paul
MIM684tfij fir,d the V,.Ilafpe her@b,,v apy-nem to rry t)., dem nable and
cumuomary chAiges or said payinp agent r the reoc-Apt and diaburne-
ment thpr@fr.
Said bQndn and the rouronm attar7hril thereto mhall be
in substantially tnt follawln-f form:
A
YN x!1'4l.li_l! + x:31=E' iitt Uiiii H
).i
Y la;tt } it tlai i i • ."ri .-. r .: (`si rii},i {. .. .. _ = I i j 'F-. +'rfi _fi _.: ti r .'r"i ".:-2i i-r ii
-
.11l4
F0 nC—iv &d li rytlL�1'l:l.
iii s
thc
anfin
d to ,,a r, '-.n'tfirent t-nervi i. 0; the r€;tee IV
foul tCU-j- 0011t tiir4iit j r rinnum "run, the date
r- ! ttt:1 1 r. 1.' ...i , 1 1 it ..i
h_rc of _ i r., ti_ t:'t i , ;--:.iF. 0li�al, April anti
QGtpb47, j #=#c :fit: si it '#i rF''sj' 6 2 j :� i do w.i 'rr':: -nue i' 11 ti. and upon
jt
presantat' can and Puri ander of ho i rit e vf-o t; nnupolle app urtonalnt hereto.
_
ROL-h prittelpala- and inter!=moi- ire paYat?e at the first National bank of
Wnt Paul , to St. Paul , Minne--t.a, tr any
coin or eu r neV of t l;e unit Mate A ariaii, rthi h eel thi, i~asp + -
-
t.iVe date., of payment; in legal tender f cr public and private debts i
Pop the prompt alai full psyrt�lli �� auch principal aria Interant as the
name respee-tiVely b4zecme du@, ttte 1'uil faith►, liredit and taxing
poiteru of Vie Village are hereby ii revo oably pledged.
-- This tend in Otte of an Issue to the Aegregate principal
fu/�auriz of $3850000, all oV 7 t k^ date and tenor $Yaept as to enr+ial
nunbers all incur d for the purpoue of dAfrayin>g expenses i.i.iurrod
g
'nttirr�ii�Rj��y�Ir
'A
-
b#: �.ttC'ilsT+'t'eiq. In 4c5nsLi'-,iC�.r`- 1 r7�' rl i �,�t4 1
in �i0 � !aid
V1.11% hereto ore uuly €rutP:ea and contracted -
be
tm# %tL-t� J-tae prrvia'_onr. Qf Minnvs.ota ftatuteal Ohap,#tir 42.1f
-
ij�iviusid pur'auant to and ir; _"u1 nm ty li ': f t.:ry fl GlLdt CtJi
___. .. _ ifi {=R t 519 [+
-.a8 .--of tht .heat# Of i`1 ��g Cher-ou t-v an�,•tlii p, J-pti-rauRilt to
rfiJ01-Ut1 ln� 41JY 940:)04- by tale VJ 11P.-Ce UMAnC11 q rhis baitd_ is .
4�rlrble-j�;<`i mari.1y from thn. 'Temporary ImpruvemehL Bond F14nd of PItIA_
- _ i 116ZO, tt which fu..a t-hcr< have been irr.-vc cably appropriated th,,7
Genera', „tU volorelt. ' .ixt n and this apecAnl ariaftrnm9lita to be Bovie`,
i
il�- respect t"1 the 1'rlrre $.� rt r rafi`aE4 b t:
i thio '!slu, Ind Into which
rund then 4 t to ttc paid the y-ocaniis of dcMit.ive impre gement rends
Which the _'�',Ilagv io required t t law t l 109-ua at or pr1ci = va the-
maturity 01' bflis bond ror the purreve or rerundine the rame as far
it the ,Cheat lona at' ta%ec and Rpe1 1ft1 on hand in 0414
....fund are not su-i el6nt for t ue pAynt o tt thereof,
IT IS HERY.'y CERTIlIhII, ttKOITED, CONFENANTUP AND AOREED
that; all note, conditions and things required by the C'onnt1Lutioii
and iaYlg of aG uitti,G ui' iiit,l7 ;;utta L[+ U rJurle, to Er%iaL, Le happen
and to be performed pt'elllr7il'iaPY Le Wid III t;he ihauhnee of t:hia bond
in order to make it a valid and t=i ndi nr r m-ral ,-1t, i 1 ;Tat.i nn ri f the
Village rcoordirc 1.o ita terms, have Ueun done, do exlnt, nave
happenod and have been perfet Plod 40 i w t-�quired, that ail Valorem 16axea,
if nsadt-d for 1 ie payment or VrA4 nc'.. p.-, . ai U" d nterit r t %:i T hi-. 1 , viciii
ISJU A L
On the Ist day of AprJI (N -mbar), 19 the Village of
ftji d* Vlow-i Ramey Crjunty, Minvusotal W.1 pae to bch,,ap at
The -PI-t-at "fl00 411 b.L. Kau I
the slim -shown heyvoil ill lawru! money 00" tho Unitrid Statcu of Americ's-
neir -rti Ron0i 4 ted
t tbtn dae 0;j itg Ii pe
-Favr4mil-0 sigha-L-4.i-al (rac;J Alle "t-Sn4turr.) -
y
t4 W 1
ttf'h I V Ij y I h i; T# 4 -;1
i i-Iji. tit
1 1 1 1 t {_tit"
i
i i E4 4,11, A A V
O It U) V I I I I I J-.0 i I
I
j j. I ;.I
I-XIO
VDITiMil'.
tit u v v L: 1,=,t
t 1 y t I u
L
-;•r t ri
'D
tit? L iql 1, 1) d "'ot,01'ej, -L ,
ISJU A L
On the Ist day of AprJI (N -mbar), 19 the Village of
ftji d* Vlow-i Ramey Crjunty, Minvusotal W.1 pae to bch,,ap at
The -PI-t-at "fl00 411 b.L. Kau I
the slim -shown heyvoil ill lawru! money 00" tho Unitrid Statcu of Americ's-
neir -rti Ron0i 4 ted
t tbtn dae 0;j itg Ii pe
-Favr4mil-0 sigha-L-4.i-al (rac;J Alle "t-Sn4turr.) -
t n t 11 u rk c u r N4 a d i ; y oh" thl— 1 s,:;. u. I u t J 0:1 1 1 " tile Cuunty At4dit-Or
O1 DakuLu CuuJOL f It; its Lu fj,u I I j Fn. J!
that -; t -, i , I It t,- 1 v t - P, i- 1111 i i :•r: d I , nail I ryt f
11. '1114 U1,11curn U1, thu V1.1ilige '111d the Ociulity A"d-Ltor
of RAID50y roUjity )w.-Obv lluthowU-d Lnd dircr-And to proparc and
furninh to the purehimor Ippi tho bwldn Innued h('reundri" nuid to the
rherrof. a e ert i
Ked, copy ' Or,thits 'revolut-Jon and or itil (,they, ppot-ewling.p rel(itille
too j ; b a tqfgfjL)juj- wjt)l ,l u -u I I *,t f r 1,4 r
-tvtL.%, curtilricateus and ln-
as maAi tu -easoliahIj mqui red to chow the legality and
L
marketability of t1uld bosida, L.I& such Inforription appqard from the
booke -imd- rt eorft --i-n- tfua' z;-owattil-
Uv and aortLrol
to them, and all suah certified cuplua, cort-41 f 1-catc-, abd affidavits
Dhall be deemed r@pra�hentatlonu of Lbe V1.11-aAe as to the corrvotness
all ptatemmpntp rontainod thrrvin,
Qj. :vote being taken Dn the foreg.oltie- ru-bulatiort, all inum-
-bvr&- presuaL votod In favor thc-r W.
fj
j j;
i A
V 1
r:
ire
14.1 1,1111t it I ()f 'j it f, I jjtja
}
1; 1 i:
u r, r
tr 1, hr, h
I-, E-1 u ['LT I t L I
I i
1 i -j I a' 11. jI i,
"1
1"
t n t 11 u rk c u r N4 a d i ; y oh" thl— 1 s,:;. u. I u t J 0:1 1 1 " tile Cuunty At4dit-Or
O1 DakuLu CuuJOL f It; its Lu fj,u I I j Fn. J!
that -; t -, i , I It t,- 1 v t - P, i- 1111 i i :•r: d I , nail I ryt f
11. '1114 U1,11curn U1, thu V1.1ilige '111d the Ociulity A"d-Ltor
of RAID50y roUjity )w.-Obv lluthowU-d Lnd dircr-And to proparc and
furninh to the purehimor Ippi tho bwldn Innued h('reundri" nuid to the
rherrof. a e ert i
Ked, copy ' Or,thits 'revolut-Jon and or itil (,they, ppot-ewling.p rel(itille
too j ; b a tqfgfjL)juj- wjt)l ,l u -u I I *,t f r 1,4 r
-tvtL.%, curtilricateus and ln-
as maAi tu -easoliahIj mqui red to chow the legality and
L
marketability of t1uld bosida, L.I& such Inforription appqard from the
booke -imd- rt eorft --i-n- tfua' z;-owattil-
Uv and aortLrol
to them, and all suah certified cuplua, cort-41 f 1-catc-, abd affidavits
Dhall be deemed r@pra�hentatlonu of Lbe V1.11-aAe as to the corrvotness
all ptatemmpntp rontainod thrrvin,
Qj. :vote being taken Dn the foreg.oltie- ru-bulatiort, all inum-
-bvr&- presuaL votod In favor thc-r W.
Mombpra abvrnl' Ron.-
Dvcurptmlp- t t: a C
M 3
!m- :-- - - -
7!7
the -under ;nee t3eing ,tete Auly q1talineti and actine re---
-- - — ---. 11
1-hf Ob
k�7 TLO-le t
l melyei tLbqv@j h1jv* been
e
ft
it--tr-the--t=ri-PAn�l-Pcczrds.-all
—tidy :rr ! .4 A 10 11
; mi rial
z - . 'jW#*4-#'z':r.7'.m- 2*011, -
1111d
T.Im'—aFt-hor fro'.
ments approv- by the jovernine body at &Ad reatIng
I duly ho
bold.mopting was by,
Abb-Savoifs ins body
and Wit
at the time And P nWyembers indl—
11 . or avah.....
cated abbve# pursuAnt to call im �vti
-thm-mg f
-WITAFZS--my- hand oTrj*j4'jy -ach recordinoficer this
a aw
October i97
Hill
nature
Clark
Dennis S. -Z Ila Villa e
�Qtrll 41T'ye
BE A41') via and f
- ---------
4z LA� I t I; it
Uov(41 n
i;v T: 'i
tho vl�
lau--
Baunqcrtrv'r,
'"JtAyof' ti, iSUN. Wkillf Imall
find �f Jum'
Count 11;: n-11C.hr1!nn
-:- ,
Mombpra abvrnl' Ron.-
Dvcurptmlp- t t: a C
M 3
!m- :-- - - -
7!7
the -under ;nee t3eing ,tete Auly q1talineti and actine re---
-- - — ---. 11
1-hf Ob
k�7 TLO-le t
l melyei tLbqv@j h1jv* been
e
ft
it--tr-the--t=ri-PAn�l-Pcczrds.-all
—tidy :rr ! .4 A 10 11
; mi rial
z - . 'jW#*4-#'z':r.7'.m- 2*011, -
1111d
T.Im'—aFt-hor fro'.
ments approv- by the jovernine body at &Ad reatIng
I duly ho
bold.mopting was by,
Abb-Savoifs ins body
and Wit
at the time And P nWyembers indl—
11 . or avah.....
cated abbve# pursuAnt to call im �vti
-thm-mg f
-WITAFZS--my- hand oTrj*j4'jy -ach recordinoficer this
a aw
October i97
Hill
nature
Clark
Dennis S. -Z Ila Villa e
�Qtrll 41T'ye
BE A41') via and f
- ---------
.................
:y.14t' A ,,w .,iv, 'ui• i,• -gym
ffiii Ci a' not -l -,-l-, of :ice i,e i; i• .} ._ ,�v�._._ +il i:a},.. i"i3 ';r .iii#:. .'[-; t';i� :`. .:'�;i
or thc- vilInLfe All
ad ted .c-tembe ��� v7E, ,, Ec`
found g tipfaci i,f' Lri'1 'A Ali �i' i. 4'4 -A i S the
C1w1h.
The Clerk thlon ro,_orted that 4 eefilAd blds had been
eem
- �t a tad tiffs i�fP ce �,P4 t t e
t lzr;e 1 th! : t�vetJ * �* tA ^ts -
ant to tho notice of sale, and thn
Lldr were tiers opened Pnd pub-
e
to be as ronown i
eem
V i 17 ' j'. ii _ I jt 3 !1
SLC: til_; PAY, I)CMi'1:R 1i;, I"'
At; s !{hale I t ii hh! (( it }}I!I t:Iit i ci! f
A.flt�_�), � i71 .�� a\i1i 7.'l��t, 11 A!, of a/�.+:�! �t'.. !- , - 1.i iCa�e�
"'emLa� yf.A i if PRS
.
(;ML UMK OF 5JAI NTPAHL 4 j.r:) U. 00 $38?,6VSl,i9
fit.aui� Minnesota
4 . ZOTZ
L- C NGRTiild<5T OF MI NNEAPOL 15 i . (10;- 1975
� 1-011 14 ' 14ifin"tt-4
i •�`ON 1;1'il1 G.` MINNEAPOLIS 4lOt;'= 1115
- —
t 4 f 2"
v
$48,895.00
$382,386.Ca -
4.2333
049 i 260. 76.
$381- G'!-Wos"
4. A 5.�
—i
J. -
DILEIRS. AND. ASSUCIATIL., TIC.
Fil,uncial tonFultants to the Village
First National -590 Liviv Concourse ----`-
507 Morouetie Avenue -_-_
IflAneopolis, Vinnesota 1,540
i-lophofia; 33 •A2+T1
Area Code: 512