HomeMy WebLinkAboutResolution 0649-0650%
f
in thu- Clts-' fln1l
nom Mtj__j,,j_ J0hft:iU,!i dIld Pk k4ir
n o
tie ik a r sm ab r. e ri 1. couli i 1 uIdl I benupio - t t
7 . El
DocturAnts atthAadt
Mi
Yf134-e4 fif pRiO
�tpL,VTjQJ NO.
QL. I W AW41144 SALE Or,
$1,680,00() TMPROM-IrNT PONDS 0y" Ita74
899.0LUT11H "0. AUL
PESOLUTiO4 AUIrHOJ%Ipm THTISSUANCE AND
I
jj= jVI) MLItirrpy np 81 580,000 11-Api IENT
VONps OF 1974, pVjA0IjY.I MM THE IM-PROVEMUNT
rmD-,- AND Pnovint
r7
)&VIROPRIATTNO SPECIAL ASSESSMMITS F07 "Ir.
MID HMNTENANCS: Or SAID FUND
SOND AND COUPON rOP14
t1w duly* qual-ifiLa- In* -Acti-ni
tit- 141 of th-io= j_certIfy that the
I& 4F.� A
Wmfts --attached- hf"tv-, aj- deserib*d 3Lbcvv,..Umv& b1mm care!LIU_*
A i4he dtigina I x ecmrds, Qt vAid90rp"Ati ri Ln --my Isq&I
_d7 :
4WItWt --fxy
m�vhich the tT
have brer tarairsibe I tba.
&Aid 41CAMSMU.
Apt ot * th(i minutos.4f 4 meeting
axu a cpw."t via camp lots - tvans-';
0 -4 -id -emvp 3rati
. on and .4yrort an,'- jarnpi-sty
-SYnor 99vo
all.'ragolutLons am.' 4that actL4 no taken and of all docu-
at said meetinc s� ray as
r* is to said ebi® Ations; and that -osaid meeting bbl
13 we an4 place and 54attenLd
INY-the 4"4--ning b; at thO ti
out -by -the- I ndi anted--ab6vA-,- -PurAuAAtAQ--CAll-and
iAtitLee of such meeting given as required by law.
WITNZSB py hand officially as such r000rdLng officer this
2S, 'day of NoveMer r 1974.
pis SCI
pature
Mj%rk A, bmn C le rk - Ad n i n i a t r a t or
AW A; E i h.r l ii%* i � {'itii{ i± Vii: t_ri 1 : ' iw 11 V! t.r1! -i 1; r.
u aac nr r;ir. r.rn � _
tit -ft. 4't 1. 715{'�i�.. 1r` �16 ryry� t
"'RST 1y1�TIO!'At RANK "I" J7. i'iti)L
St. Paul, MIADASOt.a Out
Allison -Williams Company L.._U_..
M4nneapelii, Mitinesnt3
Aririr t'ft+4Anr1 pAtq? t 'Pil
?,s -:1,7t.7.7 ,1,666.014.DO
G. it .
i QUO
- St. Paul, Minnesota
1991
-0614
Paino, {SOW, Jack,.on x Curt 1r,
f - Jeffr4y Hamw91 1 n4
-
' n part W. Bairn 3 Co., W.
_ irt04]11s, Minnesota
Y/ -HIV it a�1i1�1 ..
J J61 � i `
14;/8686
Fint Pat Mal. ink f f Minneupo116
6 001
Inc
6 10"1 a
612631 #
�=
yl9nil
6.60% IWO
-Fi�t+neiota ... , .....
�1
CNFFRS AND AISOCtATES,
INC.
Financial Contultantt to
the City
Wst National-soo Line
Concourse
ren ,,,... � �..
d417 t'tPt{ yM�4t.li ti �ei.Vt
Minneapolis, Minnesota
66402
_
- --
Telephone: 339-8291
Area Cuda t 612
1 Ci# 1.114-. C.Gt.',a i,+ i)[tmolfa Vit .41
'.f't l�ri ,�ca r.b .tt 1!_111 t' t1 -f= l.i r� int { t � 1 "i+A ir•1• t1 (?r,li6' itr �.i Prttl
of W Pali! r Mirt�`.it=tm t find z7 Ft,r`l:1t,n:i ll€il-{tati t.IInri'lt7f to
)l# 4" lE� c ill fbi:r f jji C! 7.;�; ,z-{,�t,l'.,.;}' ;11,114:'; of 11974 m (1t(1 t: i Ly ti[ '-11111,:ila`--
Vi4 W Aagt re .. _-'j..j 1— lr 3 t 1 4 1.1 iii Si:•. r.rtl .t kq, til # t,. f.);
§a14u ser to ate: A�
t- �P .-. s -e..-,- a.a i- t.9 i ;� - t�. „4 -. i• .i .i
* t 4,1 tis f#tits
bonds, and &thot_1Id )_'C- C-f"I is t;t,.,tllP.` sa�.,'s;t�`.`tt1 _Pb,,.�+Lad )-'LA1f1 iii urt
chase said bonds t r Lc f 's,fiE; ,t 1.=> all attcravc: irtvvc.st on
All bongs, the tondii rlitit;,r rig in the years Shown below to boor nte-r-
eut ate Clio resp ct41V-_ T. titeo p=-1: tI!tl1t.�,a )tuwlt i i'!"-�".i i. a i)ILA yw'ri!`4 44f
maturity, &a zukwAt.1
19841<47 6,O .
IM 6.;i;
1989 5. 40T
Tie qity 'treasurer in di;6uctad to ratain the acod faith check of said
- gm$ e vis ><' '
--' �u pend iio car leti€�n a€ tea sale un4 del ;vel+ of said
—PQ41425 r and the-thacks- ct unow-vissiul bidders #h41A oe raithwith raft
turn*+ is them.
_.. Ths motion for the arUptinn of the fc,cogning rovolatton
has iftly se.cndOd by t3 mbC.r u011hS()h and .Mori vete being taken
tbe, following voted in favor ther,jbf: MaYOP t#MAP 60
CnicIImen Hodges, Johnson and P40A'
and the fcllcwin/9 voitid agninot Ole lame t NOAQ
-whereupon the resolution wns declared duly parsed anti adopted.
The ClerkRAdninictrator pro;ontcd a prcponed form of bond
and coupon for tho printing of $1,60U,OnO lmpravuimsnt Bonds of 1974,
which waj aAamined by all merl)jern present, npp-rovad rine or:lcrad planed
-2-
7>
F- = i -i -.
f
V4 Jf 0 1, i {.y j
11 4-1 -F"i: o.wiary to
jjilcorta'in ;,rid fin,,�. hl -' y (�hflj�;J' 'J 1- 'Ar -JA cir.r L
0--- re d t hv�4 con F, t r Uction o f
City of 'FlowiiU Vi@;4 hitt 'wjov-�! T�- -
P ra i e, �t r, 11111 A 197-4-6 nm(l 11-174-1 plirr'll-Int en public hear -
awl nears thn:rnnf or pmt- i iron an rorliflrod by law, nn(i has
nwft-dol tr wi I l m-nlrd rn7tr,,zt- Ti fmitheir cm-mitructi on, th;,L the
total benufits reaultIng fic—i amid imp.-cmamonto to the anresa4le
-lota, P-41mr-a3 and pa-rceig of lund AffachiA tharr-_�'/ A14 to "-,a Ci-ty
at 1.-r(jo W111 L;: in LXZw,.,. L'14%v C6;;L of r.Uzh
iMp,toVSVWnLS) thAt purnukuit to tabs proVigiona Of Hinn@*Ota StAtUtoof
MiAH-v%r 474, thin Cnunf.-il by ronnIxition OtOly._n -!opt d 0 C tob 9 10,
%. r 0 r
IM, authorized the irloukrince of V385,600 Tompornry Impro!vrement
SOnds, dated (),�-toher It 1972# due and payable October �1. 19751 that
the ammuht cif mna nutim—s-A 1-a bn n1n n. di i n
Improve -ant Bond Funil of the City and availab
j 10 for the payment of
xUa 1972 TO-Mlara^ im-rrcivament UonjU 40 of Ootabor .1, IM, will
--bq- #17 f %v)-, f,,h 4jinunt-_ Stl-,400 is rrquired for thoPaymont,
(if inteZovt cominry dL,% cn said boi-15 on f-
t�eir waurityl that in
arder to pay the cont of constructi.nq said ;'MPrbvL1m*ntz and ref-and-
inq said Wripo;.&ry irr)rT1vo:-.i4;ne bow'a, this Coiltic,11 han A"nld
$1 500,"00 ImproveMent 'Randa if 19174 i th:.t xntd 15ont6a xhoOJ4 br
and ars her by made ptillmll-slo froln flin 1-Trovement Bond Rodemption
Fund of 04 City, In 4*C-Qr,.'dW1"' WJ111 UAA PVjVA1UiQ11U 01' OZdi.lAnc-a
No. 611 of thr City, ndopted on tiny 1060, r.nd nhall be nocurod
by all covenants and eaverned byall th- torma and provisions u
e
forth in said orldinar-on, and that all Avtn, PonditAr-no And thing#
required Ly tho Co'nr1'-1Jtutk;n iind Iti-wo wL' thu li)t.-tu of Minnenota
to ba dons, to exist, to happen and to be perforrad ptaliminary to
tiro insuan"Q And nnit of Yin t, bondus to providu rioneyR to puny for
said improvomanta hnvo been riono, do vxjt4t, have hilponned find have
been parfnrmod in due fora, tAmo and mnnnnr as Po ruquir@d.
2. nild honln nhall I-,,, datnil 'Novorihor 1, 1974, nhall he
nun-berad noriAlly from I to 3s6 , inclual.vu , rach in tht- donomination
-3-
711#r.rs;,-r
i iii t t
_
t t3
Year.. -
Itt/2 lfr,(tt_lit {i.:iV ItJ` f 1 ltj, i i
1978
l9f`1 ls0 Or!0 11.311 1DUB ,n,rttti 5,t-�;,
`t
lc#ii9 loo ,0(10 6.4 U."
t 99 0
1982111.x,0"^ ti• t1 ly€�i t ti ,ii;)i)=a_...
19E3 115 ,ti C1 (j !;0
# ,�%_x"- t %1 �s {tom'#. ist.ltY1.;::rt' "I'd _t_ i31:at-
114 ,preat s## p. x +car 1$7 , through
on Fahruary 1, 1975.' Th in th
t>c,t,it n.�t:u- ir1e- e-_
19114 Ali&] I not bo e",ubjr—!ct. to r-�defr.ohit�t h0f01-t' mat 11L`j , Lut tt u;Q
1tlatt�7 n iR tho hears 1 9'T t=hrough 1991 shall be (AmAch #'" asst to
rsdempt+.Cn and prap ,yment in inimrve orOur—of
�arial jju.m.boru at rr t oaynlantLho
--_ pLiatt_ of the cit., on February 1, 19P4, fniT
1 1 ;: -– . 8 `.R
A 7,'r r to A in "ramtr :-
date theraaftt r ,#t= s pa'D,irice of = P#7-
Not less than thirty days baf.or� tt1� dst�; spenif ed for propaymment
and reftmPtion Of any cf maid bunda, the �'' - A.urer shall Cause
Pg nqt jC6 of call for 1:aGG'_ -Dtion tv t c ru')M-�hO4 in n clAily or weekly
oxiodierl published in a Minnesota city €t tho first class, or
mut Titan area, which circulatma throughout the €bate and
furnAshes fi.tt&nci,al nails ar, a part of ltu rewul,ai o,wrVi:;u, Aid rihall
also oaizit sucd MticO tf• lea yr.0 Ead to tho bank at which pri-ticipal
- inti intardat ar-I the:, payabl€, batt p ,l.isr,ed r#otire it► It b affsc-
tive without mull.in#. The ptinairal of slid '-ni<Lrq:It= oil sale bon4a
sykil >au payable a the Ffmt. tiationp{ mmitt of 5.i1n, Fatt.i
in '-t, NO , Minnesvtti r and
the City- her-aby aqgsas to Pay t hi roasena alit and �u:4t o_msiy c:iarges
esid Fayi,19, ails{tit for tho revvip'o and diabursetent thereof.
- - 3 • Tlie bon•lo Oal l bo prepared fel" raw-ri- icon €orthw).tli,
aAreuted and dnlivernd to `ihv FtrSt, N1001181 hank (1t 5t, P"t#1
of 5t, P0111 , 1+1irnisnta , as
purchaser thernnt, in the manner anti Bk1hr-t-ant:latly in tho fort,
_
not forth in said Urall nnnco lir,. 69, upm pnyinviit: by the Imirt-hnaar
o'f4 1160.0 " pl {1m arc ->r-1 int;crotit# iiA provi clod in tho COIArliCt
of sale of nnid hu.rld t :_ir t rU" t c� t += 1 l;';= tl i" r'f,li # 11 : he
proceada 9't j f#1ting rnati )c t{ti`; 4511,11 i- I°o crtt#3itud i y tllt� ti'�C)i1!l4II��
to the Lunda "d in tho onuu,it�; nn fcll.cl4v-
..4-
V. t I0
f
alt,! Ud I3 =I;'
i41 i int --uvtj-,-,r-ntn ww re(k3em.-
itiv said bunau and for tlic. otnor nurporian apricJ riod In rijki,i etr(onAncsa.
ALi proceeds of inntitna the boneirs' re'r-nived in n9nons of $1,650,000
shall bo croditoo Reid paid into this Tnprnvhf-wj 146nd Vok4ermptl 6"
run(i of the Ci ty .
4. TI!, not -o -1-n- :"-h —H rri-in-onccv, it 1 herchy
natinated fl -tat opncial lialilo been or will be 1LAod on
� lith OL 01a iMPzQVww1j.t--1� lm�refiiafttr set, forth, And will be
available for cradit in mach nrnr)itntr, to thc-,- Inproverlent Bond Rademp-
Ai-eA Fund after +ht- �nt+ Of --h -1 Tipp', orrST—M-1i is paid jry full -AP.d
ulat; thn principai ninount o. aucn nxZoasmvntx, the amount uncoijact-
Od On +m- yChra C11 collection and thi rate of
int�zoxt per annum on defurrej inLitallmunts of asio,'4asunents am no
I
Principal
NA114 of Amowit of yptirs of t Vit`
linproyonknt Avsea6 Llollcctnd call -action
Lin'
No, 1972-3 ml.9, /A 1.1
44
j
No. 1973-4 QUU. UU 191( -'Yl A.
I 1 -12 3. 106 3 1 '3 3, Fri
Na. 1973-0,
Project BPI
74. 4' , M .0744, 93 1975/84
ii Alt0
o
Projoet
No. 197.-1 lil,t3Ctt,Ort-(1, non. no MOM
t
YI`
ji
(I f t I, ,C , C I I T 11—
fi 1 T 4.
r i I I I j L C
itis ii
pied at, cl f U, r V
r3 it c tr fl T
f I
a ftdl. C, t ha r
tc, A
r BE -c- n t !i- in. Lu u V
taXia i and the am Un t n
fund, will prndU�20 a L 1 -4-t Vf' PC" pdy�
n(vc-clad Aacb ye Ar to Mept when cluo or Mid I !I U-1 ro
r -a i,f vhp
r In Puthw:.1 Z.
e. u 1; 1 ,
71
Cj.ty payable freta tIlLm I ro r cjve rac n t; 5- u n 6 F.
Th c ion 'Ji. AfI�Mtlo-n f -,,f tb- ff3rtkaoinq roncilution was
duly g0condad by 1""ar and upon witt- tQinq Layton
i
Mayor Neison and I.Ouncilm@n
fiavnr ti itu re u rL i
the f
Hodges, Johnson and Pic►tdr
None
2--ainnf- the, mar--
eq
. -=-
maid rer-Olutic-ft was denlared duly passed -ind adopted.
-d
on t14 fi.r '_ r - r, Ifi thi Fit; itt 1!. 'r ]�;5 .1t;.
ri? h0t.ed 1 A4 1
{':f , 0111 {{ P I ; r'; tr. (};i t. . ' ('it i i t;t}.t 1 i t..= iwtl, cilli V
Grilled for!anelom,p t l on , !ojil to pi -,y int-o-r.:tir t -L(; vi Citi rlhi) r;it..n Or
per nnnum. frovi the
dat(N herevf 1ntI1 Et4'7 j'7
1i prepliyabl.c, is dull- i,'(jls. t;r >tt' L itl, S a`..:irls= oll
and Auquat; 1 at €nch yon:, rn rchruary 1. jQ75, into r(.Fij tr
mAtuxity Ijvinq payiiblt3 lit i4 v- i=:is t. ull Li. will` ccr u. p
hereto, Both princ� .j'al and inter- reapa"11111 c►tL +:111,0 rtr%t t;Ationi;l
NeW of Saint Paul , in St, Paul ,
lin
j eza
nte a iti ..i'iY 4 U:*i: ]: :<. f' ,w._,_i f t1,' tIni!-v, ! stut€r -f Anierica
--_
t
>.`v -
and
r�nrir3r f•rr rt'i7
which tan the i'F=i'p =' >. i`i= - �_�_
rind private debts. Fbr the prcv-pt alfa frill p y :int of said principal
and intaruat af3 Hit aafmt, beco.re duc {1,4 gull f0ith, :r('uit and taxing
pm@ra of said City aha.i.l he and in -la iicara-by i;m ruvocabl;y pliado-ed.
This t:,nnd is lont* of $n la:iva in the auqropate priacipr 1
tunaUp-. of $1,680,000, al.l a{ irk•- dal -,and W1 G1i �}t a t4 ri i
numbor, maturity, int--artiit rut., a:id rt`dcalpticn Frivj.1age, issur-A by
Maid CLty pArt;uAr+t tc a rt?-Aoliition cluiyadoptoe. by the Aty Cioincil
for the pupacata of payinq carat=s of ilucnu,aary local i•iprt-vement.s
within tho t.licy and for the piatpomv of payino and tufundi» prig:,Qipal
aineunt c)f tmntrnin rnripornry inprnrir, n* fends issued in 19 ,, and
in ir..046d purvlwit to cwrd in full Cnni'- 'ttty ;4tth phi, vinnstitutiei';
And laws r.f th; Stato of Mint ast t a 0%viountO ant&,ling, ineluding
Minnenota Stntutax, hon,` t,[i payahlo primarily
from t*na Tmprownwnt: 13r�r-d pcdojjp.tir j rund nt. the Wi , crea c -A 13}
Otrdinanca No iia, but the e-attnvil is roquired by raw ro pay thio prin-
cipal anJ j.nteraat: t_hcr}obf out_ of riny fund of tile- city if ever the
ar uunt cradictid to nkid twirl r•t-tciuld by ' n urrieia it ror auch purpclsm.
Dondit of
hitt Jti!du,o til-f't-1St'jiiiJ in tali) ` u;iri
19. 75 through 19U4
a}r C.
i.� #
ri ify'.. ti uli t'ti t. .c;
.-. t-' - 3=t i •;t+ i
a "., �', t r '.`.t lli l `.' t t•it
s i;ii}+,r< :,i{Ili _3
P•{�ptli+
in
the yeari3 l4ll'a
iii-migh 1t0fj1 ary vijch Nty {-t i Lig
.Lt-dut"ilpt.ion and prc-
paym
ant in invnrno
ardor of ne r. i al nui*it-rs at 1AV,
- dtinn of the City
on
i'vbr%iar%? I., 19tt4,
anti any intrirvrt 1'4 a { nt. al»t t
thoroit! ter, and
a t-:
a privo n? l,0i
uf. lliir. l,lti. i{'� ri}},}1 it,Lc!1-k� t..
Plat ltr,;s an thirty
r '3U1
t0 ri=-= i�c=, rrri-PJ V,il,t= i:...,,,�:,. ;t+ Lltasi l�tliirt
]its lrt:t� tt)t:t r 1;<,
# i Zt 'ry ill
rut r. yj tr iiii� lut• { dt1, 1 r, r . ti ..,. o i ;.'t+ rr=+. -
tho i«.nu 111C;ts ',E`''.'i_il' t! ... 1^r
of Uain 1or. a1 tmPr Ir -:`r
app ?`topr L f, te d 1_e_, r jt# ei:t a pt i .n 1ri.� r.. �t r c ... nat C f! tt ._ +
�ttfri�iOnt
Lo pr�3[ uce nu -.z rift. .It'li , than Su. 1;1 t-#;r_onm (ti t.hi, a ,11I.Al mmmint R -
of 1iri11c.1Patt 14tiU. d.'tVkt „�t #..t, l.�Fr�-.i ;t,.� L�t t�!+ },{r,3r�� [)f till 1E:iUe
and all {2 t=#' s #:. E7I'"a T,iya i.az Yrr.. rl.11 e iii: F# ntI i '. r i r t
f'l� ! ?,1 Fun .}lAt: general
Ad valoremif �'A,'Inc11t 0f m :i:j ;il i;1 .ip I unci
fj .' Y t irk; L_ Iwav 1:,,;.n it i l t hwiI,I to ._ rt', .Ti t6 :. t"� r t+.
,'_
W t'ldllt Ii-nft atimi! `I^ i- = Yi t t Ui' ci,;i:LL''t ti' -A" f -he t,"bua ce of
this bond did not calln,t t-Yt.�a ind"bteonvmn of --aid City tO oxcovtl any
oonrtatutinnnl nr st€tti-1teY
IN WITNL61; t 7lLlIRL T, t -la- City Of. Mounds V .ew, itattaey Count-,
Hinnoiota, by itfi City Counvil, has caused thia bond to be executed
- -- ita-beh-alf by the tite-tit-ti in njrrnat-r- ci' it..o_ and tih- rianu—al
aignatile`e of lta 1ty Clerk, and a facaimil€t of the corporate seal
to be printed hcrmonj thrl appurt-unanc intareat coupons ane: the car-
_. thioate as to opipion of bond Gounual on the revarme aide hereof
to be Oxecuted an,1 auth€nticated by the, €a€rirtito a gnaturen of said
Offi-COV3, and ha, _;L=r d t= ift bond ie bQ d.iLud f r a 3
Clark Ar.metl {let �:i rit,_ 1ta ai 9,1,Nt jr-o}
qIfl -# Mani
(r40D ,fiild goal)
A
2
U! I illi:
7'1.1:i Y- I 1,r 1 r
I u I C s [I t the
01
t ht! thi 1 t.:,, 1 j;t.aLati Q1 M,10. Y L U a
`emt tht-n rjio ct
i,l iu.
1974,
NOV61filn''-P
bui I , -L974, Nei
(Pactilini D -
(Form of c&;7t1f1cjt-e V0 be, pr
t,-d
in -- en the j&vt-rBV
giAr, fi�f
We cortify that V-Ki4 al -l -WO i m
fiq -1 and corse Lt: COPY
Of th- Ir-21*11 Opinion
af the Ciiy of Moundr, view,
o., Lhe ijauut: ut Jjd/nds
1.qr, n-"citn,
which incliAer. the within
bond, datud an ot ou; cltiLo or dt,-livuty
uE ant.4 payment tor the bonds.
racsimil-- Bignature)
City Clerk
(FACRitAle eignature)
Mayor
A
2