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HomeMy WebLinkAboutResolution 0710•s• Uv'i, CsLii C!'' i, t 3 .. Y, I;' tr- r, - j it c c f t,t t l 1l1 r# trial t£ , � t_ i Sic a�tY gin, i r7 , r ! # t _ l:eiri En { :0 1',P+•, , ,tt t in City IL-Moam Orr. rro-as Yid . M1rrr,& c�{a- _ _ _ N;t, _-Mayor ton and Gcu�i{ i1 Mtnbra J'tc►r°,lrjujst, ijsragj a;td 0dL-ngartnpr ke ti Van# i)o""lltP AttAchad; NAnutupa n f�tcl I'„'c-t Yty i'4 cr } �RtIOLUT N NO, 710 G IiH:�UL:1Tt+.9P PR0VTmTr+0! rnr. n rrr Mir , fE-NERA.L oiaLIGA Wow li `[JNdi`. ©`,p sail -liPSN%—tai - -of3rtbeen culampl��` Vcy-evmut and OwwwRontw- gin;,? ct � X 11 �^�a l s na.. id e � OU * t o DAM t nor n t hc�t � to in ��bWY at or -Ad vt rkq 06 fad _ Vrthin - �a duly )-ald 6y _ E - = -. men r����- �t,����n�-��.�= -v4S-�t:gnd"d t��ou?��t bar Indicated a va# purAuent to eall and notion np p , . r#”�:� by I - aUcy meeting - NITMESS my hnnd offi.ciAlly nn ' iaD ja tsar - t�c1t trr�ars�lj;! 11f.fiet phi--- Mark Arhpn, city Clerk -Administrator tie #fie€1►L j ion and rovt-ft -It 1-vt i -.pt if -it; RL"OLU1 10"i INCI. J -11D f(U-UNDINC, PON AL V1, Id'A'01,vi-D i,y t I y #': I iw j 1 (at I fio C, i t V L), 14,julldr. WOW, minnabotal -jr f"-1IC?WnJ r I Y Vr 14 !1!' 4 11 'A ill Y 111 C 117 S I ft,MnUnt Of 1,511 4-mr-ul-B of 'Y'20fo, u-00 Wlivin of 1960, and or I InG i P" I A fmc, U 14 L ( i F is j , ii=i 6 It. a G, 62 V- y ij *'• hiLl I aj it — tion "ter Havenue Wind;,# all dat-ed firivet--bor 1, 1196-9, wili-h outstandw inti bonds beAr Intara3t to n.Aturfly At, A ormilAnPA Av"raqfl annual not Into -rest rat=a of 6,80 1k. Tile- City ha b been Afti-ned by Ehlars A&SOCiates, Ina., financial 00,100tantR to the City, t-tifit the -into- rent east to the eifu Could tit- pubstfini i h11 V by refuhdiftit * in AdV&ftCfi Of maturity all. outstAnding banda of th& above 104ug-, ArA A that the rofun-din-V program cmild, at preownt, hr undtTrtaksm in such i -A " 4 - �_ , applicable 1"aderal 1aWL; .4.-.0 TilLurnal Tvvganuc Vara c! fipgUlatJon F - - V C a re- IaLinq to "Arbitraya bun4s." it in hereby found and to be AA7 Us,- b,9#t _int to CZ- the City to V.roca#4- with the advorti"p- - awnt for sal' of 011,048,000 omnvir;jI i ing Donde for a ohl qation Refund such purpose. 2, Otero & AsnoeJetes, Tne. he presitnt.0 to this CoiWLI 1._ CVf -thw-Official- N-n-t-ics of and abbraviated no as al A "Ivh- unto. attached hAreto, and which -Are-htwobv 4-?PWdVqd and shall hp, placed on iii.ebj. the Cierk-. Each and 611 of ii lll�i Jr A�Uuii -or *A',' bwAs -ma d- a f Von stab*__ rA4f4LAV& Council ahall WW&L oL Lim at sate, for! twe Purfmus-* ter --ftneievving annied but I"--- 3-. Vj* -C.Airh it authorfaid- arid-idtiected to cause the t6bre..k., Viatad n0tt:4n of sale to be Pubtloharl _n i- lntheqaA w ' -,W-.Per -of 'I( -ne cUA_h,_m_ (_!.j ty f andonce f Commar-C-1 a- L We-st- a- t init-n-0 i al -_ pari idljeaj pubtished it Minneapolis, both publir.-ations At least tah days before the­d-ate--ot said neer~! np : - -- - .- ... -. _ - -_ _ _ .. _ fat`s l�-�Qt-t#t?tt.. _ -- --- - .. - aver -- --_ ttttet I— Mri� Ashen CTEY Clark Tht- motion for the ndoption of the f oregaing resolutitin was duly asuonded by Member Picker And upon vat* Loing taken F 0 Cil - thereon, the folloWina voted in favor thereof i Mayor Johns0ii and C un A664-s-ritkar, lodges unif Baumgartner &flu Las Zollow1hq Voted against tate same UOU110 I IqGMU@r 4119IqU161, whereupon said resolution wan declaraJ dtily pAssed and adopted. M"r Mv wtr -Dnva Alvfa. an All t1finiiii raw" pur 4t- -174 -c 41 - ORDER nP THE CITY COUNCIL Mari —Achan Clork4dminiltrator Further ifformaition may ba obtaiin6efrom 4nd bida r4y 1� M- SHUM AND ABBOCIATF-19, INC,# 1 -�Mncasl conguItantse todtlivorgd tho city, first Mational-Sclou -HUY Lin* ConcoVe' go? MurquattO AV11"U", MiYd1#A06jj*t 04 Q 00 11! !1 t I-.? Wlnry rnt �11 until iltin O'cirick Purchnnu nr L"011 AiM., will 1-1 r&ct-ivv-d City Hal) CPT, a14 '�17 1tviry P. 1976, at in Moundf, glow, 6F� rbc determined ire t: the bond& W3. onc), bgar 110 City lops intere2t at g rate the 14te of "a1g, ancl ncA t will matu tinn fjvt J70 Oil Fabruary I (S) daYl; vj its-ttj in yeara And AW-�Ujjtjsi tho following ft)City yflar U -bunt tLturlt y wr SOM0 INK 1201000 861000 INV in 2 and IdtGY UPAPS M"r Mv wtr -Dnva Alvfa. an All t1finiiii raw" pur 4t- -174 -c 41 - ORDER nP THE CITY COUNCIL Mari —Achan Clork4dminiltrator Further ifformaition may ba obtaiin6efrom 4nd bida r4y 1� M- SHUM AND ABBOCIATF-19, INC,# 1 -�Mncasl conguItantse todtlivorgd tho city, first Mational-Sclou -HUY Lin* ConcoVe' go? MurquattO AV11"U", MiYd1#A06jj*t ��i.'f_•I LI{Sla `�i 1.3'#{`t,� ,s4,' I,f i.!„ L!T, '"C-71(01 Mi,: •. L,f ft nif nr., tion Rofu � Tits Bonds fif l hlr f �tr f Mou ar i ' , ,ijj, � will hpR - r�at�r,9i�i��s�ta wzll L? •` 3.'C %sy i ON O'CAUUj� A,yM, t .3. . '.. tm Thum ty, vf+7-runry 1 { 1£076, at tete City Hall � in I1auna� View, �l�nne� 1 sats j a tat,ac times i +id w3. ] 1 �; Arun- ; C 7 opened "!.d rficQrded. iVat later than twent fatty f 3. tic urn following tho t irnr sptaified for the opnninq of bids, the City CO.un"U wl11. fk&e. of i ial action - va lit -.t1ia s{.M& ar rojectltt0 all bids. Thi 8ontis Ar& ©il:arc/d for F sale Uroa thw followincc terma: `gi.W-0u A4J't1(!'i rs� The bonds w 3.1 be isausd pursuint± to Ch& ter 475, Hi,nnesota - U tu - e d , . ares *da f rom the - s& --it -at th - Dams wbe - Use LA r nr1 in ndvanas of maturity autsthnding l -onda of the .. - pity i►i the rOv"La vt #�1,04-8,000_ot the 3.r.a"_0f-jmp m_ .€ Iation hater Revenue Bonds=, ea�� # v m ivy 1., 3.069, Bid praeeIsdo will be _4ppi sat_ iie h ra asii +i!- Y 1t _.Rtatea -ar its a'"oncles to m -W=d - 3.ral3.r 3.ru - fay �r p�trpi#t p-=-UiF . ru W L44aar due On thre hands bob, t _ nt, .ndee • - TYPE wbi.cth th-p sr; finit taxis ��'��-�itia�+ of ;5,�i6n as<��t, �►n� wi1�. fi}� 1 a= - sat tilt - Y iiia-�atrti'*tt T " S `tom 1 And Ali�+UAt 1. int least five dsYR rit+r to thQ 4AU bt Sala, t o city will. bathblist, the rata -cry rates o ihtRres� tl�- ►n =i�td , -di niysslr UvabmarsiU - -- 900OULE ANO RPOEMPTTON PROW AT0141,RV' UPS - - The handswili mature an ratrr�^��, - uary 1 in the following years_. --- . 13. tuxitx Yes Amournt MatUr! ty _Y 4r - l844 �Ot0Y0 _ - 80,1 HO mtm 95,000 1004000 1986 1986 JOB7 1988 1909 1990 1991. $115,000 120,000 90,000 18,000 1.000 15,000 15:O - --�•.,���,:+ r-*-, {,s. y-r:at..-.i , ift .i i:- r f :r- qtr ;#t°i cii t (-i i i itllli�:''- F ; 013 T i ] !tf:i ti{#=i ..,;I rt4 t ;Info [ iiorI!ni t rt P_T plux nr-rrnVd jy1t, .'efil Flu LII pliIt- pai 01 t#; ;L7 ill tt'Yt'i;L c?ii L;±r:E fit 4jidi, w If tri at Thw p'114j;t t#r,',�jC)rt;;j lsarfY; ttt vaa}#t !r;#jj., dli };t, }vital t Fi nrit U) r, . Tho City will poy the CUutopary char en, t,,yPF: OF 1:11-3 1C� �±ss�.�rt f0 r orot I c t _- tr-.41 tlig i=iit'ttir'tisf'� �i�r�b t4i1Y� city will . ,t a ,t i i# l? ± j.j2rIL':.r pr c c t 10 -v fi `e (`r} Y= F ,� the date of axle, and Will notify prospactive bidderal plus necr.ued interast on the principal- sum of $1,045,000 from the data of the nda to the dtite of delivery, must be filed with the unlsrsf,9necl jiri to tires spearif ,ud p4JUvia f -or fpijnihe, .- inti®, together with a aoreifled or eeshie;r'n c=heck in the amount or Sn,goo, payable to 'he ord'at of the City Treas;ire , to WO rstain�ed an li-taiaated dt�mar es if the hidiOtar fulls t,,, rt -I— y with �:he at -ap Oj ),314 taa tied lam. rga_ 3� �d br wtthdrr�wn after the time aponifiod for a>.lening bids, Unless all Lida are ro jecW 1 awmrd will bemade to the - }ter -PrOMIUMV ... e why _ _ ---- --- - thi!- A*ard, tba- stuccessful bidder will be furnis11.40with uit �—Fifes fflafy -c -.. -"t,i1Vai-u4���� —. -w.i`i- $:if3t�^.-.k--r6i�ty�T1#� #ig- #{ltx'4#Y#1Q #-7#+E1T1. g - Velivu " will be trade at 6he Pt..rst t,ation-al imnk of saint Paul, in op n _ -ar► r nnn18ur�_ yam_ low .rho P4l1#onA W4 �ttioitt; tiaiili, the sppr-virtq'opinion of 1jarsey, Marqu>rart. Wi.ncthor--sti 14esr 1._Hal* gda 1 neaps M � i + - b e t l: ti: the -Donas -ora A it and -_ le���ri��; bii'idin� >�e�rf,ra3. obligations of the city itttd, unless paid from } otha� eou;rceas�.�p-� ircm/-aA��-or-e>» �t�k1��►i� ��cn�33t�►a _ property uiih3yi the r.iry wit -bout l s ttalicn as to rate or Ih the opinion of band counsel., interest= on the Bonds will = from -he eKsmot COM. t-sx Im sed-by--the--State-af-fi-inn+teotatd--tha Unit od States (except the Minnesota corporate frarahise talc based on income).Should such opinion charge p;r*ear to the delivery of the .. the - purchaser, qhs wining bidder maty ,be excused from his obligation to purchase the Bonds and have his bid chock returned. r� r 1, fly Is— Lbu f'w a Ilk, �Jjc-"L;v Of thn.14 t Irk— I, r , i r tris tielivUry th� Vtil ivub Tii Citi any And C11 Li L4 '7 iiC 77 1�t it)n "Bf to waivf� to tIlle bids and to A. _Y=rwJUl"rltY Or in- Qj'otirn the anip lornality in -ADVITTONAL Tt4r.,C),"NipTON, Cop' rolatinc tn the of the OfficJ41 RATO A"A 0.? the Midi to-Fhler 14 t04 VC furnished to n m%, 1-1 4 A" Jl'� tun ta "InflOgOS%4()2. jr I X"c7ultst4, 4 UPVI 507 I'larutt tleu !IVU -4Q, Minneapolis, PAAxwl L 4JAAU4- Tn �ITY C-OUNCTT, nerF Acnan C arkmAdminiwator