HomeMy WebLinkAboutResolution 1098pq It (-Ay
r'l, -ItIt V, t iP:" ithl! !�'ItWO 0! tw L I v 1 4 1 rej
firld (�rj Monday, Nliatch .14, 14 -i -vu, ait I -w i m. city
Members absent t
DOcuinanto Atv_ac�f--�-
Minotpe of x�ld metstinq
PXSOI.UTION KIC.
MULUTION AUTHO/RIZING IqHUANCE,
RDING SALE, FiXlN(; THE FORM AND
D—MILS AW 4"VIM-NO FOR T�HE OWMNIT -
OF 873,000* GINCRAL ORLIGNTION NANITARY
UM14 PNVZWJV SONDS
th]4 urldeirgignod. he I ri-I thr- fliily quAII(Iod gind
tt bt
PPf*Y0d-
tAQAW_ t ty=—.
4*741tVill'i %hit the 4146111hontfir Attedhed her t as
�A
LV& Albe"
VIIvjvnwL &vv"r"' r 1_4�4441
--ft" 741140 they h4kVv bV*n tranooribeds that _v4jd,*w
was
W slept n a was
09441a Ist the tIAO d -A
a and WAR Ohdod-
ila- astla t AuOh asitting. givioti. all r Oqt�j_vvd.
RA
Mt izer Uth
this day of M arch# 19 0.
Jettray Nelson
Clerk-AdMintstrator
iU_
( �' . . ; 11: 1 - ;!; , � !.: i � .
- f.;
Is , ; f%" '( I I! , I -
H104okUTION Wit
AWAAWNG SALK, FIXINO THr FORM AND
DET�IL;13 ANO PRDVIDJN!�', FOIN THY PAY.Pit'jil.
or $75,DOU GFANEPAlt Olilaii-ATIONI -A?Jf"'AhY
gpiqt. .. I i. ..'
VIR 1RLVKN H' MP:M,
pw 0
I ;f thL City f
rz W A t
Mounda View, MInUID9107.0, a I " I I'
Alithurivut Inn fit- Bondt-'* It i6 hibf@by
@UP@iT1Fv-VY3r the ett
deterinined to Oe nevok-AlY AJ,, to
tasuo tind Laoll ItA Gri-CA! Ot�119,ittOTI Sanitrity friewer
fteY#"j4& ponQfi in L110 pf n"ipol WHOUnt UL 0-51000 to
f inA11CO the coot ut 01('Ajin rOP41fR tO tile munivival
Lit p &no asle of auch
sanitary sower syntomi oW 1GOtlarti;-
T--!VhvT1v1YY Hut hril I -W to 141pneflotA �#tatut"_J-_
Section 444*07% and slact ton �i, I of Lhe City ChAftu,-
cowncil, acting
_-4 -
ova" t to Mirn6Q:i"'-j,'F iXf� �A c, t I r, n 4 7 5, 6 0 , h a
;lt-_ -
_put
it AgAOLAM06, inc. Lha C'Ity'a- financ
-a Sul syftf
of r9(ju*801"i
ruob boAds. without pubjjrt�tj6n nottoo
~W 41
ApWvIt4mf tt*U bats -45 t AAwne-Wry
-till -Imen-
Aintu'vot -fort rv-,-
- L hit CA t AM SP -1 -to rob
id*f the A livot 41od city k "11 A
=-autho-Trized and directed an b4half Of the city to
1004jrd-Once....id-th tovall- at .Satd- Ot 10T...
rms -be-
41v-pA#.A#tj1d V9440raloorg tary Sewer itavanue
____ -
-ve— L -vt--81'
_401we 4a the Or"a PC-naLpal amoun DAUVO
Oall be dated tin at MA to h 1- 1980, The bands. $hall ht 1-1
--nUpbor -and- through 134- etch InAbIl
nomination ct�151004# Ahill Mbtdft in OC46f Ot 110"41
an March 1 in the yqsr$ And AMOUAtl Of"t torth
tijji 4jf prior paymontt anti ahal.1 heAf
below, witbout apt.
7
f6ki I. f rujM fidt p 1�r 1 A..,u, ont i I paid, au ut-,,7 fit PV1
WIM11111 BVL [whow ()pp(-"1jtL- f-uC11 'L�j-"L
61 a
Amount Ra t Year Aivv,lint
r, to rest
Dot 1985 $16,000
7.001
OUG 7. -14 P7 -
i0oo
Oui
1963 albob -7i 00 I 9H I 15r, IUD
7.001
1084 10,000
All interext #hall te payaWt ot, each march I &no
A*Pt@Mb6K 1, COMMencing on Suptimber 1, 1980. Tho
PfinciPal Of ond int"tatt nn thg bonds phall bt poyAb-lo at
-t-hWWG-Fq-U*tt@
Nmti*un*a-1 Bank in
MMSAPOILA, Hinno ars, and the City dot -can to Pty
- -
tile
nt mal d pay ing agant.
Bection 4, VOTMA. The bonds nh&ll tw printed In
No tormt
SubstAntially the tolMwr
-M
on
far
',I! 'A7
"i 4 Y E-1 ; i V 1.
jw i. . 1 .1 1 N:5 13. - r A
NG -W A, 1, HESENTS Tl.Al' THr .1tv. f
!"In fit
mounfis
ftaMSey OullLy, MiniwnuLd# &C-1'nC)WlPC19PP itGelt tO
indbbted and tar value received prOmiSea tu Pay to banter
i_ht sum at rm THOU$AAD DOLIMS On Lhe lot 4AY Gf-MACChr
without opfjo�!* of prior p4qmianitr and to pay �nvlercj;t
on osid principal gum at the rate of seven Voicent
par- &RnuM,___trom the -date !I-Pr*at- ufitil said prinCipal SUM
IS. pa , jjAy4Ljf. Un Mi1j;qjj I apd SrptwMbVr I ill OdCh YVAt
_--op"noing on 04ptember 1, 1980, th Act5fdonce wit'h and
Upon tosentation and surrender of t1he interest CGuP0nA
vL,:_Jtbth- PTAM-IP-41-And intetvlt - *It -
Fable at thy mxrquatte Naute"Al SaAk at Wrineapolis, In
-MeWtIst i4itnitseta# in any- a*" of qur_r,&Wy ot the
etat whith- on the -GA-t ot
V 4-0 toffm i %eTAVI: tar h-liv anxi -private- 40ts, --
ah
Ir-hiij 19 GAG Of A4 iVVUP
al-_I:�Dt 4j_ka date im
tv
—T T
-bar
WW�0411& A_
Also KAV
conformity. with. tho pfovislVftg.�
SM111f . AW
7AW
qf
r—.4111- -sind .10yetio �-of! -the..
gnu
WNW 06A
. &
to -d" ;WPi W_ by the- Cortat zutlAh:4":��
RIMANDtA It be :donw -to
AhA to -]is- 04 -19 -rood v face an a AM
hop
i A i -I 0 -a t this- bond_"vftx_ _Mako it a valid and
_rp
--do-ex-lat [lava
happeni an &vs -
been do($*#
4mo AM Manner AN 60 r6quit"I
n regujor aP4 due form,
aF�
that in rivid by r i-tv i i m. rim hor it i rjrj t fitf: i %Cm, ot
kj�ondri, the City fj&Z2 tincl ailieva with the hold�rF
f
0101,9t.14 fril thv I -tut V11 t�' kluty fkilw 14 V a 1 1 �� ij I i I. t- L -F
affiounts requi rea to produce net. rovenuen adequate to pay
all principal and LnVr-ie&t when -due cin the LiCandu OL thin
Issue, but the full faith anij crtmit aiiu taxing powers Qf
the City hava 1jeon pledgod tn tho pjljvpefAt Ot mich
principal anti Ini.erefit Wirt, duti, atid ad volorem taxen, it
necearpty for much purpomi, wi 11 h. levied upon all
taxabIn propofty in cw/, wir-hoult I imitAtion
rats or amounti and that tnis bond, together wit� n1l
Othef indubtednmmN ctf the 1 -71L -v, aut-aLanding on the date
rfortof and on the dfite of ito actual ijusuanev and
delivery, dovim not vxeeoa any ecnstitutional tr Etattatort,
IN WIT".125 MIURROF tho CitY of Moundi Viow,
_VQXMy_f_*tmn-e%n—ta, by-iti; City Counci-1, -has r*vs*4
hi.2
this and tO ')a *XacuLed by �jlv pi'i�Lrzd &'AiCalihile
*ftVV 4CA-he-Mayor And- the Manua! siqnCktur" ot the
city Clark-Aii(ministuator, and by a ptinted facimil* of the
do"-ft4flAfithilirsto ana the coruitivate appearing on the,
_444#*t"� *14* -htmof to be-e*ecutsd by the- prLntmd
am
614t -iff- dated- aft Ot -Ma rob If 1M.
- TM
aF�
. __ � � -1 _ � � —
RL rtj f hi- Ifi"F �. 1, if, k' A Fit - , , A — , t�- ;'� *
U 650 [It CAJ bV ��C- I I VC Y IiUWIIjChIud I_4jUjj(j[.f. aLLAChed
OtOi Ili &Ub."LatiL iall'y' t I;- fu 11uWiliy lu- 1r; '.
5 -
QP the i9t dav Of Septomb
0 r (p, A re til the
:y of Mciande View, RtAffi'fey County, Minnamots, wTTI pay to
Irer lot thq Id'arauc,te towtionjil f)grvk of "Innvapolis, in
iAeapolisi 14innurpotai th* amount shown hot*"
in I*wful
my of the Witted Statou of America for intereat than
on Lts Conetal Obligation f0anitary Sewer Ravonue Dona,
d March 1, 1910, No.
--city mayor
_SWI - 1W
IlutmtAftially ty"
rXiMed on the roverso sids of Ouch bond, f6iloWL" A co" --
at: VW tAI*t Ot the I*q*I Opinion to be rendered bMW
UUMA---te --bond- lost
..... . . . . . .
;i r
c t t
(1 1 i 'F, lit 1 1, 1-
I, dm i n i iit t 0 Ml,' it L I&
city f4y the Print.vil lour-imile- is 1 q 11-3 Lu t v
the iniinual FLqnM-'tIFv (if the CiLy (*IPrk*AdMInIUtratUf, Anu
h"y a Printea raccimile of thv otf lo,al cOrpor-mte 50AI Ot
the City. 'I'lle ititt-Itchl, C.0ijP0Ijf� AtLachell to en'7'11 hnnd and
thv 1"41 opinl4n Ourtifica" 0"11)
dutbe"t Icat"d by t lip pt inted i ac K Ifni IV -. ignIALUFLIS W the
M#ygr and tj
Ci ty C�atk-AfIffiIi-nif'rator. Whot tht- ttondG
have bmop no ox"Utod and wit honk icatedi they fihdII be
-i to tho ptir.-ha9pr
d0jIvL,rgtj tj,,, tfif? (lity
thowt upon payment Of thO PJfGl'a'4U' Ptl_"' in aCcocd4nev
with the contract of 41ale heteLvLoce MOUC 0116 ex0cutedf
�kl i Arf.'i i n te. rho
Hiij M.;4
s"'XicatlMn Ut the Pvc-4hawp Price.
qnA Tho b0ndS
herein authorited vhrt�i. aniL#rY S&W*r
IoM vu-nd- cd' the Citw 4bich rum ahall tv MnintBincd Oftd
kept by the City ClOrk-Aciministratot apart trnm all other
u,641 tor 110 purpose-, than the
-arll 144 id- -"imAx
At Of
-4twh-other gatAfral abligAtion ne.war revenue bar0a of the
av I and that AL "Y
t principal ot "t- goot shall liecuffit d'.A wher.
I Tit 0
. 'N '2" %t
ly
to- Pay PC;
i- I -_ , rvi—Fal w
Annow
tvam the PurchaLunt 6 q
a t
at §jDj-tjk WIN, an
4
*hIltliuts s AtIon And
-at-jig-id utiIttVU_jftdL_tUt-___��
Said- ijtiiL-Ity# -oftst
sts deg-Lved 910W ch . a-"*$ Of
Ow
K-1 - -
r1ft I fit Cn"n-V t fir TV'. 1 1 1�4 t
t I I L- I) t I ni- I I I is I of � v
i4Wf.rnjf!ZP0 whvn
Srt.-t ton H. Rate, Covvrint. 11ursuant to Minnanota
St At. utui:, gf-,A to n 444 of View liarefiv
covenantf. and agreo.v witri thb, hu"'IrTs ( —IT, t1frie t- I
i f) t i L ' rh t, 0
the bundu huTrin nuthurtivd, thot onti'4 tne- toiltis and ttie
inttEtiiL tht�feuh blij
prividc4 in Section 10, trin ciq will imposti and colloct
reabonable (Aargat, ftit thr. servico, U94 and AVAIIWAILY
of Its munioirjai cr�nilt_aiy Wt-ility aL;t��Ivrjjtjkj to
scliedulas outi-ciont to prc;du�;v v
-let revqnuea- of maid
t'"Y ol; f" '441'.4 'Milvs#
d1le On t1W b_�nds hef&iti Authorii4t-A; and vaid net ravenim-so
ii0the extent necessary, are, hereby irrovivahly pledqefj
r 4
authort!ed nnc! inter&t!r thrrenn when dur. Nnthing hi,.%rqjj�
*Mll VV0,0141116 the City ffom hereafter makinq further
pledges and appropriations nt the not revenues ot Its
Municipal na nituy 9QW*t Utility f0E b&VM*nt at additional
-"t�fv fitthv Ctty herearter authorized it the City
CGUMU =4eemin#L before -the authorization of nuch
the--UtIlAty will bo autticiontr t6q*i.Jtor wil;h any otitier
P kdjvd to tho pay"nt ot the outstanding *ad
-00tialial obil'ostAnna, fo Ut. the -ou"tandi-Mg-
-r.payniont
1� -such *00d 'tional ohlkqatiana. Stich turth �r
:�J"iovx -of �011'14 pin rtiven."140 M*T.be
in-si pff-T-1-ty- wit- ft, --fhr,
W& &AM
Irtwiteemaw Pledved.to the PAYIN 0 Ici al.
of�th - Prir .#-.
lVarvifti,reall; on the E6*do when d
n— _ua; and,ji A'ecov#Ary
Ueb Pr im4vu 4""' lftnm- VW=Ct*-
4mont of
AWL! IAVY Id 0616MA thi'44 On all taxabl* property wLtnLn
Us aorvarate
--wolts, Without 11, Itat A -as t --rat a -r-_
Am -mat Mawtvi r It is estimated that the not r*;:nU#3
#d tZ7 the lot the bonds wl I I not be lessAhs"
Uttse-St WhOn due, and accordingly no Lax is levied at
thlis- -time
Section 10, Defeamance. when all bonds of this
L -hereto have bein
AR a Coupbna Wppe"Mnq t
d miiprovidod Iii this %action# all pledges,
664,enaMs and other tightli granted by this resolution to
tm-hainvi --ot-tho tonds AhAll oaaies Thy City may
f 1
It I
Wtl!- 11
fille i t may rit—*(, r t hf- I f— I -c- f- 1 r q fA V11, Ir i t i Pq A-,* i t h
f li� fit
df!"-iun; I t t'i i. 'T j:t:
4.1 1 fv w 1 L I q t I
U 41 Q 1, 1-jo 1 -4 j I I i j I I t I v L I t- k: t jjt� 1) t, 0 v i U of) 14
1 AW r1ow ot h-rctifti4t atith-i z i q ind r va ji.a I -n I i nq ruch
act i0r., I-- dt-por-, I t J rvj 1 r r r�vvc a --itf, in witli a bank
qua 1 1 f ) rtri by I q w _q A ri*,crow ; U R Mot -
11 t for tni - p tpi)p , C,
Q jf S L U I I L (J I- U I 1 1. L V, 5' ALU2., tAtIC-11L �illf.il
buthiorized by law to hr so derjonited, rinarinj intorear
payable. at ruch time-, and tit such ratet, and maturinq on
fouU11 ugstuh On L�iifAii ov tequttuu to pov aii ptinf-tpaaj. anu
i M I
i tervat to b,.:came durs .jn -all bonds at tno -,srue r,.-. and
before their rvxF,ct1vo mmttirit-y date'.,
Uection 11. Ht,-�iatrdLion F Ut - Bondt.. The City
Clark4dminixtrotar ig bareby autbortioU and nireeted to
file a cortitled copy of thin rpoolutior. with tho County
Auditor of Ramary Olunt t ther with auch other
Informatton as he rhall r_q'u?'rOo__,__a_ndto_ Obtain from naid
Y,
County Auditor a vertiiieuto th4t raakd hon0a hAve ho*n
*Aterod afl his -htmd- -"." flte-t�,- -
-1,200tion-l9li- Ailthertication of, tiond -Tr4nsvrIRj#
--Tb 01 tu Z -f 4. -01 - L he C_"Y
CounL� ate harpl)y Authotized Ahel dlruwtol to prupare ants
__LLE
ot zn1d h nd a, atid ta the
I I ") nt Eno
4PP Ov 4 nq ---- _b Jett o I j - ___ - t
7
attaiiiod oop-tea at all proc-ar-ri i ngra and -jeordg of Uht
go-Ifiting--tv- Jan -id bundia gnu tu top t iiiane jVjtgOndj=t-txry
ty- An& nuch attlet a ii -t 14.4i"t I[#
"Ati-a" - -4ad--infurmation at stay be t -4 4uired- --to-- -show- -------
-tjW-t#&k.# x6lat-LA4 W-Lba 16441ity onJ mAtkatability of
Amid b0huO toib t1w OpPtliir ftom thp booka jand recutdIA
ft-staft aj,4- cotttrbl ri.n.
r t:wina nown
4M
thaffit and all auc7h cortUiudire-upoius, cartificavas and
b
1OPYQi?QnrLj1ti0n;i Of 11-M C Ly act to tilp tiac-tii chaitad
sitation 13. T& Tho Cicy covanantg
I"d Wt"--tJM_ holdorit from timp rn '"mp nt A,+PAv4n4r- ------
heroin suthoriiod, that it will not take, oj iN. rmit to be
taken by any at Its ofticerst.employests or soents, any
i6iton tah *Wauli aflune the Intereffit payablei on the hands
btaome subject to tikation under tho United States
0 a
S �tion 14. A r r r f i r i t, a t 1'. The MAYor
- T it Fatur rn-i mi thi-F-of f icar5 of the
and the Citv ClPrk Administu
C.Lty Charqvi with the rer-ponnibUity f' or ivouing the bb6d,.'
p4rzuant to thiih reauldti uri, ate aithurized and dJrected
to execute and dolivet. tn the purchatier a certificittior, it
ardor to satisfy the nrovinionc ot Soction 103(el of thp
internal Rovenuo Code and thra ru-julationg, existing and
PEOPAWs proMulgatod thmreijnm#�r.
Section 15 Hereal Honolot 1 -un No. JOBS
a4uptud Fobrunty IV jl-l�y FOff'-A.14-d,
?4 t tv is t I
E L
The- matitin tur thr- oaim�tiari- ot the tPr#qmirjq-
MW UMly fiCWwbv1,rJ:4 1,y #
and kipon vote he i ny tarsen cherf-un# the it-11owiny voted 0
I -Em
and the tallowin4 voted 4gainut the Pi.mvt
41mroupon gaid revolution war, doclarod dily panned aM
L----
2autip I I L t; I it - f t::.!
f;
t- 10
1
F f F Ii— I L
�- I - f- H h m I I
a ubjr,; t tO tax,,it I t,;i ijl—f 1
1 lic
I jil a ?-I-,
povt-flii,
"i'do,
Internal Rovenur u; v a L;
u r I, d
V, r. i c- I ri i
uc uAc- r.
t �V Cod -P and
all regulationL, imetidvil
c vq u
a, I un j; q.jd
p I of p o
�-: Vi
teouliLlonh i6AUVII Oictutind0i
w- now
rx t NLInq
Ut at,
hOrO liftV t' AMOrl.-j"Id ',�# 1,- 1
0 a
S �tion 14. A r r r f i r i t, a t 1'. The MAYor
- T it Fatur rn-i mi thi-F-of f icar5 of the
and the Citv ClPrk Administu
C.Lty Charqvi with the rer-ponnibUity f' or ivouing the bb6d,.'
p4rzuant to thiih reauldti uri, ate aithurized and dJrected
to execute and dolivet. tn the purchatier a certificittior, it
ardor to satisfy the nrovinionc ot Soction 103(el of thp
internal Rovenuo Code and thra ru-julationg, existing and
PEOPAWs proMulgatod thmreijnm#�r.
Section 15 Hereal Honolot 1 -un No. JOBS
a4uptud Fobrunty IV jl-l�y FOff'-A.14-d,
?4 t tv is t I
E L
The- matitin tur thr- oaim�tiari- ot the tPr#qmirjq-
MW UMly fiCWwbv1,rJ:4 1,y #
and kipon vote he i ny tarsen cherf-un# the it-11owiny voted 0
I -Em
and the tallowin4 voted 4gainut the Pi.mvt
41mroupon gaid revolution war, doclarod dily panned aM
L----
!T
Y' A V; N' f
i
I f t t 1 f -j I
I t J* - u I
v t2ulil i f lot] a lid
Act (--tJ :tj u F -I Y I I I j i -f khm-1--tv
C -i �lt Mi
fific-got a h U.- r p 1-1 v
(10 r. i f Y c lid t t he 1; v 11"I., ti�—J! I I I i'J
I m vv Offirr
a cvrtifivd
C-f?Vt-JV W the fer(ji..1 -'11 011 The 1 .11,
-'IIY of
Moundu VAI#w, minnn&ota, Atiopt-:-id
Match .14,
1980, setting
'or
ObliqAtiorl SaMitatv Se-wor Ruvonue
flondi;
the City darod
Match 1, 1980.
I fUrt. ho f i I i f iv f Ita t
rd id hfind
i nnutm haR hnnh