CC RES 68-043 RESOLUTION CALLING FOR THE PUBLIC SALE OF IMPROVEMENT BONDS OF 1968

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d RESOLUTION NO. 68-043 RESOLUTION CALLING FOR THE PUBLIC SALE OF IMPROVEMENT BONDS OF 1968 BE IT RESOLVED by the Village Council of the Vi l l age of St. Anthony, Minnesota, as follows : 1. It is hereby found, determined and declared that this Council has heretofore duly ordered the construction of the Improvements listed below, at estimated total costs set forth opposite such Improvement designations: Designation of Improvement Estimated Cost 1965-1 & 2 Street Improvement $ 34,850.24 1966-1 Street, Water, Sewer and Storm Sewer Improvement 55,322.30 1968-1 Street Improvement 99,183.51 1963-2 Street Improvement 34,183.25 1968-3 Street Improvement 18,236.60 i 1963-4 Street Improvement 613,981.20 Ramsey County Ditches Mos. 2 & 3 103,955.20 ,- $ 946,508.35 and for the purpose of financing the cost of said Improvements it is necessary and expedient forthwith to sell and issue Improvement Bonds of the Village in the total principal amount of $946,500.00 in accordance with and as authorized by Chapter 429, Minnesota Statutes. It is further found and determined that it is necessary and expedient to add to the amount of said issue of Improvement Bonds the further amount of $13,500.00 such further amount constituting interest and being represented by the first-maturing Bonds of said issue, pursuant to authority conferred by Minnesota Statutes, Section 475.56, as amended by Laws of 1967, Chapter 481 . 2. This Council shall meet on September 10, 1963, at 7:00 o'clock P.M., C.D.S.T., to receive bids for and award the sale of the $960,000.00 Improvement Bonds of 1963, as hereinabove described. The Bonds of said issue will be dated as of October 1, 1968, and will bear interest payable July 1, 1969, and semiannually thereafter. The Bonds of said issue will mature in order of serial numbers on January 1 in the following years and amounts : Year Amount 1971-77 $ O-,000.00 1978-79 50,000.00 1980-90 40,000.00 provided, that Bonds maturing in 1980 and later years shall be redeemable at the option of the Village on January 1, 1979, and subsequent'interest due dates, at 100 3/4% of par, plus accrued interest. The Village Clerk is hereby author- ized and directed to cause notice of the sale of said Bonds to be prepared, and doto be published in the official newspaper and in the Commercial West not less