HomeMy WebLinkAboutCC RES 68-043 RESOLUTION CALLING FOR THE PUBLIC SALE OF IMPROVEMENT BONDS OF 1968 Meeting Sheet
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105092
Box: 34
Folder: CC RES 1968
Document: CC RES 68-043 RESOLUTION CALLING FOR THE PUBLIC SALE
OF IMPROVEMENT BONDS OF 1968
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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
Pa ge 2
than ten days before the date of said meeting.
Adopted this 19th day of August, 1968.
Mayor
ATTEST:
Vi11 v
ler
tOge Manager