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Res 77 - 3 Extract of Mintues of Meeting of the City Council of MH (1/4/1977)._ ' , Y �.-Y . # J e . � ( T S ' ,f _ � �. � � - . � r f - ' . . � � � ; ' Y � �, .` e.• ��d � , ' y " . ` � ' • ;.Y : 'ti k A.`w � F U_ rw , .. , ' ' , • • / / , �3 � . �' • : . .., ��' , ' . • . y ' + - v ' ' . ,^ . . � � E�T OE MINUTES � Or N��TING OF TH� �', ` ' � • � i � . y ' , F ' ♦ CITY COUNCIL OF THE CITY OF � •• " ' ' . . k . ' . ` � � ' , MENDOTA IIEIGfiTS ; MINNESOTA � ' . . ' � , ' - " . ; �� ' , , -HELD: January ,4�• 1977. . { ' t " , " � - � Pursuant to due call �and,notice thereof, �a regular 'meeting ,of the City Council � Y� { l' ,_• of the City of Mendota Heights, � Minnesota,' �was duly helii at . the City Hall in � said City on: the. 4th day of January, _1977 at 8:00 'o',clock P.P1. ,.� , . ,' ''' �' � The following; menbers wer�e• present:, Lockwood, Mertensotto, Wahl; Losleben �� ,� � � , _ . . . . �_ . . ' , � ,. - S chab erg - . . , � - - and tlie following }were abs�ent: ' None . ' '. ; •• , . , . ' . ' . - ��, � - � - � ' � . ' • ' .. . - '' , ' h. . ' ' . . . • � • ' � . Member Losleben .' r�`introduced the following.resolution and moved its -•,. ,� � . � adoption: . ' . _ - - . , • � _ ; - . _: .- � . ' � . . _ �r ' _ � � � _ . �. � RESOLUTION PROUIDING FOR TH� PUBLIC SAUE ; = •� � • � � � . ' � . , OF. $585, 000 GENERAL OBLIGATION IMPROVEMENT , • " - � , - , - � • " � . . • ' , .' I30ND OF 19�� - - , . , . - . . , • - •:, .. . " ' ., • ,' - + ,- . ,. . ' . -: � � .. � - � - , x , . . �. BE IT RESOL,V�D BY THE CITY COUNCZL of the.City of Mendota,Heights., Minnesota �-, , � . as follows: , , ' - ' � - -- � � • � - � . � . � � , • Y • . '. . ` : . .s .' KS . � , .. . '.' . . . . -.+ . �,]. By proceedings duly taken in�accordance;�G�3,th Minnesota+Statutes; Chapters - � . 429 and 475, the City duly issued its Temporary Improvement,Bonds Series 1974'- - � dated August 1, 1974 in the-aggregate principal amount of $660,000, �all of which -�"� - bonds remain outstanding` and mature on Aug'ust,�l,: 1977.;: � : : - - < <�` � � . - � , - 2. It is hereby � found Go be in the- best interests 'of the CityN�to fortliwith , -� '�.' offer at public sale the improvem�nt'bonds'in the amount'of $ 585,000 for the ,•_ - '_ purgose of providing..funds which �in addition to the funds- on� hand 'and available :' .for that purpose,-.wi11 be used•to repay-and redeem the�Temporary�Improvement Bonds. - " . � .. Series 1974 Dated August 1, _ 1974.. " � _ . - � � ' .� " •. ti ,� - . . - � .' �• � 3. The Shaughnessy Company, bond-consul.tants to ,the1Gity,,has presented to� �,� •� " _ this Council a form of� notice of sale, attaclied hereto; and iah�.ch is hereby approved ' -r . and shall be placed on �file, by the City,�Clerk. ' �.,: . , �� � � . ' , . - . - . . _ ', � - . � :, � _ - • - . .- � � 4. This Council shall meet+at the time and• .place :specifiied �in the form of ^. ,-' � notice for .the purpose of receiving, opening and con"sidering-'sealed bids for., and .. '• -� awarding the sale of, $585,000 Improvement Bond of.the�City.�Tlie.City Clerk is' �- �' ` �" authorized and directed to cause the_.notice.>o£�sale to be"published�once in the •-� • •� official,�newspaper of. the City and: once in the Commercial West, �a f,inancial ` ,. - periodical published in Minneapolis�,�for at leas� ten days before the•'date of ,. • . - ' said meeting. " � � , ' . �• '- _ . � � ' -- , '. . _ , - �� .5. Each end all of,the provisions of'�the notice o�f sale are'hereby'adopted : - � as the terms conditions of said. bonds and'of the sale thereof;.and sha11 be �� . made availa e o, a11 prosp tive pu chasers of-• the _borids. ,, �. �-.� �� , � e' X _ { .%�+r.�' _ � r. p ' � f `1 � ' ' , - ' � �. • ; s. .. r .. • i � � , t • R'� '' ' . . ^ , . ' 4 �. ' . . �«�� ' w , , „ ^ . � Y' r �yr �'• � � '� � •. ' r • . , Clerks > .4 t , s _: � i , �. _ ' , �, i , �,� � .. . Mayor ' _ . • � , . , . • ` .. . . 's ., . .. �, ..'1 i � � .- 1 � ., •' � • . - . . '� k.., ,. �-. � � ��� �E __`�`�� w�.y� � , . �. , . . . ' ; . ' . : ` - .. �. " ' ' ' ' try � ��� "y ,..r. ; " v� ��1�A •' �� y '�� r ` . . t' �' . . • .. '. _ . . z#' � F.r ,J'w . , . � • � ' �i , ". � � _ :� .� +�} . . � . . - , ^ .� .r +� ��: • , � , ' ' " - � " -� _ . ": ' _. . .. ' � s ' . � � + '' • u. ' .`��t . - w' . !�, '•; �:.• '? • '. .. , ' , - .� r • , _ � �' - , ; , ,�.X}= � <:aY ; , ��. ti._ � s<�s, �, . i ' " . . ( , ` • ^ �'� _ . . +' : � : � - . . • :`�'- � . � �`z � .w ',�. s �'�'� • '{ � .t l. _ _ .- '�' , ~ . . ' • . .. . . . i . E • F..z,: �� i�'�: ��r7q" y u . . � . . . . � h. . ' .{ � '. - . .'T+.�� � � ms `{!. ';Yj.�s.3.o: ' Y ' + , . . . . '� � _ h . , . . t .. . ' , i i , • . i � ' , � • „ 1� s �i, � _j � ',. � ' �" • 1 � . ` ' 31. t�+ .. t Y�� } �'.`� i�n __ . k v.-v� . . e _ " - + • . . . � �; � T j ,� i + �r.} Y ��„� . � ' '�� s� I '!t �i, �t' " T , . � •"�- � ''a -sr�: ..' s sf}!. 9,, `� 11;'.''• y'�;� ' i"'•,'»� shr,.: • •s � • ' • . . �-� The motion for adopt�ion'of,�the�for�egoipg.,,resolution. was�duly._,seconded by��, `� • •' - • ' ��_ Member � Mertensotto ` .� '� , A and upon�""vote thereon; � the followirig voted in �. � ; , `' + " '_- ., ffavor thereof: ; . �. • ' '�., • - � �� �" ��� - ." �� : . � - . ,. Al1,Yeaf:;� �� - # `. �;:�°�:�.�`.�> '��;;.;� ;,. ,x•�� Fr- � .�i`f' • ''�:•; , - . . , . , . _ - ,ti t( ... • _� ,,� :.r,:� � :t a =y.: ; ..t.;s< - �. . • =� � ,'� - -t ''" •- . ' . . . .' '� :` � � and the following"�voted against the '.same;., � ' � �� ''� � . ° • . - , , � ` 6� � ' � • � . . .,� . . : .. . . R Y .;• None . - '�. - � : , -. . . . _ . ' 4 _ '�. �� '. � ' iahereupon said resolution was • declared., duly', passed' and adop.ted; ``and was' signed � „ - . � , � ' _ ;by the•Mayor'abd the City Clerk. • " `= � .. � r -� .'� � : � ' , . �: -`" ' . . ';�^ `.,� , , - • . , , } �y . . ' ; . � - ' .,` .. . '_ .,�. _: ' :.� ' : : . , - . - - . . . • . - �'-- 1 . - � , - _ � -- .'�' : , ,., � `� : . .: ., - , . _ - - i � 1. _ , � � � "�:' � - ', , . - �*ry � � , �• • . . �'. •• Iy� S/ • _ • - t - . r '- , ht- •' i� • .�' . _ •... � ~ , ~ - ,�`�' � -� * t � =y `r.•$ � • ,`. ,- '` 'tr,' r . n •• ' :' �.. ' ' w: Y • _ � } i !'t _ ,. •' ; .r -_ ' � .r ,. . . .." ac.}t' " • . .r- - -:� - ... ,t - ' ._ - • � , . ' . " fi . r _ . - - . _. , � � - . ,. _ ` w,-, _ . -- ' . . ��, r ' ' STATE �OF �MINNESOTA - 't•. • ' : � , : . . - "' -. ' , �, ' ` , LL - � , � . -' " COiJNTY OF DAKOTA - � ' . ,, ` . , . .. • .- • .• � - . . ' � `' - ` . � ' � r , � , . . . - . - . . , . � � • CITY � OF i�NDOTA • HEI'GHTS �' ` - " . ' . ; � . " - ' • - _ ' ' �� � , ; •, � .. y . r ..r - , � ' .� • ` , f� • - , -z '�' . ' r ' • ' , . .., • .. .' -�� - . '• -' . � �i � ' . , � • '�}' , , �� _ , • . . 4 • ' . + `. , � � : . - . ' ' d..'. . , i : .. . , _ .. N , , • • I,_, tHe uridersigned; � being the d,uly qualified and acting �Clerk of'..the City'of ��� � . ': _.• • , . - - • , . , . . � -, .. • _ - . _ - ,. . . , . . .. • - - . „: _ Mendota .Heights, ,Minnesota, .DO HEREBYt G�RTIFY - that I have carefully compared 'the _ � _ ' � .,� . _ . . � _ . _ . .. , , y - ,• . . �1- .. " ,� � - ' , • ' ' . ' attacher �and �foregoing extract of minutes`with the orginal minutes of 'a'meeting� . , , f' . . - ' '' � . . _�C . , . . _ " . ' • „ ' . ' � � . ��,• �- '� of the City,Council held on �tlie. date' therein indicated, `whi,ch are on f�ile an,d � � - - . . . . .. • - . . . ; � • ., ' ,. . _ . . - - -. . , ;�- • - ,. , ' • ' ,• ,,,. , . _ . . . . . . • � �� of -record in'�my �office,,. and . the, same is a' .full, . true and complete .transcript � � , ♦ , -. .. '" a 'R . . ` . _ " .}.. .. " • ' + • . • .. F �t_ '. • , . . '. . . " .. �� r. �� .- �. � " _ .' . .- � . . � ' therefrom. insofar-as +the satne'�relates to the .proposed� sale� •o� $585,OOO,General , � - ' . �- • " -: . Obligation� Improvemerit'; Bonds of 1977. �of said Gity. y � . . '� . � � ' � � , . � � � • -;.- .- , �.< . • -. - . -- �- ,� ; ;� .. ,_ _ ,.- , - .. ._ . . ; , .. - _ , , , , .*- , ' . • ` �� . , . • _ , . • - : ,.. � .., - �y �' � W"itness-`rmy� hand as 'such,Clerk and.�the. official 'seal=o£ the.City-this ------ --- �,. : , � , . _ . �da"y' of January,•`1977.. '. ' ��� `� • `. -� ' � � . � ,.., ,` _ . ,. • - ..�' �'. , .. �.. . ' , - : . ' . � _ , , '- - . . ,. ' ; �M�, ' . S• rt ` • ' ` '� ` .f/ . ` �. . ,� ' ., ' . , �. . ` ' - ' � � �,,.• • , t , s , , - .�. t ✓ , � ' . � .. : . .. ,� � .�•,- _. : .- ;- .City.0 k ,. . .. �t 4 � , y v .. � .. . , •' � . - ' • i� _ � �� ~ • , , , . ` f .� , � ; ' , • < , �. ,. ` - , � . + ' ` , r • `t � ': . -. • ' : L ' � , �•� . • , • . • , ' y ' . . . - - ` i t! ' - ' ' ' � '• • . ' e ' ' • , .4 V , . � � - , r ; , � . Y Y � • ^' �` • .` ♦ � r ' f ` ' • • • •. r .. . ' � � •.. • �} • . y' . .f • ' •' ♦ r � ` 4. � • , , - .. . � � . 'r e , • , . 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