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Res 76 - 28 Calling for the Public Sale of $235,000 Improvement Bonds_ •. _ _ , • . • , . :. • . ; . ` - .� . . Member., � : - - Lqckwood ,,� _ ' � , _ , ; . , . introduced the .following resolution arid moved its � � ,' adoption: �� ` ��• .� ', : � � � �SdLUTION-.NO. 76-28 ., ; r . `'M. ,r :, : � � • . . f • . ,..��' . . - - . . - -• ., .;� � ., t. � � ; . M.. k' - - f . .. "" - ' '. " . . . . � • � � .� ., � : . - RESOL'UT_I ON CALL I NG FOR THE FUBLI C SALE �� '�'>.� ' : . �_ , , , , _ �. � "_." - _ " � . . � < � - � .' OF $235; 000 I MRROUEMENT BONDS - �.� .: ` � - • , � - . � �, .. . - : � , • - ' - ' ° ' • - ; - - _ _ , r .- - � . . ' . `_ .t , ' � . • 'S - " �� . •,', � .' BE I T�RESOLVED � BY TH.E C i ty Counc�i I of;' the C i ty, of � Mendota � He i ghts; M i nnesota,� �',� +-',;. , � � , . . . . _ . - - - :. . . , . : • , _ - •- . r , ' . ' . . ' - : .`y'. - „ - • ' � . . ' . ` ' . -. . • ' .: as fol lows: .' . •� _ '. , � . �- �_ _ � .-�_ "_ - • . ' • - ' : .: -- ' �-. . � �� �, - � , - �� _' ' . . ,� ` •. ' ..., �_s', . , � � ,. . ,. . � f:� ' By proceed i ngs - du I y takeri., i n a�ccordance ,w�i th M�i nnesofa Statutes;, Chapters " _ � ',� • • •� 429 and -475; tlie C i ty du l y; i ssued i ts �T�mporary I.mp rovement ;Bonds Ser�i.es 1973, dated : Y-: November I, I 973 i n'-the aggregate pr i nc`i pa l amourit. of� �$385, 000; a I I o.f ' wh i ch bonds _�"_ . .� .' -� '� rema i n outstand i ng _ and matu.re on November .( ; 1976_: . . " . ' - _- . ' �_ " • - ': . . - - �- - . � - � . . . - - . - a ,. , � , . ` - - • . , , . , _ .. - , . i . .. • . . _, . . • , • • - 2. _ ..i t i'S- hereby �found to , be . i n the b�est , i nterests',of- the,�C�i:ty ,to fb�thw i th " ,. .� ' � �: . "� -, -.ofter'at �publ ic sale'the improvement��bonds}�in'.tfie amount of �235,000� for the purpose � �_�. -' of. provi d i ng f unds wh i ch i n add.i tion • to"funds on hand=�and ava i. I�ab i e for �t�hat� purpose,-. - •- •= '�� : w i i I� be use,d "to repay ar�d redeem �.�t,�he Temporary, 1 mprovement;. Bonds,1 Ser i es .1973, dated ��, � " " November I, I 973 wh i ch i nc�l udes - bonds "i n V the �amount of � ,- �= ':�•- - represent i ng , ' . ^ �'- i nterest� as author. i zed .by . M i.nnesota Stetutes- Sect i on . 475. 56. : . �' �• • ' • _ ' , . � - , .. . . . � y � .. � .. . ,- , - - ., � . . - ' '�. • , - • . . _ , , ..:._ - - - : . - , - - > . � • , �. ' '- 3.- Shaughnessy ,&`Company.,� ��I nc.,;�`bo�d consultants to the Ci�ty;_� has presented to� ' --- this Council a�form of notice ot�sale;-attached heretoj:and whicf��is,hereby approved - ' " • , and sha I 1 6e ��p I aced on' f i l e� by th.e. C i ty; C I erk:� � � - - - : . � :, ; '. �- � �� ' • : ' _' � •. . . . . - . , ,_ � - : ' � . . �� �'_ ��,`, 4•: � Th i s Cbuncji i sha I I meet � at,.the +,t�i me .and , p I,ace spec i f i ed� i n.' �the form of � not i ce . ,� ,• � for. tiie purpose .of'_ rece i v i ng; open i ng . and cons i der i ng .sea i ed � b i ds� for; and �award i ng �., ' __� the sale of, $235;000'Improvement Bonds'offthe�City,. The,City Clerk is `authorized and . • � ' d i i-ected 'to - cause the not i ce of sa l-e �to be pub l i stied 'once = i n the of t i c i�a l newspaper • • _ '• "" � of the� C i ty, and once: :i n the Co�nmere i a l West, a f i nanc ( a I� per.i od i ca I= pub I i shed i n , ,. '� �.Mi�nneapol i_s,�or at � I.east. ten da.ys befo're the date of sa i d meeti ng: �� . ' �• - � . .. . . - . . - . .. . . _ � • -. , . . __}1 i� �.. . , . . " :�,''� �5. Each and. a_I i of the� provisions of the�•notice. of�.sale are hereby adopted� as ' "' .,;-�. � the tei-ms�. a'nd "cond i.�t ton.s� ot sa i d bonds and of the' sa i e tliereof ;�and' sfia I I be made � .. " • '`. avai lable to�al i, prpspective purchasers.of'the bonds.� • - .•_'� . • ' , . - � , ,' R. ' h --. `I . ' . ' r �... � - .�� t � f 4,; `, _ - , �.� . ^ � . . ., ., ' �' . ` � , ? ^ ' � .. �'�'-c/z/+-, /�l t �0�'�S'"""," ` `-' � . : .` ' - _ . . � ' • • Cier ��j � �� : � =sj{ ;';�.���.,.�:� A ' 'Acting' Mayon . , - . - . -. ' '3'"_#r '•�' � ' r ,�e a'...., b '.� . _ , 1 � .. � - - ,.i ' f ' ' , . , . . . j � Y ' � ' i ,� , � . . �. ' • �+ ��^ Mi �iT�.s --.s*s'�=L-��4�,�.� � .� `�,j��N „ , ' .-- .- .. � ` , '.. , , .•' y � F ,, {t._� . -�ia'a._, YT� ��y.':� �,Y �,:.', . . .} ,. . , • � i .��.�_ ' - j S i� '�i = '�LP' � + ',.� �{� j2 i. .i F',�'� j �'.:i ''`� ' ' ' - . � ; • •, The motion�for:.;adop�#,ion of-.;the to,rego,ing� resolut;ionFvras duly seconded by � : ' . � ' , . � , . . ... , . _ . , . . e . . •" . Member _- : Gutzmer_� w�; �;.��and. uPon} vote,i ther��eon; the fol low�i ng voted, i n favor , : ' � - - - � ' �.� � `_;,���'' -.�; ; � rt , r .-s.:��{x . , - . � , . . A�I I �Yea :� . b:� � . . � �.r% ��k ";'�� .r..>� �� ` ' '� thereof : - . . : . . � -,- `. _ • .. _ - ' • • � ~ -i . � • 3 � � , r . € I �� . ' • . ' , ' .. • ' a ' . . . ' . �'1�• . � ' � , ' " y � ' • ' ' . _ = and � the fo I I owLi �ng ' voted aga i n5t the same : � � . � None , ^ Y � , = � . � � _ � _ . , _ . � . , , . .�, r. �-•. _ ` � � _ _ ..- , :. '� . , . . _ , . ' , •':. .�� whereupon sa i d reso I ut+ion was dec lared �du �� passed and adopted, and _ was'`�s i gned by the . - � . . �. .. • 3:. '. . . . - . - ` . : ' _ '. ' ', � } - ' � + • '_ " Mayor and attested by. the Gity Cie'rK. , � . - , .. '_ . P � ' , • _ . _ - • � . � � - � � _ - _ . , 4 . • + ' _ -I .'� � 'a-ri', - y ' , � ` � � ,F -_ I _� •_ .• ' ,- . _ - � " . , � • �'- . l ' � ♦ , `Y w ' `-r a � • • ._ , .� w � . . ; ` ' . �� •e . .1�• . . �. ♦ ' � . '^ . n • . • ' . . �' ' �. . _ • • '•• • . r _ • � • - • • 4tys ~ • • • • _ • � $ ,, • • ' '_." •� , y• ` '• � ^ , � ' �r• '. -- ' • ' ^ ., -