Loading...
Res 72 - 473 Awarding Sale of $300,000 Trunk Sewer Improvement Bonds, Series B_� , - . - • � - , . , . • L' - - �. ` .' • - - i " : • - ' : . ' , ' ' ' . ,' { �, .Member Lockwood theri introduced the .following ' � � ' - . . , - ', resolution and moved its adoption: . . :� � . . � _ � � . ' . - , , �'. - RESOLUTION NO. 473 - - � ' � ;. . - ` , RESOLUTION ,AWARDING-S7�LE � OF � ' ' _ ' , . � '�-• . $300.,00.,0 TRUNK SEWER IMPROVEMENT `BONDS, SERIES B • - - ���� � � t�'t �gt�h „ ?-v- �, r ' ,, . - _ +� •�� i ;: • . - ' • _ ' �� �` BE �IT .RESOLVED'` .b.y }the Village� Counci'l�-of the' Village of , - - - ` Mendota� Heights, �-�Minnesota;' 'chat ,the ,highest .and best bid- for the , �. �, purchase of $300,000: �Tr:unkf`SFew.er�;Irriproverrient..�Bonds, Series -B of � ,. . .th.e Village, dated ,F°ebruary =•1,'.��1,972,;,received�pursuant .to public - . . . advertisement � for bi:ds;' a.s •th.at of Fir�t Nat`ional Bank ' � " • j � • - . � �� . _ , of St.._Paul,. Minnesota . , ` , and , - . tf�x .�� �s : . � . associate�, said bidnst�atingx_a price of :$297.,000 . ,.for bonds _ � � . to .be.� issu.ed ,in accordance with �:th.e .publisYied riotice of �sale � and • � ' �. � � ` to, be.ar inte.rest at the, following�-rates `per} annum:� - _ - _ � . . � ; . _ - - . , - • - • , . ; -� .� - Maturi�ty Years " ' Int'erest'� ;R°ate . - �� , ' . , - ° � _ ' . ' '' 1973/1976 � � . � � 4�: : ' . . = _ . � � ` "� ' - �1977/1978 � ., - 4 ,1/4X � , _ - ` • - � � 1979/1981 �'4 1/2� � ' ' • - f . . - 1981/1982 � �, _ ,4.8� - � . . ` . . ' - . 1983 � .. . . 4.9% � . . - , •� � . - � ' = 1984 . � • � - � .55� . _ � _ . . , - , ° Said bid� is hereby �accepte�d,° and said bond� are hereb�y' declared to .'__ '- -- be awarded. to. said bid"der. TYie Mayor,'and Clerk are he,reby �au.th-,� F -, . orize.d- to execute_"the: contr.act .for sale of said bonds to said � , . bidder. in�.benalf of the Village, _and the 'good faith �check of said - � = bidder shall be held by the Village periding del.ivery of and pay- � � . . ment for th.e bonds. ;� The good faiih 'cYiecks of the other. bidders . � „. shall be returned to therri by the Clerk.' . _ �. � � .� � , � �. The moti'on for th.e 'adopti.on of the_- foregoirig resolution � � . � • was`,duly s.econded by �-Memb'e:r-•�,- Gut-zmer �' , and upon .,vote. being , . , _ � . _ _ . takeri thereon," the .following. voted in favor thereo'f : All � . - . , - . ' and th.e .follow_ing voted against�_ �the same :� None � � ° , � � . whereupon said res'olution �as declared.duly passed and adopted. �- � . � _ � Member -Gutzmer the;reupon introduced the :following • ,' � � ' � resolution and moved its adopti'on:.' � � ;.� � : . ' � � - _ - ' _ _'__, l " . , , . . .- . ' Y* , - -. • � , - .. � � • -' -2- • .� ` - . - • � ' _ _ � • _ . , _ � . ; . ��. , " � , • , . - - - - . ., -