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Res 72 - 475 Awarding Sale of $480,000 Park & Recreation Bonds of 1972,� .. . . , . , _ . _ . . . � _ � � Member Blair ��' .."th�en introduced the following reso- . ' _ , _.., - . . - - • . - . , _ . - ° f ,- . �� - lution`and moved.��its_adoption: � � � ' � - . - , • � , `� ' � � - RESOLUTION NO. 475 - � - � ' ` = . • � - . " • • ' RESOLUTION _AWARDING�'1�LE OF _ � � � - • _ - $480;000 '.PARK ;AND RECREATION BONDS OF 1g72 � . � � , � , � � � � BE. IT RESOZVED� by. the � Village Council� of the Village of n" - Mendota Height�s,� Minnesota, that the�, highest .and- best bid _for tYie � - ° purchase of�$480;000 Park.and�Recreation Bonds �of_1972 of the.��• '' � ,' Vi11�.ge, `dated May l, 1972, receive.d pursuant= to, public advertise- � . ` : ment, for bi:ds, is that of _ First National Bank _ ' � �� .s-., . .. � � ` ,- of .: - St:` Paul � - , Minnesota � r , . ` • and associates,' said bid stating a price �of $ 475,000 •� �, for bonds . - . - � � to be' 'issued in accordance wiih the published notice ' of sale � and �to � - . ' " - bear interest�' .at the. following rates per annum; - • � - • � : ' , � . . , .� '. Maturi"ty �Y'ears' � _ . 'Interes't Rate- r ' � . � ; -' - -� " 1974/1980, : , � " 4 1/2� -- •� � � - • � � . _ � -. � ? - _ ' } � ' �. r =. � `a� 1981/1985 _ . . . , . _ 5.1�G - . . `� . , _ �: - . ` � �. • 1986/1988 . � - 5.4X � - _ -� - . � - . , �,, ' . ' , f1989 � � . - 5.5y � - . -. • - . . . ' � , , " ; �r� s - 1990 -. _ .. �� ' S. 6X . ' . ' . � - . - - . • , . _ '�` ',_ -' :�'�t� ''' �. � � °1991/19,92. � � . � 5: ��% . � �.' ' -� ^ - ,; a r •; . - �e . . .s -, .. • , � _ � . _ - . . , hi i � .. . i .4 - _ , r .< , r C ��1 Q - - - . � , " _ - , � i . . � ,�Said bid.is hereby accep�ted., and. said' bonds are 'her.eby declared to . ' - be. awarded to said b'idder. � TYie Mayor and Clerk. are hereb�y. author�zed �_ •_ to; execute ;the contract for. sale of said �bonds �ta �said bidder in be- ' � � half of , the Village, and th.e ,go�od� faith che.ck of said bidder shall be - held by the Village pending deliver"y o'f and.payment for th'e bonds. � • The good faith. �checks of the ,other bi.dders shall' be .returned to them ; - . by the Clerk, , : , . . ' _ • ' - _ - � � �- . , . .' �` ' � The' motion for:the 'adoption� of the foregoing resolution � ;"�. was� duly �seconded by Memb:er Huber � -- ,�,and upon vote� be�ing _ -- = � - - - - " . • , . , � tak'en thereon, the following ;voted� in favor thereo'f: -" _ � � '� ', and` the following-voted =against the same: � •� . • . ' .. . ?. . . . , , - - � whereupon said • resolution -was • declared duly passed �and adopted. • . . � . . _ �- - Member �ckwood � thereupon intr.oduced� the 'following - ~" � 'resolution and moved its adoption: � � - '� '�• , ,� + � • ' ` ' .- � - ,_ " � • � - . "� • - � L � � _ ' ' ' � � � ` . - - . ` _ . � _ , . � . _ =11- - - t _ - - , �� . - � � . ; 1 � - . � - , , .. . .