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Res 71 - 438 Certification of Minutes Relating to $400,000 Improvement Bonds, Series 1971 & $340,000 Temporary Improvement Bonds, Series 1971CERTIFICATION OF MINUTES RELATING TO $400,000 IMPROVEMENT BONDS, SERIES 1971 AND $340,000 TEMPORARY IMPROVEMENT BONDS, SERIES 1971 Issuer: Village of Mendota Heights, Minnesota Governing body: Village Council Kind, date, time and place of meeting: a Regular meeting, held October 5 , 1971, at g: 00 o'clock p . M. , at the Village Hall Members present: Huber, Stringer, Lockwood, Blair, Gutzme:r Members absent: None Documents attached: Minutes of said meeting (pages): 16 RESOLUTION AWARDING SALE OF $340,000 TEMPORARY IMPROVEMENT BONDS, SERIES 1971 RESOLUTION AWARDING SALE OF $400,000 IMPROVEMENT BONDS, SERIES 1971 RESOLUTION AUTHORIZING AND ESTABLISHING THE FORM AND DETAILS OF $400,000 IMPROVEMENT BONDS, SERIES 1971, AND LEVYING TAXES AND APPROPRIATING SPECIAL ASSESSMENTS FOR THE PAYMENT THEREOF I, the undersigned, being the duly qualified and acting record- ing officer of the public corporation issuing the bonds referred to in the title of this certificate, certify that the documents attached hereto, as described above, have been carefully compared with the ori- ginal records of said corporation in my legal custody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said corporation, and correct and complete copies of all resolutions and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to said bonds; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant to call and notice of such meeting given as required by law. WITNESS my hand officially as s�j recording officer this 5th day of October , 1971. (SEAL) e Villai4e Clerk NamAnd Title tT , The Mayor announced that this was the time and place for the receipt and opening of sealed bids for the purchase of $400,000 Improvement Bonds, Series 1971, and $340,000 Temporary Improvement Bonds, Seri.bs 1971, of the Village. The Village Clerk furnished affi- davits of publication of the notices of sale in the official newspaper of the Village and in the Commercial West. Said affidavits were ap- proved and ordered filed in the office of the Village Clerk. The Clerk then stated that 13 sealed bids had been received, which were thereupon opened and read and found to be as follows: - 1- T_ BIDS RECEIVED VILLAGE OF MENDOTA HEIGHTS Dakota County, -Minnesota $340,000 $400,000 T-mporary Improvement Bonds 1971 Permanent Improvement Bonds ACCOUNT COUPONS & YEARS DISCOUNT INTEREST COST RATE r American Natl. Bank & Trust Co. 4% 1972/77 $4,194.00 1731554 4.994% St. Paul, Minn. 4.6% 1978/82 '5.1% 1983/84 Juran & Moody 5.2% 1985 St. Paul, Minn. 5.3% 1986 r Woodard -Elwood & Co. 3.8% 1972/75 4,120.00 1741150 5.01% Minneapolis, Mnn. 4.3% 1976/78 4.7% 1979/81 Reynolds & Co., Inc. 5% 1982/84 Minneapolis, Minn. 5.2% 1985/86 5.4% 1987/88 Robert S.C. Peterson & Co., Inc. Minneapolis, Minn. Paine,Webber,Jackson & Curtis Minneapolis, Minn. E.J. Prescott & Co. Minneapolit, Minn. ,First National Bank 4.3% 1972/78 2,800.00 176,175.62 5.069% St. Paul, Minn. 4 3/4% 1979/81 5% 1982/83 First National Bank 5.3% 1984/86 Minneapolis, Minn. 5.4% 1987 5.5% 1988 P{ver,Jaffray & Hopwood, Inc. 4% 1972/75 4,000.00 179,111.25 5.154% neapolis, Minn. 4.6% 1976/79 5% 1980/82 Northwestern National Bank 5.2% 1983/84 Minneapolis, Minn. 5.3% 1985 5.4% 1986/88 Dain,Kalman & Quail, Inc. 4.2% 1972/76 4,144.00 181,094.63 5.2113% Minneapolis, Minn. 4.75% 1977/80 , 5.1% 1981/83 Allison -Williams & Co 5.25% 1984 Minneapolis, Minn. 5.4% 1985 5.5% 1986/88 La Salle National Bank 4 1/2% 1972/77 2,811.50 187,655.25 5.40% Chicago, Illinois 5% 1978/80 5 1/4% 1981/82 - 5 1/2% 1983/84 5.6X 1985 5 3/4% 1986/88 REOFFERING SCALE ON PERMANENT IMPROVMENT BONDS 1972 3.00% 1975, 3.60% 1978 4.15%• 1981 4.60% 1985 5.20% 1973 3.20% 1976 3.80% 1979 4.30%. 1982 4.80% 1986 5.30% 1974 3.40% 1977 4.00% 1980 4.45% 1983 5.00% 1987 5.40% 1984 5.10 1988 5.40% Both issues awarded - American National Bank & Trust Company, St. Paul Sold - October 5, 1971 / BIDS RECEIVED 7 VILLAGE OF MENDOTA HEIGHTS Dakota County, Minnesota $340,000 Temporary Improvement Bonds ACCOUNT CPNS. & YEARS DISCOUNT INT. COST RATE American National Bank & Trust Co. 3.5% 2r210 37,910 3.716% St. Paul, Minn. Juran & Moody,,Inc. St. Paul, Minn. La Salle National Bank 3.7% 2,550 40,290 3.95 % Chicago, Illinois First National Bank 3.8% 2?550 41..310 4.050% , St. Paul, Minn. First National Bank Minneapolis, Minn. Woodard Elwood & Co: 3.8% 2..890 41 650 4.083% Minneapolis, Minn. Reynolds & Co., Inc. Minneapolis, Minn. Robert S.C. Peterson & Co. Minneapolis, Minn. Paine, Webber, Jackson & Curtis ,neapolis, Minn.. Northwestern National Bank Minneapolirp,' Minn. , 4% 850 41,650 4.083% Dain; Kalman & Quail, Inc. 4% 21992 43,792 4.293% Minneapolis, Minn. Allison Williams & Co. Minneapolis, Minn. Piper, Jaffray & Hopwood 4.1% 3,000 441820 4.394% Minneapolis, Minn. WE DO NOT GUARANTEE THE ABOVE STATEMENTS, BUT THEY HAVE BEEN OBTAINED FROM SOURCES WE BELIEVE TO BE RELInBLE