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Res 67 - 120 Extract of Minutes of Meeting of the Village Council of MH (12/5/1967)Extract of Minutes of Meeting of Village -Council; Village of Mendota Heights Dakota County, Minnesota Held December 5, 1967 A regular meeting of the Village Council of the Village of Mendota Heights, Minnesota, was held at,the Village Hall in said Village on December 5, 1967, at 8:00 o'clock P. M. The following members were present: Huber, Calkins, Stringer, Lockwood,, and, Mertensotto, and the following were absent: none The Mayor announced that this was the time and place for the receipt and opening of sealed bids for the purchase of $1,400,000 Temporary Trunk Sewer Improvement Bonds, Series A, of the Village. The Village Clerk furnished affi- davits of publication of the notice of sale in the West St. Paul Booster - Riverview News and in the Commercial West. Said affidavits were approved and ordered filed in the office of the Village Clerk. The Clerk then stated that three sealed bids had been received, which were thereupon opened and read and found to be as follows: Bidder or Bidding Account Manager Interest Rates Premium -1- 1 r _ y _ Vit.+ - - :' + .V. • F .a y 6 •.- ° - • Z'RUNI£`'SEiER SERIES A *'-TEMPIJRARY, I.MPRQVEMENi'B©ND'S' = VILLAGE OF, 1V,tEN1J0 A HEIGHTS-y MINNl✓SOTA , DA'I'E'& TIME:-. -Dd erhber 5, 196.7,@.'8-.06 ., ,. Ff5 � . ' ' y ' r P i` r • - • 4, ,'" . � ` ` y F _ s.. � qy,_ ' - •,� - - t .� ` 4 - . ' O: - INT.,S BIDPE•lts �,.. , t , .,RI EST ,• Y = INTEREST'- RAPES - t6S'T Y•''* •. ..r , .- .. - , "'.µ '� �,F •- Wit'-.. '. •�` ' - ♦ _. �t ' t r• t •- r - _', .. .FIRST NATIQNAL, 83ANK QF MENNEAPQLIS`- _ -rf;-; -, -4.,20% - A. M 616: Minneapolis, -Minnesota` plus ] . 84% 3'/,18 ,to "6510.; 00 i''NATICJNAL BA1YIf OF'SAIl�ITIPACTI; ; ': FIY * + 4.`2,O St._ Pa i2;'. 2vl nnesota i " , n this Yl.. 8% 3y 6. to Ei-II 16$ P 182., 350. 00 RAIN KAL-,MAN" &- QJUAIT..;,-INPORP )RA:TMD, rt .=20 0 ` .' 4..4tfi.f�0/6 Miiuxeapolis; . Minn sot i ' "_ � � ~plus !l.= 8%'I 500:'0(} 'Hopwood er' of ra ._ •,,. _ ., �'., • .,ir'. , • _ Minxieapolis', Ivtiniespta._ - ' t -Allison,»'Will anus Company- _ ` Iviinrieapolis, `:Ii/IinnesOta • r. a "- 'Y. "' d'i• - a 4 America Nat mAl Bank.. > .. r St: PaiA Mi n"ne sbta Paine., -*gibber,, Jii4.kson &,tCatt s:. Minneapolis, ':Mi-ne�sota _ Caldwell-Phil3ips Inc. A4 St. +Pdul', *Mixinesgt 4, • yr. ;I a, '_ J � e ' _. '. ,.' -;�t -' •.+1 Awa.- r <� :;, _ » 4k.~iYt�. ` as -� i w.• `x •; ,�; • ,= y ` , BoiYds a*aaxded, to the'First Natiool_ Bank of Minheap:ol:is',. •� - -. }-r - - a -' w �•Y ., V...4 r ,1`s-'_- - .. .- a �' ' ``� •. . - - - ' ' •, e• Y .... xry - '- ,.-S.j t: . ' .i.„ -,- • .•tom �} - .. + ' X F .2'} „� r,.' _ � � c ' ;, s f - a Y. *.- '.. � . .` -"`�', $:. ab ts- ' r :,p}� .• Yx^ -�: - r mob+. � - a , ` .- -i s'- e 5 -. -- _ , "*.J: -.#: '� qty ,t -- s _*,' - ,S.• -•.y } ' a "k-' -'-- _ _` f ' .., 3a t - •gip• ^?' ri `.i''�'" _'x- "'i - e M • y` o a - - • ' ►'�..t -� f w4.-}_ Village of Mendota Heights Dakota County, Minnesota RESOLUTION NO. RESOLUTION APPROVING PLANS AND SPECIFICATIONS AND ORDERING ADVERTISEMENT FOR BIDS FOR IMPROVEMENT NO. 4, PROJECT NO. 7 (STAGE 2) CONSISTING OF THE CONSTRUCTION OF THE VILLAGE'S SANITARY SEWER SYSTEM WHEREAS, the Village Engineer has submitted his report to the Village Council with respect to the proposed construction of Improvement No. 4, Project No. 7 (Stage•2) consisting of the second stage of construction of the Village's interceptor sanitary sewer system from Lilydale Road to the Village's lift station in Ivy Falls Addition, including the construction of all incidentals and ap- purtenances thereto, and WHEREAS, in said report, the Village Engineer reported that said proposed improvements and construction thereof were feasible and desirable and further reported on the proposed costs of said improve- ments, and WHEREAS, the Village Council has heretofore determined that it is advisable, feasible, expedient and necessary that the Village of Mendota Heights, construct said improvements and has heretofore ordered that said improvements be made and has further directed that the Village Engineer proceed with the preparation of plans and specifications therefore, and WHEREAS, the Village Engineer has prepared plans and specifications for said improvements and has presented such plans and specifications to the Village Council for approval. NOW THEREFORE, IT IS HEREBY RESOLVED by the Village Council of the Village of Mendota Heights, Minnesota, as follows: . 1) That the plans and specifications for the construction of the Village's interceptor sanitary sewer system from Lilydale Road to the Village's lift station in Ivy Falls Addition, including the construction of all incidentals and appurtenances thereto are hereby in all respects approved. 2) That the Village Clerk with the aid and assistance of the Village Engineer be and is hereby authorized and directed to adver- tise 'for bids for said improvements all in accordance with the applicable Minnesota Statutes, such bids to be received at the Village Hall of the Village of Mendota Heights by 2:00 o'clock' P.M. on Wednesday, December 13, 1967, at which time they will be publicly opened in the Village Council Chambers of the Village Hall by at least one of the members of the Village Council and the Village Engineer, will then be tabulated, and will then be con- sidered by the Village Council at its next regular meeting to be held on Tuesday, December 19, 1967, at 8:00 o'clock P.M. at the Village Hall. Adopted by the Village Council of the Village of Mendota Heights* Minnesota, this 17th day of November, 1967. VILLAGE COUNCIL VILLAGE OF MENDOTA HEIGHTS By Donald L. Huber Mayor ATTEST: William.F. Calkins Clerk NOTICE OF SALE , $1.;400,'000 TEMPORARY TRUNK SEWER IMPROVEMENT BONDS,`SERIES ,A 4 VILLAGE OF MENDOTA HEIGHTS"' MINNESOTA-" NOTICE -IS HEREBY "GIVEN that,the Village -Council of the Village of Men- dota- Heights, Dakota- County;' Minnesota, , will meet -in the _Village Hall in said Village. on Tuesday- , the -5th day of December , 1967, at 8:00 o'clock P.M., ` _.Central Standard Time, for the, purpose of opening and considering sealed bids, for $1,400POOgeneral=.obligation Temporary Trunk Sewer Improvement Bonds; Series A -of ,the Village,. and awarding the sale of the bonds.'. ---,Said bonds will be dated December 1, 1967, will be in the, denomination of $5;000`each or such multiple of $5,000 as thepurchaser may specify, and will bear interest. at a single basic rate to be designated by the successful bidder." Bidders may, provide that -the ' bonds, shall: also bear interest . at an additional rate for a portion of their term, to, be-. represented by a separate" set- of -"B'- coupons, 'but the amount of all such " additional•-interest,may not exceed $10;560..'All, interest will be .payable on Mune-'l, 1968, and semiannually thereafter 'on December '1 and June 'l in each year. The bonds will mature on December,l,-1970, but Will be subject:to redemption ata - the option -of the Village, on .December 1, 19,69, or dune 1,y 1970, at par and ac- trued :.interest. The- Village will furnish without cost to=_ the purchaser, within. forty `,days "after -award of sale_, the printed -and executed bonds, and the unquali-♦ fled approving legal opinion of Measxs.'DorseY,xMarquart,'Windhorst,'West'& Halladay, of 'Minneapolis, Minnesota.' The bonds ' will -be `delivered without _cost at St. Paul or Minneapolis, Minnesota, or Chicago, Illinois, 'or. elsewhere at z the expense of 'the ' purchaser. ' Principal 'of and interest oin - said bonds ' may be •- ; , made payable at any_suitable bank._to'be designated by" -':the successful bidder` within 48 hours `after` aVard of` sale of the bonds: k Bids for said issue marked "Bid for $1�40OP00 Temporary Improvement ` Bonds" must be delivered or mailed -to -the undersigned prior to the time stated above; and• -nay not thprea, ter -be withdrawn. Each bid,must be unconditional}'ex-_ cept as -to legality, which may=be conditioned upon it 4 - opinion of 'the above ,attorneys, and -must be accompanied -by a cashier's or:certified check -or bank draft in the amount of .$ 28,OOG; payable to the- "STillage Treasurer, to' be -for- ' feited as liquidated°damages-in case the' bid be accepted and the bidder shall fail -to comply therewith. Bids =will bepreferred according to lowest net in-- terest cost (tbt'al' interest from date of issue to stated maturity,, less any premium offered) . - Ali-, interest- rates ••shall be.kexpressed•-in' multiples ' of 1/20 ' of 1%. NO -oral bid,, and no bid"f lees than par$_and,""aec7 tzed interest from date of issue"to.date of bond,delivery will be considered, and the Council reserves the - right . to reject any and all' bids ;__ and -to waive anyf informality in any bid. Dated November 7, 1967:-'!" BY- onbt OF THE }VILLAGE COUNCIL Village.Clerk -- Mendota Heights, Minnesota _ `