1952-04-12VILLAGE OF MOUND
ADJOURNED MEETING, SATURDAY~. APRIL 12th., 1952
Mee:bing- called- :bo, order, at 2, P.M., in the bas~ment of the Krause
Building... Present~, Acting M~or Behmler~, Councilmen Bly, Livingston
and. Pierce... D~.· Davis, unable t~
The-meeting. had. been cA led fo~ the purpose of giving interested
Cit&zens. an-opportunity to consider the' Viliage financial situation
as ~t related to' the need for funds with which to finance the Village
sha~e of. ~he costs of Central Ave., P~ect ~1~, and also' other
Pond improvement projects ~ich had been undertaken or promised
t~eugh-previous' c~itmenta on the part of' the' Council. Aa a result
of excellent' pubIicity given to the purpose of the meeting, by
the· Minneto~a Pilot, about 60 citizens' attended. (See minutes' P.' 131~.)
Councilman BTy e~lained to the group the purposes for which the
Pe~anen~ ~prove~emt Revolving ~nd ha8 been created t~ough the
sal'e of 'Bond's' im ~9~8. Under the governT~ s~a~t'em' 'surrounding the
p.I~.R. ~nd',' appr'opriatiens from this ~nd could be made by Council
resolution, as loans to finance imp~ev~ent projects, such as
road improvem'ent',' wate~n extensions, curb & gutter and sidewalk
in~lati~on-s', where such ~prevements were
in p~t ~min'st benefitted property. T~e loans' were to be tepid to
the' fund' fr~om' t'axes collected t~ough special assessments, or from
gen. er~~ levies collected for the p~t ~ch the Village might
properly ass~e as its shoe of a given' project. In no case could
the P.I.R. ~nd be used
~pe-rati'on's',- ma'intain~ce offends, etc.
It '~a 'explained ~h~' the available bal~ance' tn 'th,' P. I. R. ~nd
plu's tm~'s~e~s from expected ~rofits f~em the Liquor Stores ~uld be
stained' t'o' ~he limit in order to finance the Village share of
Pre'Ject' ~14',' U'emtPal ~ve., ~provement, leaving no funds available
fo~ the ~n~'c~n'g of other Road ~provement projects, previously
p~omise'd or' 'aU'ch' as might be petitioned. 'for' 'thT~ yea~. Also' that.
t~a~sfeP'$' ~P~' 't~e liquor fund to ProJec't ~1~' ~uld prevent
appropriations from that fund needed to buppliment the Budget
appropriations for ordin~y road maintain~ce and e~ra e~enses
in the General ~nd.
Afte~ an active gener~ discussion, p~ticipated in by many of the
Citizens' ~n attend~ce, it was apparent that majority opinion of the
group strongly favored Council action towed finmcing the Village
share or the costa of Project ~1~', t~ough sale of Improvement
Bonds, even to the extent of the total of $30,000.00, being the
total over ~d above that part ~ich the St$· of Mi~esota ~uld
c ontr ibu te.
The Council decided that
whethe~ or not the P~oceedings, Published Notices of He~ings, ~d
Council Actions previously t~en, were sufficient to enable the Vill~e
to Lag~ly offer Bonds for sale, and that a report should be made
to the Council after a competitent bond attorney had revie~d the
Minutes. The decision as to offering bonds for sale was left to be
considered at an adjourned meeting to be c~led for Monday, April
21st., 1952.
0n motion duly made and seconded and by unanimous vote, the meeti~
~i~eurned to be Peconvened at ~ P. M., ~~t~~e Village