1963-08-28MINUTES OF THE ADJOURNED MEETING OF AUGUST ~8, 1965 at 8:00 P.M.
at the Mound Fire Station
Present were:
Mayor H.B.R. Larson, Trustees Del Pfeifer, Ray Koehn, Gordon
Batdorf and LeRoy Heikkila; Manager Leonard L. Eopp, and
Attorney Raymond Ploetz; William McCombs of Schoell & Madson
and I~vid L. Goblirsch of T. G. Evensen & Associates.
$214,000 WATER IMPROVE~NT BONEB
The Mayor announced that the meeting was convened for the consideration of
bids for the purchase of $214,000 Water Improvement Bonds of 1965 as adver-
tised for sale. The clerk presented affidavits showing publication of notice
of male more than ten days in advance of sale in the official newspaper and
in 0ommercial West, a financial paper published in Minneapolis, Minnesota,
which affidavits were examined and found satisfactory and ordered placed on
file.
The clerk presented the sealed bids which had been delivered to h~r prior to
the time specified in the notice of sale, and said bids were opened, examined
and found to be as follows:
TOTAL INTEREST
COST from date
of issue to
maturity, less
premium and
NET INTEREST
BIDDERS Address RATE PREMIUM R~TE
JOHN NUVEEN & COMPANY
Ohicago ) 1965/1969-3.25% PAR $89,221.25
1970/1976-5.50% 5.7594%
1977/1979-5.60%
1980/1984-3.75%
Plus additional interest
of 2.00% per annum from
12/1/65 to 8/1/'64
*JURAN & MOODY, In.
Kalman & Company
Paine, Webber, Jackson
& Curtis
Saint Paul ) 1965/1969-3.20% PAR $89,473.49
Minneapolis 1970/1973-3.40% 5.7499%
1974/1977-5.60%
1978/1984-5.75%
Plus additional interest
of 2.00% per annum from
12/15/63 to 9/1/64
Boston
*J. M. DAIN & COMPAH~ Minneapolis ) 1965/1971-5.40% PAR
Allison-Williams 0ompany Minneapolis) 1972/197~-5.50%
Piper, Jaffray & Hopwoods Minneaooli~ 1974 1977-5.60%
1978/1981-5.70%
1982/1984-5.80%
Plus additional interest
of 2.00% per annum from
12/~5/63 to 9/1/64
Pfeifer moved and Heikkila seconded a motion.
RESOLUTION 65-177
Roll Oalt Vote:
Pfeifer Aye
Heikkila Aye
Batdorf Aye
Eoehn Aye
Larson Aye
So carried and resolved.
RESOLUTION AWARDING THE SALE OF $214,000
WATER IMPROVEmenT BONDS OF 1963
$90,259.00
5.7828%
FORM AND SPECIFICATIONS FOR $214,000 WATER IMPROVE.~ENT BONDS
Batdorf moved and Heikkila seconded the motion.
RESOLUTION 65-178
Roll Call Vote:
Pf&ifer Aye
Heikkila Aye
Batdorf Aye
Koehn Aye
Larson Aye
So carried and Resolved.
RESOLUTION FIXING THE FORM kND SPECIFIOATIONS FOR
$214,000 WATER IMPROVEM~T BONDS, DIRECTING
THEIR EXECUTION ~ND DELIVERY AND PROVIDING FOR
THEIR PAYMENT
REQUEST FOR ~XTENSION OF TIME FOR WILSHIRE I1RIVE IMPROVEi~ENT
Batdorf moved and Koehn seconded the motion.
RESOLUTION 65-179
Roll Call Vote:
Pfeifer Aye
Heikkila Aye
Batdorf Aye
Koehn Aye
Larson Aye
So carried and Resolved.
RESOLUTION KYTENDING COMPLETION OF IMPROVE~ENT
CONTRACT (Wilshire Drive Street)
CERTIFICATION OF POLICE OFFICER BRADFORD ROY FOR P.E.R.A.
Heikkila moved and Pfeifer seconded the motion.
RESOLUTION 65-180
Roll Call Vote:
Pfeifer Aye
Heikkila Aye
Batdorf Aye
Koehn Aye
Larson Aye
So carried and Resolved.
RESOLUTION ACCEPTING AND CERTIFYING VILLAGE
POLICE OFFICER
RESOLUTION ACCEPTING OUR LADY OF THE LAKE PROPERTY
Koehn moved and Heikkila seconded the motion.
RESOLUTION 65-181
Roll Call Vote:
Pfeifer Aye
Heikkila Aye
Ba~dorf Aye
Koehn Aye
Larson Aye
So carried and Resolved.
RESOLUTION ACCEPTING DEED AND ACCEPTING CONDITIONS
FOR DELIVERY THEREOF
REQUEST FOR SPECIAL USE PERMIT
Koehn moved and Batdorf seconded the motion.
RESOLUTION 65-182
Roll Call Vote:
Pfeifer Aye
Heikkila Aye
Batdorf Aye
Koehn Aye
Larson Aye
So carried and Resolved.
RESOLUTION CALLING HEARING ON SPECIAL USE PLRMIT
~RANSFER OF FUNDS
Koehn moved and Pfeifer seconded the motion.
RESOLUTION 65-18~
Roll Oall Vote:
Pfeifer Aye
Heikkila Aye
Batdorf Aye
Koehn Aye
Larson Aye
RESOLUTION AUTHORIZING TRANSFER OF FUNDS FROM THE
GENERAL FUND TO ADMINISTRATION FUND, STREET
FUND~ND POLICE FUND
So carried and resolved.
~,~S. FLOR~-~CE MUNGER
Mrs. Florence }~nger was heard relative to her being assessed for 60 feet
frontage in Three Points Water Assessment.
LIBRARY
After discussion, Mr. Kopp was suggested as the third member on the Library
Board and as such to send a letter to Minnetrista for a meeting of the board.
DEVON PARK PROPERTY
Discussed, but no action taken.
BILLS
Batdorf moved, Heikkila seconded the motion to pay the bills where funds are
available. The vote was unanimously in favor, so carried.
TRUST & AGENCY GENERAL
State Bank of Mound
PERA
1,833 ~OO
457.93
TRUST & AGENCY FIRE TRUCK - WATER FUND
ADMINISTRATION
Petty Cash
Arnell Business Forms, Inc.
MUNICIPAL COURT
Petty Cash
Ed. Ryan, Sheriff
2.07
9.56
2.79
63.75
POLICE
Petty Cash
STREET
Petty Cash
PARK
Petty Cash
WATER
Petty Cash
C~ETERY
Petty Cash
ASSESSOR
Petty Cash
Arnell Business Forms, Inc.
1.05
19.12
BUILDING INSPECTOR
Arnell Business Forms, Inc.
1963 SEWER
Paul R. Johnson
SANIT&RY SERVICE 62-1A, SEW~ 61-B, WATER 62-2
2,290,93
1,271.05
11.63
66.54
22.36
5.47
5.49
1.30
1.30
20.17
9.57
35,199.07
39,080.53
Koehn moved, Batdorf seconded the motion to adjourn. The motion was unanimously
carried. The next regular Council meeting is September 10, 1965.
'- NoTiaz .OF SAnE
.::,~i1~.!4~q0 Waier Improvement
~',~NO~ IS HE~~VE~
:~t ~e Council of 'the Village
.~' Mo~d, Minnesota, will meet
~ ~e Mound ~re HaH~ s~d
~k p.m.C.D.S.T., ~0~ ~ P~-
~ed bi& for ~e ~e of
~0 w~ter ~ ~ ~e~m
~j ~1 bi~ P$~ a b 1 e
a~lly ~ere~ on ~h
and ~pt~ber ! ~ '~ ~e~
and ma~ se~ ~ ~ar~
,b on,dS maturing in 1978 to 1984
~be~ subje~ to redemption, in
verse<' numerical ~order, on
'M/,~ ~i!9~, ~md any interest
~~/~te thereafter ~t par
-~ipid! ~nd' inte~4~t w~ll ~ ~e
~ ~bk b~k~ de-
wi~
bonds i
sota,
er,
of
Pc-
and,
to
made
the date
cluding
sen, ce o!
t~e
on the
certifl~
All
or t5
bid
cept
aad'
of the
amOUnt
ab-
The text of
printed
lmnd and
Clerk ff
enclosed in a
for
Bonds" and
pri-
time. Each
~otice
ck or
9rder
I the'
t,~ be
Bids shall state one basi~ rate
of interest fi'bm date, of issue to
matu~/'.~, '!1,:.~o..n~, having
c ~mmOn~ aa~~te. Not
be ape .~ci~ ~i':~he ht~ue and the
maturlti'"~ ~:~,,~"'~t n~ mo~
th~.flve~ ~e put.se of
~desi~atio~ ~~ ~o~d-
~ ~at bids ~~'~at a~
~or ~e of~ he ~S m~ hear
additional i t~t ev~enced by
serrate cou ~ons ~ ~ount not
exce~ing ~,210. All ~at~
. be s~ted in i~e~ral mul~es of
one-queer or one-tenth of one
~c~t. .~e bid offerin~ ~e
. lowest net inter~t c~t ~ot~ in-
ter~t f~ September 1, 19~, W
stated mam~tiei, l~ any p~m-
ium offered), wiH ~ d~ the
m~t favorab!% '~o bid of 1~
;than ~r Plus ,~ ~t~est ~
~ ~te of d~Dve.~r pro~ng for
a total ~tere~ ~ on .~ ~nd
,for any ~ri~ exee~ ~% or
for a b~ic ~ [~e~ ~ ~Y
,,year t~ i~' ~S ye~
right to w~ ~' ~rmality,
to reject a~ ~ ~d to
, B70r~
,~a~er
NOTICE
APPI,ICAT~ FOa
c~ vsm
NOTICE
mat on Septem~
o'clock p~., at
Hall, a he~g ~1~ be had
'the ~quest
u~ ~e follow~g descried prop-]~
e~ ~r
q~r ot
as p~ in the pla ~ ,Mo~";
~en?~ 'So~erly,':~: ~ W~t
lin~ ~t ~ald
ber, 110 a d~ :~*~ f~t;
~ of sad
t$out~ !!ne ~ead~w ~e
/~g~ ~ber,~ a' d~tance
t/~ 2~'0~ f~tl ~e~ite~
~ *~ .-,~ .".: :- ,'