HomeMy WebLinkAboutCity Council Resolution 1984-159CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a Special meeting of
the City Council of the City of Plymouth, Minnesota, was held on the
26th day of March , 1984 . The following members
were presencesting MayorSchneider, ounce members Floen, Neils and Crain
The following members were absent:_ Mayor Davenport
Councilmember Moen introduced the following Resolution and
moved its adoption:
RESOLUTION NO. 84- 159
DECLARING REGISTRATION AWARENESS MONTH
MINNESOTA SELECTIVE SERVICE SYSTEM
WHEREAS, the continuation of the program for peacetime registration for
the Selective Service System contributes to National readiness by reducing
as much as two months the time required for a full defense mobilization;
and
WHEREAS, over one million United States citizens have sacrificed their lives
to protect the rights and freedoms of all Americans and registration for
Selective Service is an integral part of current preparedness to preserve
these rights and freedoms in the future; anu
WHEREAS, more than 10 million men, representing over 96 percent of potential
registrants, have registered with the Selective Service System since the
resumption of registration and by so registering have enhanced United States
National defense preparedness; and
WHEREAS, the Selective Service System has been tasked with assisting in the
process of improving our readiness posture by calling upon eighteen year old
male citizens to identify themselves by simply registering their name,
address, date of birth and social security number with that System by spending
five minutes at the Post Office within thirty days of their eighteenth
birthday; and
WHEREAS, there is a severe penalty for failure to register;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Plymouth
does hereby support continuation of registration with Selective Service
and does hereby declare April, 1984 as REGISTRATION AWARENESS MONTH and does
hereby urge all the young men in the State of Minnesota to register with the
Selective Service System in accordance with the Military Selective Service
Act.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Crai . and upon vote being taken thereon, the
0 ow ng Vote n aVor ere0 : Acting Mayor SrhnwiAar rnunrilmemh r�pp,
Theifollowing vote against or a stained: non
Whereupon the Resolution was declared duly passe &A
adopted.
EXTRACT OF MINUTES OF MEETING OF THE
CITY COUNCIL OF THE CITY OF PLYMOUTH
COUNTY OF HENNEPIN, MINNESOTA
Pursuant to due call and notice thereof, a regular meeting of the City
Council of the City of Plymouth, Minnesota, was duly held in the City Hall
in the City of Plymouth, on Monday, March 26, 1984, commencing at
7:30 o'clock p.m., C.T.
The following members of the Council were present:
Council Members Patricia Hoyt Neils, Patricia Moen, Virgil Schneider, Dave Crain
and the following were absent: Mayor David Davenport
The Mayor announced that the meeting was convened for the consider-
ation of the bids which had been. received for the purchase of the City's
$4,900,000 General Obligation Improvement Bonds of 1984, as advertised for
sale. The City Manager presented affidavits showing publication of notice
of sale in the City's official newspaper and in Commercial West, a
financial paper published in Minneapolis, Minnesota, which affidavits were
examined, found satisfactory and ordered placed on file.
The City Manager presented a tabulation of the bids which had been re-
ceived in the manner specified in the notice of sale of the Bonds. The
bids were as follows:
See attached "Bid Tabulation"
BID TABULATION
$4,900,000 General Obligation Improvement Bonds
Plymouth, Minnesota
SALE: Monday, March 26, 1984
AWARD: PIPER, JAFFRAY & HOPWOOD, INC.
RATINGS: Moody's "A-1"
S & P "A"
COUPON NET INTEREST COST I
NAME OF BIDDER RATE YEAR d RATE PRICE
PIPER, JAFFRAY & HOPWOOD, INC.
Minneapolis, Minnesota
Allison -Williams Company
American National Bank & Trust Company
Blyth Eastman, Paine Webber, Inc.
First National Bank of Minneapolis
E.F. Hutton & Company, Inc.
Juran & Moody, Inc.
Miller & Schroeder Municipals, Inc.
Robert W. Baird & Company, Inc.
Craig Hallum, Inc.
F & M Marquet,�e National Bank
eller Securities, Inc.
bert S.C. Peterson, Inc.
Dean Witter Reynolds, Inc.
-IN ASSOCIATION WITH-
NORWEST SECURITIES
Minneapolis, Minnesota
THE FIRST NATIONAL BANK OF ST. PAUL
St. Paul, Minnesota
Dougherty, Dawkins, Strand & Yost, Inc.
Moore, Juran & Company, Inc.
M.A. Novick & Company, Inc.
Charmer Newman Securities Company
CRONIN & MARCOTTE, INC.
Minneapolis, Minnesota
DAIN BOSWORTH, INC.
Minneapolis, Minnesota -
MERRILL LYNCH WHITE WELD CAPITAL MARKETS
Minneapolis, Minnesota
6.20%
6.50%
7.00%
7.30%
7.60%
7.90%,
8.10%
8.40%
8.70%
9.00%
6.20%
6.60%
7.00%
7.30%
7.60%
7.90%
8.10%
8.40%
8.90%
9.00%
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
$2,081,985.00
8.1486%
$2,086,825.00
8.1676%
.....Bid Tabulation continued on the reverse side.....
$4,827,590.00
$4,828,950.00
$4,900,000 G.O. Improvement Bond*
Plymouth, Minnesota
March 26, 1964
Page 2 .
COUPON NET INTEREST COST
NAME OF BIDDER RATE YEAR 6 RATE PRICE
THE FIRST NATIONAL BANK OF CHICAGO
Chicago, Illinois
HARRIS TRUST 6 SAVINGS COMPANY
Chicago, Illinois
SMITH BARNEY, HARRIS UPHAM 6 COMPANY
New York, New York
Kidder, Peabody 6 Company
Chemical Bank
Lehman,Brothers, Kuhn, Loeb, Inc.
Clayton Brown 6 Associates, Inc.
LaSalle National Bank
InterFirst Bank Dallas
Hutchinson, Shockey, Erley 6 Company
Marine Bank, N.A.
-IN ASSOCIATION WITH -
CONTINENTAL ILLINOIS NATIONAL
Chicago, Illinois
THE NORTHERN TRUST COMPANY
Chicago, Illinois
PRUDENTIAL-BACHE SECURITIES,
Chicago, Illinois
A.G. Becker Paribas, Inc.
6.40%
6.80%
7.10%
7.40%
7.70%
8.00%
8.30%
8.60%
8.90%
9.20%
BANK AND TRUST COMPANY
INC.
L.F. Rothschild, Unterberg, Towbin
Bear, Stearns 6 Company
Mercantile Trust Company, N.A.
The First National Bank S Trust Comapny - Oklahoma
Bank of Oklahoma, N.A.
First Wisconsin National Bank
Matthews 6 Wright, Inc.
Blunt, Ellis 6 Loewi, Inc.
Commerce Bank of Kansas City,
Van Kampen 6 Merritt, Inc.
Sauerman Securities, Inc.
of Milwaukee
N.A.
Ehlers and Associates,
507 Marquette Avenue
Minneapolis, Minnesota
(612) 339-8291
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
Inc.
55402
$2,119,175.00
8.2942%
$4,828,950.00
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