HomeMy WebLinkAboutCity Council Resolution 1961-022,YMOUTfit
LAgE OF PtIMOUTH
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9, adopt
Rcs,plution No, 61-2L a tu t h of z the -l'.ajor and
)a, t orAcy to
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kosoltjtiu,, inclujud, ai—cog otrier lands, the N4rth
t of Lots 2;
23 and 24, Gr'perls Orchard TractS, 3MJ
WHEREAS:, it has
now b,,er deter(nir?J that it -4; 11 be unriereuiarj.
dG U"j,r&, �a I of
the" oi- th 0 f ae t 'of 4A I d 1016 gil said 434,1100r.,
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o4jittitt and iri thf- p�;bl is
ilj!_rvgl to amend
sald,Aesolution No. 61-22 to prijr,iJe for 'Ile taking
i n o (I t doma I o
of a tma I lor portion of 3a i ud 1 :. t
NOW TIOEFM
. 8L iT RESOLVLD BY THL COUNCIL OF THE VILLACE OF
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NOTICE OF SALE
;.... .. v
�Y
$90,000 Street Improvement Bonds of 1961, Series H J� '�'
;i Village -,of Plymouth, Minnesota
,NOTICE IS HEASBY GIVEN That the Village Couneil of the Village°
of Plymouth,_,Yinnesota will meet at .the Council Room, in said,vil-..
lags ron Tuesday,,= the third ,day: of October, 1961, at 8:00 o'clock,
r.
Centra•- Standard ;Time, the purpose of .receiving and con-
J_for j
eidering,spaled bids,for the` purchase 'cf $90#000 Street Improvement
20R..`
Sonde of .,18G1, Series 8, of the village`, bearing date' Of Qotober 1,
.. ?
1961, 'in the -denom nation of $1,000 each, all bearing: in'terest.,,at
the rate or rates designated by the successful bidder, payable'`,"
hA b-,
October 1, 1963, and semiannually thereafter on October 1 and April,
F
lN-in.each year and maturing serially .on October 1 -in `'the amount of
$18,000 in ;;'the years 1963'`to 1967, both inclusive, id, without
option. of prior payment.
`x
F The bonds will be general obligations of the village, Both '
principal and interest- will be payable at any suitable bank..desig- ,
}`
na�ted by the purchaser 'within 24 hours ,after award.- The vi°llagfl,
°op#cion
v
=4
wili'furnieh' printed "bonds and approving legal ofcr1193,sers.:"
Hovard, Peterson; 'LeFevere-, Lefler' and Maertien, Minneapolis, Minne-
'Sots, both -without expense -to -the, purchaser. The= bonds
} 49livere'd to, the ;.purchaser .within forty,- ,days after 'the d, to of"sale,
ac4bpanied
..
by .an unqualified approvfQg legal_.opinion,.an.customary
final deliyery,papers,Pincluding a certiificafe`showing absence of
litigation . If requested in the bid of they :succiepgtul bidder , 'a
s4
copy of "the 1ega ;opinion-certifted by , he. Village ..Cl it will be
w
printed on the back of "each- bond:lit thepense ;tiot , the" bidder.
'
All° bids mush; be, in writing enclosed in" a sealed', envelope ,-! be
unconditional; except as o `the abovik-,6pinioA be ,left 'the
rt
.and
with
uedarsigned prior :to the above time, accompanied ::'bp. * Yctrtified
4
i ' .• �dhecki bayin bank draft or" cashier's check the amount �pf, at least
� $1; 006 t6 the. 'the' ''village,'
p
,'� payable order. of to' be forfeited as
#
liquidated, damages"in event the bid is accepted and tl}=`bidder "fails
^.,to
eorply therewith. Bidders may state- one or °more . ii�te�rest rates .,
In multiples of one:quarter or one-tenth of one percep .,,, Each bid
may specify addi"tioinal intereat represented by e�ctraTcoupons for
a period n6t exceeding one year and in amount not xcee
eding $1500
'
�.. Bidderd�are also Oked to state total interest cost and average
rate . `Nq bid for, 1pse•4"than par' plus' accrued ;interest fr',om =date} of
'consdered:..Qrh.
r
to -date of bond. delivery will be °aueticti
.gin;
:bids will not be received. The,right.'to'waive. any informality and
M
the. right to reject any and all bids are reserved.
By Order of the,Village Council.
t
H. T. JOHNSON
_97 T. Johhson ;.
r
Village Clerk,
Village. of Plymouth
13800 Highway #55
Minneapolis "g7, Minnesota `. "
Herbert P. Lefler
'
Vif`lage Attorney
2201 First National Bank Building
'
!Minneapolis 2, Minnesota
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