HomeMy WebLinkAboutCity Council Resolution 1964-065a
EXTRACT, OF MINUTS8 OF MEETING OF THE
VILLAGE, COUNCIL OF THE VILLAGE OF PLnOM-
HENNEPIb COMM, MIANESOrA
Pursuant to due call and notice thereof, a regular meeting
of the Village Council of the Village of Plymouth, Minnesota, was
duly held at tho Village Hall at 13800 State Highway No. 55 on the
14th day of September, 1964, at 7:30 o'clock P. M., Central Standard
Time.
The following members were present: Mayor Staples, Trustees
Curtis, O'Fallon and Humphrey; and the following members were
&*sent: Trustee Clifford.
e V* *• 4 0 0•
The Mayor announced that the Council would consider all bIAs
for the purchase of $55,000 Strcet Improvement ids of 1M as
advertised for sale. The Clerk gresented affidaoits slin img publics -
tion of notice of sale more than ten days in advance of sale to the
Minnetonka Herald, the official legal periodical of the Tillable,
and in Commercial Hest, a financial paper published is Missespolis,
Minnesota, which affidavits were examined and found to be ■atim-
factory and ordered placed oa file.
Thu Clerk presented the sealed bids which bad been delivered
to him prior to the time specified Is the notice of sale, and said
bids wase opened, examined and fovad to be as fellows;
NAM OF BIDDER IMBUT NAM AM= OF DID
Kalman h Company, Inc. 3.00% on all bonds maturing $66,000.00
1906 through 1070 inclusive
plus additional interest at Total Interest
1.10% from April 1, 1965
through October 1, 1965 $ 6,905.60
lAblusive
-la
14AME OF BIDDER INTEREST RATES AMOUINT OF BID
Piper, Jaffray &
Hopwood
3.00% on all bonds matur-
ing 1966 through 1970 in-
clusive plus additional
interest at 1.60`x, from
April 1, 1965 through
October 1, 1965 inclusive
Allison -Williams Com- 3.00% on all bonds w-tur-
pany ing 1966 through 1970 in-
clusive plus interest at
the rate of 2% per annum
$55,000.00
Total Interest
$ 7,02500
Average Rate
AMOUNT OF BID
$55,000.00
Total Interest
$ 7,122.50
Average Rate
After due consideration of said bids, Trumtee Curtis
introduced the following resolution and moved ite adoption:
RESOLUTION 64- 65
RESOLUTION AWARDING THE SALE OF $55,000
STREET IMPROVEMENT BONDS OF 1964
BE IT RESOLVED BY the Village Council of the Village of
Plymouth, Minnesota, as follows:
1. The bid of Kalman & Company, Inc., to purchase $55,000
Street Improvement Bonds of 1964 of the village de-
scribed in the notice of sale thereof is hereby found and de-
termined to be the highest and beat bid received pursuant to
duly advertised notice of sale and cnall bre and hereby is accepted,
said bid being to purchase bonds bearing interest as follows:
bonds maturingin the years 1988 through 1970, inclusive, 3.00%
per annum; plus additional inter3st on all bonds at the rate of
1.40% per annum for the period from April 1, 1965 to October 1,
1965, represented by a separate coupon, at a price of $55,000.00.
The Village Trea3urer is directed to retain the good faith check
of the successful bidder pendicg completion of the sale and
delivery of the bonds, and the Village Clerk is directed to return
the checks of the unsuccessful bidders forthwith.
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