HomeMy WebLinkAboutCity Council Resolution 1967-132i
White, Weld & Company 4.50% 1969-86; 4.60% $320,000.00
1987-88. Plus 1.40% Total Interest
on all bonds from ,
10/7/67 to 3/1/69, Average Rate
After due consideration of said bids, Councilman Hagen
introduced the following resolution and moved its adoption:
"Resolution No. 67-131
RESOLUTION AWARDING THE SALE OF $100,000.00
PARK IMPROVEMENT BONDS
BE IT RESOLVED, By the Village Council of the Village of
Plymouth, Minnesota as follows:
1. The bid of Piper, Jaffray & Hopwood to purchase
$100,000.00 Park Improvement Bonds of the village
described in the notice of sale thereof is hereby
found and determined to be the highest and best bid
received pursuant to duly authorized notice of sale
and shall be and hereby is accepted, said bid being
to purchase bonds bearing interest as follows:
Maturity Dates
1969-76
1977-82
1983-86
1987-88
All bonds
Interest Rates
4.10%
4.20%
4.30,%
4.40%
1.40% from 9/27/67 to 3/1/69
The Village Treasurer is directed to retain the good
faith check of the successful bidder pending completion
of the sale and delivery of the bonds, and the Village
Clerk -Administrator is directed to return the checks
of the unsuccessful bidders forthwith."
The above motion was seconded by Councilman Hunt and
upon vote being taken thereon the following voted in favor
thereof: Councilmen O'Fallon, Hunt, Duntley and Hagen. The
following voted against: None,
Whereupon said resolution was declared duly passed and
adopted.
* e e
Councilman Hunt introduced the following resolution and
moved its adoption:
"Resolution No. 67-132
RESOLUTION FIXING THE FORM AND SPECIFICATIONS
FOR $100,000.00 PARK IMPROVEMENT BONDS OF
1967, DIRECTING THEIR EXECUTION AND DELIVERY
AND PROVIDING FOR THEIR PAYMENT