HomeMy WebLinkAboutCity Council Resolution 1969-267i� ,i, Tt is hereby decexv_' na4 that _ ,CtZ,_ cos, o
v'arioup rtublic li-mrovements, gursuant: _a cont= a
.octs hereto-
fore let, r ,ihich. Will. be let prior tc eeiiv,>-v of bands
rnt l ': ? zic2t ; es5 'he.,s`t3B1 of $2,696,X70 zed that of the,
tt a a # 11cly vern nts more tan 20 E wi11 be paid
�zf �tiit� osS.�ri nt aye
ted by
against property benefi
cause xotice' of ale to be ptiblishe orLceTnot lesst
10 days in a ivance of the sale i_n the official nevisp
a =1e Village. and in Conmercial West, a.finaneial p
pub. ishedr, in L,inneagal s , : y, nneSata.
NOTICE OF SALE
$2,740,000 TEMPORARY IMPFffnNENT BONDS OF 1969
VILLAGE OF PLYMOUTH, MINNESOTA
NOTICE IS HEREBY GIVEN That the Village Council of the
Village of Plymouth, Minnesota will meet at the Village Hall in
the Village of Plymouth, Minnesota on Thursday the 4th day of
September, 1969 at 7:30 o'clock p.m. to receive sealed bids for
the purchase of $1,740,000 Ts pOrary Improvement Bonds of 1969
of the Village. The bonds will be general obligation negotiable
coupon bonds in the denomination of $5,000 each or in multiples
thereof at the option of the purchaser if specified within 48 lun=
after the award, dated October 1i 1969 bearing interest at the
rate designated by the successful bidder, payable October 1, 1970
and semiannually thereafter on April 1 and October 1 in each year.
All of said Temporary Improvement ponds of 1969 shall mature on
October 1, 1972, but "Deet to option of prior payment on
October 1, 1970 or any interest pAyment date thereafter at par
plus accrued interest.
Both principal and interest will be payable at any
suitable bank designated by the purchaser within 48 hours after
the award. The village will furnish printed bonds and approving
legal opinion of Messrs. Howard, LeFevere, Lefler, Hamilton and
Pearson, Minneapolis, Minnesota, both without expense to the pur-
chaser. The bonds will be delivered to the purchaser, without
expense anywhere in the continental United States, within forty
(40) days after the date of sale, accompanied by an unqualified
approving legal opinion and customary final delivery papers, in-
cluding a certificate showing absence of litigation.
All bids must be in writing, enclosed in a sealed en-
velope, be unconditional except as to the above opinion, and be
left with the undersigned prior to the above time, accompanied
by a certified check, bank draft or cashier's check in the amount
of at least $54,800, payable to the order of the village, to be
forfeited as liquidated damages in event the bid is accepted and
the bidder fails to comply therewith.
No split rate bids will be accepted and bids shall not
provide for supplemental "B" coupons.
The bid deemed most favorable to the village will be
accepte,3. No bid for less than $2,686,570 plus accrued interest
from date of issue to date of bond delivery will be considered
and oral bids will not be received. The right to waive any infor-
mality in any bid and the right to reject any and all bids are
reservad.
BY ORDER OF THE VILLAGE COUNCIL
Gerald G. Splinter
Clerk -Administrator
Village of Plymouth, Minnesota
Further Information
may be obtained from:
Juran & Moody, Inc.
114 East 7th Street
St. Paul, Minnesota
acid -Upoxi
tea: fi�,V�
E N�l 5
10 K
' -,and-
a
f
aulm is, t=e '40
w"
and
xic a
:a4- e s:hin�:"ete the
of $2,740,000 TeMporary ImproVeMent Bonds of 1.969 or the Vill4ge.