HomeMy WebLinkAboutCity Council Minutes 08-15-1972 Specialc
A special meeting of the Plymouth Village Counci,Iwas called to order by
Mayor Hilde at 8:02 -p.m, in the Council Chambers of the Public Works Build-
ing, 14900 Twenty-third Avenue North, Plymouth, o;fin August 15, 1972,1
PRESENT: Mayor Hilde, Countilmen Hunt, Spaeth, I eiboldand Neils, Manager
Willis, Attorney -Lefler Fi nartce Director Ricker and Financial
Consultant Chenoweth Q'
ABSENT: None
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BOND SALE >
Pursuant to an advertisement for sale'of $4,7009000 improvement bonds, bids
were received, opened and tabulated as follows.:
TOTAL NET NET
BID AMOUNT INTEREST INTEREST
ACCOUNT MANAGER DEPOSIT OFFERED COST RATE
1. Banc Northwest of Minneapolis,
2. Continental Illinois National
Bank ,8 Trust Co,, Chicago)
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M, U T E!S
SPECIAL COU G.L rf TING
AUGUSf 15, 1972
3. UMIC, Inc., Memphis
94,000,00 $4,645,688,00 :2,18511657.00 4.84893%
942000.00, •$4,665,247;50 =2,2129833.15 4.90922%
94,000.00 $4,643,600600 $2097,612.50 5.31910%
4. Piper, Jaffray 8 Hopwood,
Inc., Minneapolis $94,000.00 $4,646,279400 $29249.921.00 4,99150%
K
MOTION was made by Councilman Hunt, seconded by Council-
man Seibold, to adept RESOLUTION NO.72484, A RESOLUTION
AWARDING THE SALE OF $4,700,000.00 IMPROVEMENT BONDS TO
BANC NORTHWEST OF MINNEAPOLIS AT AN INTEREST RATE OF
4,84093 PERCENT, Motion carried on a Roll Call vote, five
ayes.
MOTION was made by ;Councilman Spaeth, seconded.by Coun-
cilman Hunt,,,yo adopt RESOLUTION NO. 724856 A RESOLUTION
FIXING THE FORM AND SPECIFICATIONS OF THE BONpS, Motion
carried on a Roll Call vote, five ayes.
Ma or Hilde adj;,u'ned the meeting at 8:26 p.m,
RESOLUTION N0, 72-284
RESOLUTION NO, 72485
r
a
i / F
Sandra L. Haugen.
V11,149a Clerk
Y11149e of Plymouth. Mi nne ota
O
A
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3. UMIC, Inc., Memphis
94,000,00 $4,645,688,00 :2,18511657.00 4.84893%
942000.00, •$4,665,247;50 =2,2129833.15 4.90922%
94,000.00 $4,643,600600 $2097,612.50 5.31910%
4. Piper, Jaffray 8 Hopwood,
Inc., Minneapolis $94,000.00 $4,646,279400 $29249.921.00 4,99150%
K
MOTION was made by Councilman Hunt, seconded by Council-
man Seibold, to adept RESOLUTION NO.72484, A RESOLUTION
AWARDING THE SALE OF $4,700,000.00 IMPROVEMENT BONDS TO
BANC NORTHWEST OF MINNEAPOLIS AT AN INTEREST RATE OF
4,84093 PERCENT, Motion carried on a Roll Call vote, five
ayes.
MOTION was made by ;Councilman Spaeth, seconded.by Coun-
cilman Hunt,,,yo adopt RESOLUTION NO. 724856 A RESOLUTION
FIXING THE FORM AND SPECIFICATIONS OF THE BONpS, Motion
carried on a Roll Call vote, five ayes.
Ma or Hilde adj;,u'ned the meeting at 8:26 p.m,
RESOLUTION N0, 72-284
RESOLUTION NO, 72485
r
a
i / F
Sandra L. Haugen.
V11,149a Clerk
Y11149e of Plymouth. Mi nne ota
O
A
3. UMIC, Inc., Memphis
94,000,00 $4,645,688,00 :2,18511657.00 4.84893%
942000.00, •$4,665,247;50 =2,2129833.15 4.90922%
94,000.00 $4,643,600600 $2097,612.50 5.31910%
4. Piper, Jaffray 8 Hopwood,
Inc., Minneapolis $94,000.00 $4,646,279400 $29249.921.00 4,99150%
K
MOTION was made by Councilman Hunt, seconded by Council-
man Seibold, to adept RESOLUTION NO.72484, A RESOLUTION
AWARDING THE SALE OF $4,700,000.00 IMPROVEMENT BONDS TO
BANC NORTHWEST OF MINNEAPOLIS AT AN INTEREST RATE OF
4,84093 PERCENT, Motion carried on a Roll Call vote, five
ayes.
MOTION was made by ;Councilman Spaeth, seconded.by Coun-
cilman Hunt,,,yo adopt RESOLUTION NO. 724856 A RESOLUTION
FIXING THE FORM AND SPECIFICATIONS OF THE BONpS, Motion
carried on a Roll Call vote, five ayes.
Ma or Hilde adj;,u'ned the meeting at 8:26 p.m,
RESOLUTION N0, 72-284
RESOLUTION NO, 72485
r
a
i / F
Sandra L. Haugen.
V11,149a Clerk
Y11149e of Plymouth. Mi nne ota
O