04-12-55 Special MeetingSPECIAL MEETING
of the
VILLAGE COUNCIL
April 12, 1955
Pursuant to due call and notice thereof a Special Meeting of the Village
Council of the Village of Golden Valley was held in the Village Hall in
said Village on the 12th day of April 1955, at 7:55, o'clock P.M. The
following members were present: Foss, Huebsch, Rahn. member Stark
arrived at 8:00 o'clock P.M. Member Bies was absent. The Mayor called
the meeting to order at 7:55 o'clock P.M.
The Mayor recommended that Mrs. Severne Ban ock be appointed acting clerk
for the purpose of recording Council action of the instant meeting.
Moved by Foss seconded by Rahn, carried to approve the recommendation of
the Mayor.
General Mills Proposed Office Building: The Mayor read a letter from
Howard B. Loomis, Project Engineer for General Mills, Inc., relative
to the construction of their proposed new office building to be located
on the northeast corner of Wayzata Boulevard and County Road No. 18.
Letter was placed on file in the Office of the Village Clerk.
Appointment, Residential Building Inspector: The matter of confirming the
appointment of Mr. Dan Lynch as Residential Building Inspector to be a
permanent assignment was tabled until the regular meeting of April 19,
1955.
Bids - Petroleum Products: The Mayor asked for the tabulation on bids on
petroleum products received at the meeting of April 5, 1955• After some
discussion it was decided to defer decision to the regular meeting of
April 19, 1955.
Sanitary Sewer Lateral Bond Issue($ 1,000,000.00): The Clerk presented
an a fidavit of publication of notice of sale of the $ 1,000,000.00
Lateral Sewer Improvement No. 1 Bonds of the Village in the Commercial
West and in the official Village newspaper, for which bids were to be
received at this meeting in accordance with the resolution adopted by
the Village Council on March 15, 1955• Said affidavit was examined and
ordered placed on file in the Office of the Village clerk.
On motion duly made by Member Foss, seconded by Member Rahn and carried,
the terms of sale of said bonds set forth in said notice were approved,
confirmed and ratified.
The Mayor announced that this was the time and place fixed in said
notice for the opening and consideration of sealed bids for said bonds.
Mr. Evensen of T. G. Evensen and Associates, Inc., financial advisors,
then discussed and explained the manner of bidding and announced that
four (4) sealed bids had been received which were thereupon opened and
read and the highest and best bid of each bidder was found to be as followss
Name of Bidder Average Net Int. Rate Premium
Barcus, Kindred & Co.
B. J. Van Ingen & Co., Inc. 2.895 $225.00
Widmann & Co.
W. E. Hutton & Co.
Seasongood & Mayer
Pohl & Co.
Wachob, Bender Corp.
Walter, Woody & Heimerdinger 3.41 101.50
Piper, Jaffray & Hopwood
Allison Williams Co.
J. M. Dain & Co.
Caldwell, Phillips Co.
Mannheimer -Egan, Inc.
Shaughnessy & Co., Inc.
Harold E. Wood & Co.
Woodard -Elwood & Co.
Juran & Moody, Inc.
Kalman & Co.
Paine, Webber, Jackson & Curtis
E. J. Prescott & Co. 2.96 None
Central Republic Co.
McCormick & Co.
F. S. Yants & Co.
Allan Blair & Co.
M. B. Vick & Co.
Baxter, Williams & Co. 3.14 500.00
After consideration of the foregoing bids, Member Foss introduced the
following resolution herein quoted by title and MOVED its adoption:
"RESOLUTION AWARDING SALE OF $ 1,000,000.00 LATERAL SZiER IMPROVETUNT
NO. 1 BONDS."
The motion for the adoption of the foregoing resolution was duly seconded
by Member Stark and upon vote being taken thereon the following members
voted in favor thereof: Foss, Huebsch, Rahn ar_d Stark (Member Bies was
absent,) and the following voted against the same: None, whereupon said
resolution was declared duly passed and adopted, signed by the Mayor and
his signature attested by the Clerk. See 'resolutions Book Page No. -2/g.
Member Rahn then introduced the following resolution herein quoted by
title and MOVED its adoption: "RESOLUTION CREATING LATERAL SEWER IMPRjVE
MENT NO. 1 FUND, PROVIDING FOR AND APPROPRIATING SPECIAL ASSESSMENTS AND
GENERAL TAXES TO THE SUPPORT AND MAINTENANCE THEREOF AND DIRECTING
ISSUANCE OF LATERAL SFJER IMPROVEMENT NO 1 BONDS."
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The motion for the adoption of the foregoing resolution was duly
seconded by Member Foss and upon vote being taken thereon the following
members voted in favor thereof: Foss, Huebsch, Rahn and Stark, (Member
Bies was absent), and the following voted against the same: None, where-
upon said resolution was declared duly passed and adopted signed by the
Mayor and his signature attested by the Clerk. See Resolutions Book Page No.gqj.
The Mayor recommended that Mrs. Severne Banock be appointed acting clerk
for the purpose of recording Council action of the instant meeting.
MOVED by Foss seconded by Rahn, carried to approve the recommendation of
the Mayor.
MOVED by Rahn seconded by Foss carried that the meeting adjourn.
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