11-28-60 Special Meeting1
1
SPECIAL MEETING
of the
VILLAGE COUNCIL
November 28, 1960
Pursuant to due call and notice thereof, a special meeting of the Village
Council of the Village of Golden Valley, Minnesota, was duly held at 7800
Golden Valley Road in said Village on Monday, November 28, 1960, at 7:00
o'clock P. M.
The following members were present: Bies, Flannagan, Nadasdy, Scherer, and
Teresi; and the following was absent: None.
Present were Village Manager and Clerk, Roger K. Ulstad; Village Attorney,
Stanley D. Kane; Fiscal Agent, T. G. Evensen.
Bond Sale-, Municipal _& Improvement Bonds for 1960:
The Mayor stated that this was the time and place heretofore fixed for the
receipt of bids for the purchase of $679,000 Improvement Bonds of 1960, and
$150,000 Municipal State -Aid Street Bonds of 1960 of the Village.
The Clerk presented affidavits of publication of the notice of sale of said
bonds in the Commercial West and in the Suburban Press, and on motion duly
made, seconded and carried, said affidavits were approved and ordered placed on
file.
The Clerk reported that 3 sealed bids had been received pursuant to said notice,
which were then opened and read aloud, and were found to be as follows:
Name of Bidder
JURAN-MOODY, INC.
PIPER, JAFFRAY & HOPWOOD
JOHN NUVEF,N & COMPANY
Net Interest Cost and Rate
$249,000.00 (3.73%) '-
$252,002.25 (3.78%)
$253,699.50 (3.80%)
After discussion of bids received, Member Flannagan introduced the following
resolution and MOVED its adoption:
"RESOLUTION AWARDING SALE OF $679,000 IMPROVEMENT BONDS OF
1960 AND $150,000 MUNICIPAL STATE AID STREET BONDS OF 1960"
The motion for the adoption of the foregoing resolution was duly seconded by
Member Bies, and upon vote being taken thereon, the following voted in favor
thereof: Bies, Flannagan, Nadasdy, Scherer, and Teresi; and the following
voted against the same: None,
whereupon said resolution was duly passed and adopted, and was signed by the
Mayor, and his signature attested by the Clerk. See Resolutions Book Page
Special Meeting of the Village Council, November 28, 1960 Page 2.
Member Flannagan then introduced the following resolution and MOVED its adoption:
"RESOLUTION AUTHORIZING AND PROVIDING FOR THE FORM AND DETAILS OF
$679,000 IMPROVEMENT BONDS OF 1960 AND APPROPRIATING SPECIAL ASSESSMENTS
FOR THE PAYMENT THEREOF"
The motion for the adoption of the foregoing resolution was duly seconded by
Member Bies, and upon vote being taken thereon, the following voted in favor
thereof: Bies, Flannagan, Nadasdy, Scherer, and Teresi;
and the following voted against the same: None,
whereupon said resolution was declared duly passed and adopted and was signed
by the Mayor, and attested by the Village Clerk. See Resolutions Book page :.
Member Flannagan then introduced the following resolution and MOVED its adoption.
"RESOLUTION ESTABLISHING FORM AND DETAILS OF $150,000 MUNICIPAL
STATE -AID STREET BONDS OF 1960"
The motion for the adoption of the foregoing resolution was duly seconded by
Member Bies, and upon vote being taken thereon, the following voted in favor
thereof: Bies, Flannagan, Nadasdy, Scherer, and Teresi;
and the following voted against the same: None,
whereupon said resolution was declared duly passed and adopted, and was signed
by the Mayor, and his signature attested by the Clerk. See Resolutions
Book page.
MOVED by Scherer seconded by Teresi carried to adjourn the meeting at 7:45 P.M.
Mayor
Attest:
�iJTage Manager and Clerk
F�