#254 12-07-66 Award Sale Improvements Bonds and Park BondsX84
Resolution No. 254 December 7, 1966
Member Flannagan introduced the following resolution and MOVED its
adoption:
RESOLUTION AWARDING SALE OF $432,000 IMPROVEMENT
BONDS OF 1966 AND $185,000 PARK BONDS OF 1966
BE IT RESOLVED by the Village Council of the Village of Golden Valley,
Hennepin County, Minnesota, that the bid of
, of , , for $432,000 Improve-
ment bonds of 1966 and $185,000 Park Bonds of 1966 of said Village, dated
December 1, 1966, at a price of $218,818.50, the bonds maturing in the years
shown below to bear interest at the respective rates per annum set forth
opposite such maturity years, as follows:
Years of Maturity Interest Rate
1967/1982 4.30%
1983/1986 4.40%
Plus additional interest 1.50%
per annum from 2/1/67 to
12/1/67 ("B" coupons)
principal and interest to be payable at the main office of Northwestern
National Bank, in Minneapolis, Minnesota, and to be issued in accordanne
with the notice of band sale heretofore duly published, is hereby found and
declared to be the highest and best bid received pursuant to advertised
notice of sale of said bonds, and is hereby accepted. The Village Clerk is
directed to retain the good faith check of said successful bidder and to
return all other good faith checks forthwith.
Mayor
Attest:
er
The motion for the adoption of the foregoing resolution was
duly seconded by Member Garis, and upon vote being taker thereon, the
following voted in favor thereof: Flannagan, Garis, Stockman, 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, which
was attested by the Clerk.