#388 12-28-67 Award Sale of Improvement Bonds•
Resolution No. 388
December 28, 1967
Member Teresi introduced the following resolution and Moved its adoption:
RESOLUTION AWARDING SALE OF
$595,000 IMPROVEMENT BONDS OF 1967
BE IT RESOLVED by the Village Council of the Village of Golden
Valley, Hennepin County, Minnesota, that the bid of THE FIRST NATIONAL
BANK OF St. Paul, Minnesota, of Minneapolis, Minnesota, for $595,000
Improvement Bonds of 1967 of said Village, dated December 1, 1967, at
a price of $193,955.00, 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
1968-1975 4.30%
1976-1979 4.40%
1980-1981 4.50%
1982-1983 4.6o%
1984-1987 4.70%
Plus additional interest of
1.20% per annum from 3/1/68
to 6/1/69 on on 1969/87 maturities
principal and interest to be payable at the main office of THE FIRST
NATIONAL BANK , in Minnesota, and to be
issued in accordance with the notice of bond sale heretofore duly
published, is hereby found and declared to be the highest and best
bid received pursuant to advertised notice 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.
Ma
Attest:
Vi age Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by Member Bies, and upon vote being taken thereon,the follow-
ing voted in favor thereof: Bies, Garis, Nadasdy, 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.
J
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