#095 10-21-69 Award Sale of Improvement Bonds136
Resolution No. 95
October 21, 1969
Member Bies introduced the following resolution and MOVED its adoption:
RESOLUTION AWARDING SALE OF
$1,208,000 IMPROVEMENT BONDS OF 1969
BE IT RESOLVED b y the Village Council of the Village of Golden Valley,
Minnesota, that the highest and best bid for the purchase of $1,208,000
Improvement Bonds of 1969 of the Village, dated November 1, 1969, received
pursuant to public advertisement for bids, is that of John Nuveen & Company, Inc.
of Chicage, Illinois, and associates, said bid stating a price of $1,201,960
plus par and accrued interest for bonds to be issued in accordance with the
published notice of sale and to bear interest at the following rates per annum:
Maturity Years
1970
1971
1972
1973
197+
Interest Rate
5.30%
5.4o%
5.50%
5.60%
5.70%
Said bid is hereby accepted, and said bonds are hereby declared to be
awarded to said bidder. The Mayor and Manager are hereby authorized to
execute the contract for sale of said bonds to said bidder in behalf of
the Village, and the good faith check of said bidder shall be held by
the Village pending delivery of and payment for the bonds. The good
faith checks of other bidders shall be returned to them by the Clerk.
Mayor
Attest:
Village Clerk
The motion for the adoption of the foregoing resolution was duly seconded
by Member Stockman, and upon vote being taken thereon, the following voted
in favor thereof: Garis, Teresi, Stockman, Bies, and the following voted
against the same: None, whereupon said resolution was declared duly passed
and adopted and was signed and approved by the Mayor, and attested by the
Clerk.
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