05-10-62 Special MeetingSPECIAL MEETING
of the
VILLAGE COUNCIL
May 10, 1962
Pursuant to due call and notice thereof, a special meeting of the Village
Council of the Village of Golden Valley, Hennepin County, Minnesota, was
held at 7800 Golden Valley Road in said Village on May 10, 1962, at 7:30
o*clock P. M.
The following members were present: Flannagan, Nadasdy, Scherer; and
the following were absent: Bies, Teresi.
Present were Village Attorney, Stanley D. Kane; Village Clerk, Helen
Penniman.
The Mayor called the meeting to order at 7:30 P. M.
Bond Sale $2,6010 000 Water Improvement Bonds of 1962 Series A and B:
The Mayor stated that this was the time and place heretofore fixed for the
receipt of bids for the purchase of $2,600,000 Water Improvement Bonds of
1962, Series A and B.
The Clerk reported that four sealed bids for the purchase of $2,600,000
Water Improvement Bonds of 1962, Series A and B, had been received by
her prior to the time of this meeting,
bids
andreonsideredthereupon
preand
sented to the Council, opened, and publicly read
the highest and best bid of each bidder was found to be as follows:
Name & Address of Bidder
Interest Rates Premium'
AMERICAN SECURITIES CORPORATION,
3.910 °Ia -0-
New York
3.809 %o $500.00
r. S. SMITHERS & Co. AND ASSOCIATES
45 Wall Street, New York, 5, New York
3.784 % _0_
PIPER, JAFFRAY & HOPWOOD
JURAN & MOODY, INC.
Minneapolis, Minnesota
3.785 "% "0'
JOHN NUVEEN & CO., INC •
Chicago, Illinois
: Member Flannagan introduced the following
After discussion of bids receive
resolution and MOVED its adoption:
"RESOLUTION AWARDING SALE OP
SERIES$2,6000,000 BTER IMPROVEMENT BONDS
OF ,
1
1
Special Meeting of the Village Council, May 10, 1962
The motion for the adoption of the foregoing resolution was duly seconded
by Member Scherer and, upon vote being taken thereon, the following voted
in favor thereof: Flannagan, Nadasdy, Scherer; and the following voted
against the same: None, whereupon said resolution was duly passed and
adopted, signed by the Mayor and his signature attested by the Clerk.
See Resolutions Book page �.
Member Flannagan then introduced the following resolution and MOVED its
adoption:
"RESOLUTION AUTHORIZING ISSUANCE AND PROVIDING FOR THE FORM
AND DETAILS OF $2,600,000 WATER IMPROVEMENT BONDS OF 19621
SERIES A AND B, AND LEVYING AD VALOREM TAXES AND APPROPRIATING
SPECIAL ASSESSMENTS FOR THE PAYMENT THEREOF"
The motion for the adoption of the foregoing resolution was duly seconded
by Member Scherer, and upon vote being taken thereon, the following voted
in favor thereof: Flannagan, Nadasdy, Scherer; 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 Village Clerk. See Resolutions Book page ✓ &
MOVED by Scherer seconded by Flannagan carried to adjourn the meeting
at 8:15 P. M.
Attest:
Village Clerk