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11/4/63 Interest Rate Premi gE29 m Name of Bidder Naturity Dates <br />./ 1969-1971, Incl. 3 . 00% 3 <br />Continental Illinois National Bank) (December 1) <br />and Trust Company of Chicago ) 1965-1968 , Incl. 2 . 80% <br />Hornblower E Weeks 1. 1972 and 1973 3.10% <br />Bathe E Co. 1974 and 1975 3 . 20% $826.88 <br />Ira Haupt E Co. 1 1976 and 1977 3.30% <br />Reinholdt E Gardner 1978-1982, Incl. 3 . 40% <br />Carleton D. Beh Co. 1 1983-1987, Incl. 3.50% <br />White, Weld E Co, 1 <br />Plus Additional Coupon on All Bonds <br />at l.LO% from 1/1/64-12/1/64 <br />Net Effective Int. Rate - 3.33342% <br />First National Bank, Mpls., Manager) 1965-1967, Incl. 2.50% <br />Allison-Williams Co., Mpls. ) 1968-1970, Incl. 2 . 80% <br />Blyth E Co., Inca , Mpls. ) 1971-1974, Incl. 3.00% <br />J.M. Dain E Co., Mpls. ) 1975-1977, Incl. 3 , 20% None <br />Francis I. Dupont E Co., Mpls. ) 1978-1980, Incl. 3 , 30% <br />First National Bank, St, Paul ) 1981-1984, Incl. 3.40% <br />Northwestern National Bank, Mpls. ) 1985-1987, Incl. 3.50% <br />Piper, Jaffray E Hopwood, Mpls, <br />Woodard-Elwood E CO., Mpls. <br />Caldwell Phillips Co., St.Pau1 <br />First ' National Bank, Edina <br />First Southdale National Bank,Edina) <br />)Plus Additional Coupon on All Bonds <br />)at 2.00% from 3/1/64-12/1/64 <br />)Net Effective Intr Rate - 3.28772% <br />Shaughnessy E Co., St.Pau1 1 <br />, Trustee VanValkenburg introduced the following resolution and moved its adoption: <br />RESOLUTION AWARDING SALE OF $1,400,000 <br />IMPROVEMENT BONDS OF 1963, $400,000 WATERWORKS BONDS OF 1963, <br />AND '$825,000 GOLF COURSE BONDS OF 1963 <br />BE IT RESOLVED by the Village.Counci1 of the Village of Edina, Minnesota, that <br />in accordance with instructions of this Council, notice has been published of the sale of <br />$2,625,000 negotiable coupon general obligation bonds of the Village consisting of <br />$1,400,000 Improvement Bonds of 1963, $400,000 Waterworks Bonds of 1963 and $825,000 <br />Golf Course Bonds of 1963, all to be dated December 1, 1963, and all bids received <br />pursuant to said notice of sale have been duly opened and considered and the highest <br />and best of such bids is hereby found and determined to be that of FIRST NATIONAL BANK <br />of the City of NINNEAPOLIS, MINNESOTA, and associates named therein, to purchase said <br />$2,625,000 bonds at a price of par and accrued interest, plus a premium of $-0-; the <br />respective issues to bear interest from date of issue until paid as follows: <br />$1,400,000 Improvement Bonds of 1963 <br />Maturity Years Interest Rates <br />1965 through 196V <br />1968 through 1970 <br />1971 through 1974 <br />2 . 50% <br />2 . 80% <br />3 . 00% <br />and each and a11 of the bonds maturing in the years 1965 through 1974 to bear additional <br />interest at the rate of 2.00% per annum from March 1, 1964 to December 1, 1964, represented <br />by a separate set of coupons designated as rrBrl coupons. <br />$400,000 Waterworks Bonds of 1963 <br />1966 through 1967 2.50% <br />1968 through 1970 . 2 . 80% <br />1971 through 1974 3.00% <br />1975 through 1977 3 . 20% <br />1978 through 1980 3 , 30% <br />and each and a11 of the bonds maturing in the years 1966,through 1980 bear additional <br />interest at the rate of 2.00% per annum from March 1, 19.64 to December 1, 1964, represented <br />by a separate set of coupons designated as rrBrr coupons. <br />$825,000 Golf Course Bonds of.1963 <br />1966 through 1967 2 . 50% <br />1968 through 1970 2.80% <br />1971 through 1974 ,3.00% <br />1975 through 1977 . 3,20% <br />1978 through 1980 .3 . 30% <br />1981 through 1984 3 . 40% <br />1985 through 1987 3,50% <br />and each and all of the bonds matuping in the years 1966 through 1987 to bear additional <br />interest at the rate of 2.00% per annum from March 1, 1964 to December 1, 1964, represented <br />by a separate set of coupons designated as rrB1l coupons. <br />the acceptance of the Village upon duplicate copies of said proposal and to return a copy <br />thereof to said bidder and to file the original in the office of said Clerk. <br />faith check furnished by said successful bidder shall be retained by the Village Treasurer <br />pending delivery of the bonds and payment of the purchase price, and the checks of other <br />bidders shall be returned to them forthwith. <br />The Mayor and the Village Clerk are hereby authorized and directed to endorse <br />The good