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8/2/65 <br />$300,000 RECREATION CENTER BONDS, SERIES A <br />Maturity Prin cip a3 Interest Maturity Principal Interest <br />Dates Amount Rate % Dates Amount Rate % <br />(Sept. 1) (Sept. 1) <br />NORTHWESTERN <br />NATIONAL BANK <br />OF bIINNEAPOLIS 1968 $10,000 3 19 75 $20,000 - 3.20 <br />1969 10,000 3 19 76 20,000 3.20 <br />1970 10,000 3 1977 20,000 3.20 <br />19 71 10,000 3 19 78 30,000 31 20 <br />19 72 10,000 3 19 79 30,000 3.30 <br />1973 20,000 3 19 80 30,000 3.30 <br />19 74 20,000 3 39 81 30,000 3.30 <br />19 82 30,000 3.30 I Plus interest accrued from September 1, 1965, to the date of delivery <br />Net Interest Cost - $115;680.00 <br />Average Net Interest Rate - 3.3051 per cent per annub $i5o,ooo RECREATION CENTER BONDS, SERIES B <br />Maturity Principal Interest Maturity Principal Interest <br />Rate % Dates Amount Rate % <br />I (Septa 1) <br />Dates Amount <br />ISept. 1) <br />N ORTHKE STERN <br />NATIONAL BANK <br />OF MINNEAPOLIS E <br />EDINA CETIZEN <br />COMMITTEE FOR THE <br />MUNICIPAL ICE <br />ARENA 1968 $ 5,000 3 1975 $10,000 3 <br />1969 5,000 ‘3 1976 10,000 3 <br />19 70 5,000 -3 1977 10,000 3 <br />1971 5,000 3 1978 15,000 3 <br />19 72 5,000 3 19 79 15,000 ’3 <br />1973 10,000 3 19 80 15,000 3 <br />19 74 10,000 “3 19 81 15,000 3 <br />19 82 15,000 3 <br />Plus interest accrued from. September 1, 1965, to the date of delivery. <br />Net Interest Cost - $52,500 00 <br />Average Net Interest Rate - 3.00 per cent per annum <br />The interest on said bonds (being the total interest to the stated maturities, less any <br />premium.offered) according to the respective bids was then computed and reported. <br />following Resolution and moved its adoption: <br />After consideration of the foregoing bids, Trustee NacbIillan introduced the <br />RESOLUTION AWARDING SAL& OF <br />$300,000 ECREATLON CENTER BONDS, SERIES A <br />BE 3T RESOLVED by the Village Council of the Village of Edina, Minnesota, that the <br />bid of First Edina National Bank, of Edina, Minnesota, and associates, to purchase <br />$300,000 Recreation Center Bonds, Series A,“ of the Village to be dated September 1, 1965, <br />at a price of par plus accrued interest bohds maturing in the years set forth below to <br />bear interest at the respective rates per annum set forth opposite such years: <br />Maturity Years Interest Rat e <br />r <br />1968 through 1971 3.00% <br />I- 1972 through 1974 3.10% <br />1975 through 1978 3.20% <br />.L 1979 through 1982 3.30% <br />principal and interest to be payable at the main office of the First National Bank of <br />Minneapolis, in Minneapolis, Minnesota, and to be issued in accordance with the notice <br />of bondasale heretofore duly published, is hereby found and declared to be the highest <br />and bes-t: bid received pursuant to advertised notice of sale of said bonds, and is hereby aid successful <br />I <br />Trustee .Tups, and upon vote being taken t <br />MacBIillan, Rixe, Tupa and VanValkenburg, and the following voted against the same: <br />whereupon said resolution was declared duly passed and adopted and was signed by the Naygo <br />and attested by the Clerk. <br />None;