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271- 10/22/62 <br />i'iI:?UTES nF THE QECULBR ";EETI:$IC OF TIiE <br />EDINA VILLAGE COUMCIL, iIELD PIOXDAY, CfCT03ER 22, <br />1968, AT 7: 00 P.U. AT THE EDIXA VILL4GZ HALL <br />?$embers answerin? Rollcall were Dickson I Ilac7tillan , Tupa and VanValkenburq . <br />Uayor Pro Tsm Dickson presided in ffayor aredesen's absence, <br />$1,000,000 1TIPPI)VEI.TEIJT BONDS AXD~ $150,000 P4.W SYSTE!: BONDS SOLD. <br />present7d affidavits showing publrcation in the officj.a.1 nevspzper md tile <br />Ccnmercial Yest of notice of cal for bids on $150,000 Park System 30ndS and <br />$1,000,000 Improvement Son& of the Villa.2e3 For which bids viere to Le received <br />at this wetin2 in accordance with the resolution adopted by the Council cn <br />OctoSer 8, 1962, Said affidavits were examined, found to ccanly with the ?revisions of rlinnesota Statutes 1961, Chapter 475, and were aproved and <br />oTdere?. placed on file, <br />to said notice of call for bids, which ere theraupon opened znd read, and the <br />bizhest aad best bid of each bidder was found to be as follows: <br />The Clerk <br />The Clerk t"ln announced that six sealed bids had been received pursuint <br />$1,000,000 ImDrovcment 3onds <br />Maturit:? Pr incipal Intewst I4aturity Fr incipgl Interest <br />$150,000 Park Sys'tm 3onds <br />Dates Pmount ?.ate % Date5 Amount <br />T-r 1) 75ZGEZrL) . <br />iIORTH'?E S TE ?i? !?AT I OIJ AL 1963 $15,090 <br />3AUK OF "IIIJiJEAPOLTS : 1964 $100,000 3.10% 1954 15,000 <br />ALLIS OX !!ILL1 A'IS 1965 100,000 3.10% 1965 15,000 <br />J, 11, DAIX E COFlPANY, 1966 100,000 3.10% 1966 15,000 <br />PIPE?, JAFFREY EHOPWOD ,1967 LOO ,000 3.10% 1967 LO ,000 <br />CALD'1ELL-PHILLIPS E C0.1968 100,000 3.10% 1968 10,000 <br />SCHAUCi3"SSY CO'IPAiJY , 1969 100,000 3,10% 1969 LO ,000 <br />ifnODP,T!D EL'mOD E 1970 100,000 3.10% 1970 LO, 000 <br />Cr)rlPAI'JY 1971 100,000 3 ,lo% 1971 10,000 <br />1972 100,000 3.10% 1972 10,000 <br />1973 100,000 3.10% 1973 10,003 <br />1974 10,000 <br />1975 10,000 <br />Plus Premium of $588 22 on $1',150,000 Bonds <br />Avera2e idet Interest ?ate - 3 ,LO% <br />' Net Interest Cost - $230,671,78 <br />3 .lo> <br />3 10#?5 <br />3,105 <br />3 * LO3% <br />3 " 10"; <br />3 * 10:: <br />3.10% <br />3.10% <br />3.10% <br />3.108 <br />3.10% <br />3,102 <br />3.10% <br />' 1963 $15,000 2.00% <br />PAL4E ,:JSBSEP, JACKSON 1964 $100,000 2.00% , 1964 15,000 2.00'. <br />E CURTIS ,IIINLJEAPC)LIS : '1965 100,000 2.00% 1965 15,000 2.00% <br />AIlD - COVMERCE TXUST C0,1966 130,000 2.40% 1966 15,000 2.40% <br />KANSAS CITY NO. 1967 100,000 2,40% 81967 10,000 2.403 <br />1968 100,000 2.40% 1968 10,000 2 . 40% <br />1969 103,000 2.70% 1969 10,000 2,708 <br />1970 100,000 2.70% 19701 10,000 2.70% <br />1971 100,000 2,70% 1971 10,000 2.70% <br />1972 100,000 2.. 90% 1972 10,000 2.90% <br />1973 100,000 2.90% 1973 10,000 2 90'; <br />1974 10,000 2,90% <br />1975 10 $000 2.90% <br />Plus Interest on all bonds at rate of 1,20% per annum <br />for period Februarv 1, 1963 to June 1, 1963, <br />iJo Premium. <br />]Jet Interest Cost - $202,000 <br />Averags Net Interest Rdce - 2.70778 <br />XALSEY STUART E CO., <br />IBC, AiID ASSOCIATES <br />1963 $15,000 <br />1964 $100,000 3.75% 1964 15,000 <br />1965 100,000 3.75% 1965 15,000 * <br />1966 100 ,000 2,50% . 1966 15,000 <br />1967 100,000 2.50% 1967 10,000 <br />1968 100,000 2.50% 1968 10,000 <br />1969 100,000 2 . 50% 1969 10,000 <br />1970 100,000 2.50% 1970 LO ,000 <br />1971 100,000 2.756 1971 10,000 <br />1972 100,000 2.75% 1972 10,000 <br />1973 lOQ,000 2.90% 1973 10,000 " <br />1974 10,000 <br />1975 10,000 <br />Plus Premium of $913.50 on $1,150,000 i3onds <br />Met Interest Cost - $204,276,50 <br />Average Xet Interest Rate - 2,7382%, <br />3.75% <br />3.75% <br />3.75% <br />2.50% <br />2.502 <br />2.50% <br />2.50% <br />2.50: <br />2.75% <br />2.75% <br />2.90% <br />3 .OO% <br />3.00%