rr;! 9-7 4 12/30/63
<br />14INUTES OF THE ADJOURNED PORTION OF THE DECEHBER 16,
<br />196 3 REGULAR VILLAGE COUNCIL MEETING, HELD MONDAY,
<br />DECEMBER 30, 1963, AT 5:OO P.M., AT EDINA VILLAGE
<br />Hembers answering Rollcall were MacMillan, Tupa, VanValkenburg and Bredesen.
<br />LIQUOR FUHD LOAN TO GOLF COURSE FUND FOR WORKING CAPITAL AUTHORIZED.
<br />Director Dalen recommended that Council authorize a loan of $60,000 from the
<br />Liquor Dispensary Fund to the Golf Course Fund, for operating costs and
<br />equipment purchases.
<br />may be necessary during 1964 for inventories and other operating costs,
<br />discussed the estimate of 1964 operating expenses accompanying the recommendation,
<br />and VanValkenburg moved that Council authorize a $60,000 loan from Liquor
<br />Dispensary Fund to Golf Course Fund, to be used for operating costs and
<br />equipment purchases, said loan to be repaid hy the Golf Course Fund as soon
<br />as earnings permit.
<br />His recommendation contained advice that additional loans
<br />Motion seconded by Macbfillan and carried.
<br />COUNCIL TAKES FORMAL ACTION AUTHORIZING LOAN OF $65,000 FROM PARK CONSTRUCTION
<br />FUND TO GOLF COURSE FUND.
<br />formalize its implied action o€ October 21, authorizing loan from Park Construction
<br />Fund to Golf Course Fund in amount of $65,000, was reviewed by Council. After some
<br />discussion bn the matter, VanValkenburg moved, authorizing said loan, with the
<br />understanding that it will be repaid to the Park Construction Fund as soon as
<br />earnings permit. f.iotion seconded by 1.lacMillan and carried,
<br />COIJIMENDATION TO POLICE AND FIRE EMERGENCY SQUADS FILED.
<br />Mr. and I-lrs. Richard Derby, 5928 Ashcroft Avenue, commending Edina Emergency .
<br />Squads for their prompt and efficient help during the illness of their daughter,
<br />was accepted with thanks by the Council and ordered placed on file.
<br />Finance Director Dalen's recommendation, that Council
<br />The letter written by
<br />SEASON'S GRETINGS FR0f.I PUBLIC WORKS DEPARTlENT was read with appreciation and
<br />ordered placed on file.
<br />EDUCTION IIq COLLATERAL PLEDGED BY MIDLAND NATIONAL BANK APPROVED .
<br />National Bank's request for reduction from $175,000 to Sf23,OOO in collateral
<br />pledged for Edina deposits, was noted. Finance Director Dalen reported that as
<br />of December 31, deposits in !-lidland Bank will total less than $30,000.
<br />motion, that Clerk-Treasurer be allowed to release to Midland National Bank the
<br />following securities pledged as collateral for Edina deposits:
<br />Nacbiillan's I
<br />$15,000 City of Moorhead Certificates of Indebtedness - 1.90% due 2/1/64
<br />$35,000 Independent School District, Rice County - 2.60% due 1/1/64
<br />was seconded by Tupa and unanimously carried.
<br />CLAIMS PAID.
<br />Pre-List dated December 30, 1963, was seconded by VanValkenburg and carried:
<br />and Golf Course Funds, $3,172.52; Waterworks Fund, $6,003.83; Liquor Fund,
<br />$75,840.79; Sewer Rental .Fund, $800 b89 j and Improvement Funds, $180 .OO--TOTAL,
<br />$101,192 ..81.
<br />Tupa's motion, authorizing payment of the following Claims as per
<br />General Fund, S7i525.68; Construction Fund, $7,669.10; Park, Park Const.
<br />MEETING ADJOURNED FOR TRIP TO NEW VILLAGE GARAG. Mr. Hyde told CounciL that the
<br />move to the new Village Garage has now been completed; and, inasmuch as there was
<br />no further business to come before this Meeting, Tupa Gorred for adjournment of
<br />meeting for inspection trip to New Public Works Building.
<br />l4acMillan and carried.
<br />Flotion seconded by
<br />Adjournment at 5:25 PA
<br />./ Village' Clerk