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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 />HALL <br />c <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 />Finance <br />His recommendation contained advice that additional loans <br />Council <br />I <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 />Hidland <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