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i 8/21 65 <br />MINUTES OF THE REGULAR MEETING OF THE <br />IN THE EDINA VILLAGE HALL <br />EDINA VILLAGE COUNCIL, HELD MONDAY, AUGUST 2, 1965, AT 7:OO P.M. <br />Answering Rollcall were Members MacMillan, Rixe , Tupa and VanValkenburg <br />being absent, VanValkenburg served as Ma$or Pro Tem. <br />MINUTES of the Tcojm'cS&Meetings of July 7 and 12, 1965, and the Board of Review on <br />July 14, 1965, were approved as submitted by Motion MacMillan, Seconded by fixe and <br />carried <br />Mayor Bredesen <br />RECREATION CENTER BONDS SOLD. <br />of Notice of Sale of $300,000 Recreation Center BondsI Series A; and $150,000 Recreation <br />The Village Clerk presented Affidavits of Publication <br />Center Bonds, Series B, of the Village, for which bids were to be received at this <br />meeting; in accordance with a Resolution adopted by the Village Council on July 7, 1965, <br />which were approved and ordered placed on file. The Village Clerk reported that six <br />sealed bids had been received in her office prior to the time of this meeting, which <br />bids were thereupon opened and publicly read and considered and were found to be as <br />follows : <br />$300,000 RECREATION CENTER BONDS, SERIES A <br />Maturity Principal Interest Maturity Principal Interest <br />- <br />FIRST EDINA <br />NATIONAL BANK <br />FIRST NATIONAL <br />BANK OF <br />MINNEAPOLIS <br />9MERICAN <br />NATIONAL BANK <br />TRUST COMPANY <br />OF ST. PAUL <br />KALMAN E <br />COMPANY, INC. <br />E <br />Dates Amount Rate % Dates Amount' Rate % <br />(Segt. 1) (Septa 1) <br />1968 $10,000 3 1975 $20,000 <br />1969 10,000 3 19 76 .20,000 <br />1970 10,000 3 1977 20,000 <br />1971 10,000 3 1978 30,000 <br />1973 20,000 3.10 1980 30,000 <br />19 74 20,000 3.30 1981 30,000 <br />39 82 30,000 <br />19 72 LO ,000 3.10 1979 30,000 <br />Plus interest accrued from September 1, 1965, to the date of <br />Net interest Cost - $113,090.00 <br />Average Net Interest Rate - .3.231142 per cent per annum <br />3.20 <br />3.20 <br />3.20 <br />3.20 <br />3.30 <br />3430 <br />3.30 <br />3.30 <br />delivery. <br />1968 $10,000 '3 19 75 $20,000 3.20 <br />1969 10,000 3 . 1976 20,000 3.20 <br />19 70 10,000 3 1977 20,000 3.20 <br />19 71 10,000 3 . 1978 30,000 3.20 <br />19 72 10,000 3 1979 30,000 3.20 <br />1973 20,000 3 b9 80 30,000 3425 <br />19 74 20,000 3 19 81 30,000 3.25 <br />1982 30 $000 3.25 <br />Plus interest accrued from September 1, 1965, to the date of delivery. <br />Net Interest Cost - $113,677.50 <br />Average Net Interest Rate - 34247928 per cent per annum <br />1968 $10,000 3 1975 $20,000 <br />1969 10,000 3 19 76 20,000 <br />1970 10,000 3 1977 20,000 <br />19 71 10,000 3 1978 30,000 <br />19 72 LO ,000 3 19 79 30,000 <br />1973 20,000 3 19 80 30,000 <br />1982 30,000 <br />19 74 20,000 3.20 1981 30,000 <br />Plus interest accrued from September 1, 1965, to the date <br />Net Interest Cost - $115,494.00 <br />Average Net Interest Rate - 3.2998 per cent per annum <br />1968 $10,000 3 1975 $20,000 <br />1969 10,000 3 1976 20,000 <br />1970 10,000 3 1977 20,000 <br />1971 10,000 3 1978 30,000 <br />1972 LO ,000 3 19 79 30,000 <br />1973 20,000 3 L980 30,000 <br />1974 20,000 3 19 81 30,000 <br />1.9 82 30,000 <br />Plus interest accrued from September 1, 1965, to the date <br />Net Interest Cost - $115,655.00 <br />Average Net Interest Rate - 3.3044 per cent per annum <br />3.20 <br />3.20 <br />3.20 <br />3.20 <br />3.20 <br />3.30 <br />3.30 <br />3.30 <br />of delivery. <br />3 <br />3.20 <br />3.20 <br />3.20 <br />3.30 <br />3.30 <br />3.30 <br />3.30 <br />of delivery.