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MINUTES OF THE mGULAR MEETING-OF THE <br />EDINA VILLAGE COUNCIL HELD AT VILLAGE HALL ON <br />- ,. MONDAY, NOVEMBER 20, 1967 <br />Members answering rollcall were Trustees Courtney, MacMillan and VanValkenburg who <br />1 served as Mayor Pro Tem in the,absence-of-Mayor Bredesen. <br />MINUTES of the Meeting of November 6, 1967, were approved as submitted by motion of <br />Trustee MacMillan seconded by Trustee Courtney and carried. - <br />LOUKAS M. ANGELUS RECOGNIZED. .Mr. Loukas M. Angelus of the Assessor's office was <br />presented an award designating him as a Certified Minnesota Assessor and also a cert- <br />ificate from the Minnesota Institute of Real Estate Apprsisers for completion of the <br />Institute's Course, Real Estate Appraisal I at the University of Missouri. Mr. Hyde <br />commended Mr. Angelus and pointed out that he is one of the few Assessors in the state <br />who has completed the course and is making a special effort to assess Village proper- <br />ties on a scientific basis. <br />BIDS AWARDED FOR IMPROVEMENT BONDS. <br />lication in the Commercial West and in the official newspaper of a notice of sale of <br />$2,000,000 Improvement Bonds of the Village, for which bids were to be received at <br />this meeting in accordance with a resolution adopted by the Village Council on Oct- <br />ober 16, 1967, which were approved and ordered placed on file. At this time Mayor <br />Bredesen entered the meeting. <br />ed which were thereupon opened and read, and the highest and best bid of each bidder <br />was found to be as follows: <br />The Village Manager presented affidavits of pub- <br />The Village Clerk announced that bids had been receiv- <br />Name of Bidder Maturity Dates Interest Rate Av. Int. Rate Premium <br />First Natl. Bank of St. Paul ) 1970-74 incl. 4.00 4.24400 None <br />Dain, Kalman &.Quail, Inc. ) 1975-76 incl. 4.10 <br />LaSalle National Bank ) 1977-79 incl, 4.20 <br />Northaesfern National Bank 1 <br />Piper, 'Jaffrey & Hopwood ) <br />Caldwell Phillips , Inc. ) <br />First Edina National Bank ) <br />1st S'Dale Natl. Bank of Edina)+ <br />Hartford Natl. Bank'& Trust Co.) 1970-71 incl. 4.00 <br />Paine, Webber, Jackson & Curtis) 1972 4.10 <br />Shearson, Hammill & Co.,'Inc. ) 1973-75 incl. 4.20 <br />Stern Brothers & Co. ) 1976-77 incl. 4.25 <br />Barcus, Kindred & Co., Inc. ) 1978-79 incl. 4.30 <br />Juran &Moody, Inc. 1 <br />Ball, Burge & Kruse 1 <br />E. J. Prescott & Co. . 1 <br />McDougal & Condon, Inc, ) <br />Channer Newman Securities Co. ) <br />4.3680 <br />Continental Illinois Natl.,Bank) 1970 5.00 4.39091 <br />White Weld & Co. ) 1972-73 incl. 4.10 <br />Hornblower & Weeks-Hemphill , ) 1974-75 incl. 4.20 <br />Noyes ) 1976-77 incl. 4.25 <br />& Trust Co. of Chicago ) 1971 4-3/8 <br />Carlton D. Beh Co. ) 1978-79 incl. 4.30 <br />Ebin, Robertson & Co., Inc. <br />Reynolds & Co. , <br />Loewi & Co., Inc. , Milyaukee <br />McDonald & Co., Cleveland <br />E. F. Hutton & Co., Inc., <br />Hutchinson, Shockey, Erley & <br />Chicago <br />Co., Chicago <br />) 1970 4.00 <br />) 1971-73 incl. 4.10 <br />.) 1974-76 incl. 4.20 <br />) 1977 4.25 <br />) 1978-79 incl. 4.30 <br />1 <br />W. H. Morton & Company ) 1970-71 incl. 6.00 <br />1972 4.20 <br />1973 4.25 <br />1974-75 incl. 4.30 <br />1976-79 4.40 <br />-5 <br />4.4049 <br />None <br />$196.60 <br />None <br />4.. 49 7 33 $1,000.00 <br />After consideration of the foregoing bids , Councilman MacMillan introduced the following <br />resolution and.moved its adoption: <br />RESOLUTION AWARDING SALE OF <br />$2,000,000 IMPROVEMENT BONDS <br />BE 'IT RESOLVED by the Village Council of the Village of Edina, Minnesota, that the <br />bid of the First National Bank of St. Paul, Minnesota, and associates, to purchase <br />-$2,000,000 Improvement Bonds of the Village to be dated as of December 1, 1967, in