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HomeMy WebLinkAbout19451227_SPECIALI '. 119 i>:oo-i?ian to appropriate for construction af the village hall the amount sf liioney which has been levied for Ghai; purpose mas nade by Utley, seconded by Vyatt and carried. \ Cotion to d.irect the village engineer to prepare plans and specifications Par construction of a storm sewe~ in $he vicinity of PiftieQIi Street and indianola Avenue was made by :Tillson, seconded by Hawthorne and carried. Eotiion to adjourn was mde by Tiillson, s 1 Pwcsuaat to due call and notice thereof, a Special itieeting of the Village Cfouncil of the Village of Edina, vas duly held at the Village Hall in said Village, on the 27th day of December, 1945, 8% 7:3Q orclock P.U. Bennepin Count-y, Einnesata, The following memSse;rs wzre present: U%ley, WilXson, EavJthorTre, Todd; md the fallowing was absent: 17yafi-t. The Presiden'c announced %ha% the meeting was open for the consideratian of bids far the puxckiase af $21,000 Set'rer Disepiet &o. 12 Varrants, as advertised Tor sale by the Village Clerk in accordance aith a reso- lutian adoptedl by the Village Cauncil on December 10, 1945. The Clerk presented an affidavif; shoving publication of notice of sale ~ of said bonds €ma weeks in the official newspaper, which was exmined and found satisfactory, and ordered placed on file. The President then called for bids. TITO sealed bids were received and the highesfi and, hest bid of each bidder 'cvas found 80 be as follovs: I iTme of Bidder Earold E. Wood eC CORIP~EY, St.Pau1 Amount of Bid $21,0043, plus accrued in%erest from da-ke- of avarranCs Eo dlalie of delivery OH or before 1/27/46, Interest Rate - 3&%. t . Piper, Jaffray & Hop~,rood $$219000, plus a premium of $75.00, P~~s~~sc9rne~eiat~$est Go date on iyhich delivery is accepted. Interest Rate - z-:$ Af'S;er eo nsfderatian af said bZd, Clerk Hawthorne introduced the {fallowing Resolu%iQn and moved its adoptiano \ E3 IT RESOLVB.3 by the Villsge Council al" the Village of Etdina, Uinnesota, that the bid af Piper, Saffray .?e Eopmood, Xinneapolis, Einnesota, to pmchase $21,080 Sener Distric-k KO. 12 Vwrants in accordance aith the resolution adopted December 10, 1945, and the no-iiice of sale, is hereby accepted, said bid being 80 purchse said obligations bearing interest st the rate af 2$% per. amtam at a price of @i90?5.00.. The maLion for the adoption af the foregoing resolti-bi'on Was duly seconded by Trustee Utleg, and upon vote beivrg taken Ghereon -%he ' following voted in Pavor thereof: Utley, Tillson, Havthorae and Todd; ad the f ol1or;ring voted against the same: (nonaays 1 whereupon said resoltitiin was declared duly passed and adopted. I President of the Council, Clerk'Hawthorne introduced the following resolution and moved its adoption : -%SOLUTION FIXING POFQI OF SBVER FrnANT SEf7ER DISTRICT EO. 12 . -BE IT RESOLVED by the Village Council of the Tillage of Edina, Hennepin County, Einnesota, as f olloas : warrants on account of Sewer District Eo, 12 in the amount of $21,000, said warrants to be 21 in number and numbered from I to 21, both inclusive; all of said vlarrants being in the denomination of $1000, bearing interest at the rate of 23 per cent per annum, payable semi- annually on January 1st and July 1st in accordance wi3h appropriate inkerest coupons to be thereto attached, and to mature seriallj? as follows: $1000 on July 1, 1941 and $1000 on January 1 and July f ' in each of the years 1948 to 1956, both inclusive, and $2000 on January 1, 1957, said warrants maturing in 1957, being subject to redemption on any interest payment date, ~ 1, The Village shall issue its negotiable coupon secer I 2. Both principal of and interest on said aarrants shall be payable at Northivestern National Bank of Einneapolis and said marrant's and the coupons thereto attached shall be in substantially the follow- ing for?: (Born of Warrant) UNITED STATE OF AMERICA STATE OF HIrnESOTA COUNTY OF HIlXNEPIN VILLAGE OF EDINA Sl3VER DISTRICT NO. 12 VARRANT No $loo0 I The Treasurer of the Village of Edina, Hennepin County, Yinnesota, ;-.-ill pay to the bearer hereof from Sewer District Eo. 12 Bund of said Village the sum of ONE THOUSMID DOLLARS in Any coirt. or currency of the United States of America, which on the date or" payment is legal tender for public and private debts on the 1st day of January, 19 , and to pay interest thereon at the rate of 2& per cent per annum, payable semiannually on the 1st day of Jan- uary and the 1st day of July in each year, interest to maturity . being payable in accordance with and upon presentation and sur- render of the attached interest coupons as they severally become due, both priocipal and interest being payable at the main office of Northmestern National Bank of Hinneapolis.in the City of Einneapolis, Xinnesota. This Earrant is one of a series of varrants all of like date and tenor except as to maturity and privilege of redemption, in the - aggregate principal amount of $21,000 issued by the Village pursuant to-and in full conformity oith the constitution and lacs of the State of qinnesota thereunto enabling, including Chapter 431, Einnesota Statutes 1941 and acts amendatory thereof and supplemental thereto €or the purpose of defraying the expense incurred and to be incurred in laying sewers in said District and in anticipation of the collect- ion of special assessments levied against the benefited property in said District and is payable out of a fund designated as Bund of Sever District Bo. 12, into T:hich fund all proceeds of said assess- =' nent are required to be paid. .c (To Be Printed on Warrants No. 21 and 20) This %arrant is subject to redemptiorr bn any interest ray- ment date at par and accrued interest upon thirty-days prior notjce. by mail to the 'bank where this Varrant is payable. It is hereby certified and recited that all acts, conditions and things required by the constitution and lams or" the State of Einn- esota, to be done, to happen, and to be performed precedent to and in the issuance of this warrant, have been done, have happened and have been performed in regular and due form, time and manner as required by lam and that this.viarrant, together with all other indebtedness of 128 said Village outstanding on the date named herein and on the date of the actual issuance and delivery hereof, does not erceed any statutory or consti%utional limitation of indebtedness. Btlinnesota, by its Village Council has caused this warrant to be signed by the President of the Village Council and countersigned by the Village Clerk and sealed with the seal of said Village, and the interest coupons hereto attached to be executed and authenticated by i . IE WITNESS YtEiiKREOF the Village of Edina, Hennepin County, , the facsimile signatures of said officers, as of January 1, 1946. President of Village Council om of Coupon) No On the first day of January (July) 19 , the Village of Edina, Hennepin County, DtlBinnesota, ail1 xjay to bearer at Dollars ($ 1, being the installment of interest then due on its Sewer District Bo. 12 Tarrant dated January 1, 1946, Eo, . the sum of .. President of Village Council Village Clerk 3. Said warrants shall. be printed under the direction of the Village Clerk and the President of the Village Council and Villsge Clerk are hereby authorized and directed to execute said warrants and to affix the village seal, and the interest coupons to be attached thereto shall be executed and authenticated by the officers. ' printed, engraved or 1.ithographed facsimile signatures \ of said 4. When said warrants have been fully executed as re- quired by lam and by this resolution they shall be delivered to the purchaser thereof upon receipt of the purchase price and said pur- chaser shall not be obliged to see to the.application of said pur- chase price. 0 5. Said warrants shall be payable solely from money . collected from special assessments, 2nd the full faith 2nd credit of the Tillage shall not be pledged to the payment of said warrants and interest thereon I-, 8s and when the same shall become due, but the Treasurer is authorized and directed to cause said warrants and the interest thereon to be paid out of any moneys of the Village available therefor. Attest t I 'Village Clerk president of Village Council The motion for the adoption of the foregoing resol- ution vias duly seconded by Trustee Utley, and on rollcall there were four ayes and the folloming voted against the same: (no nays)( whereupon &id resolution mas declared duly gassed 3nd adopted. (SEAL 1 - -Pr e si d ent '5 I32 I Xinukes of regular 2nd special council meetings held on October 29th, November 9th, 12th, 23rd, 26th and December 5th were read and approved. .- Ilkion to authorize and direct the village manager to order ajnen motor ihstalled in the gray police car was made by Rawthorne, seconded by Utley and carried. Hotion to aithorize the village manager to issue utility pole and gas main installation permits in conformity with village ordinances was made by gillson, seconded by Nawthorne and carried. Utley offered the folloning resolu.tion and moved its aaoption: I i?&so&mD, that the Village of Edina pvrchse ()50,000 in Unfted Skates Treasury 2$-- Bmds as an investment of Village funds, $25,000 iio be of the issue maturirg June 15, 1962i’ callable in. 1959, and 325,000 to be of the issue maturing December 15, 1962$ callable in 1359. IC3SOLTTD FmT€m, khzt. such investment shall be allocated to * the falloaing funds : General Ftarrd 4j30,OOO .QO Poor, Fund 5,000.00 T,?atier zain inpoveruat $1 Fund 5,0000 00 Joint Sever Disk-rict 91- Fund 5,000000 Sever Xental Fund 5,0000 013 ? Lation to adopt the Resolu-kion vas seconded by Eavthorne and on . rollcall there vere four ayes md no nczys, ’its follom: Ut-leg, aye; Tillson, aye; Ez.rrthorne, aye; Todd, ape; ad the Resolutior, wa,~ adopted, . PresTdenii of Council. Cotion to adjorari mas made by Tillson, seconded by HavtkLorne and carried. flm*/= / ClGrk”