HomeMy WebLinkAbout19631104_regular228 10/21/63
the Post Office already lists "Nine Mile Creek Circle" and"Nine Mile Creek Parkway"
in the metropolitan area; that it is doubtful that a like name would be approved.
Nr. Hite suggested that a name must be found for the street because it will no
longer be "Highway No.- 169" when No. 169 is re-routed along the Crosstown Highway.
Ilkager and Planning Director directed to names for road and report back to Council.
TRE;ASURER'S REPORT, showing Funds Cash Balances as at August 31, was presented,
reviewed and ordered placed on file.
CLAIMS PAID.
dated October 21, 1963, was seconded by MacMillan and carried:
and Swim Pool Fund, $69,795.28; Water Fund, $24,135.70; Liquor Fund, $61,075.96; Sewer
Rental Fund, $503.56; Improvement Funds, $230.43--TOTAL, $471,028.83.
There being'no further business to come before this meeting, Maci4illan moved for
adjournment.
Tupa's motion, for payment of the following Claims as.per Pre-List
General Fund, $129,974. 26 ; Construction Fund, $185,313.64; Park, Park Construction
I
Motion seconded by Rixe and carri
MINUTES OF THE REGULAR MEETING OF THE
EDINA VILLAGE COUNCIL, HELD MONDAY;
NOVEHBER 4, 1963, AT 7:OO P.M., AT THE
EDINA VILLAGE HALL.
Members answering Rollcall were MacMillan, Rixe, Tupa, VanValkenburg and Bredesen.
14INUTES of the Regular Meeting of October 21, 1963, were approved as submitted, by
Notion VanValkenburg, Seconded by PiacMillan and carried.
$2,625,000.00 GENERAL OBLIGATION BONDS' SOLD TO FIRST NATIONAL BANK, bSINNEAPOLIS, AND
ASSOCIATES. The Village Clerk presented affidavits of publication of notice of sale
of $1,400,000 Improvement Bonds of 1963 proposed to be issued for the financing of
various water main, sanitary and storm sewer and street improvement and for the
retirement of the Temporary Improvement Bonds, dated September 13, 1963, said affi-
davits also showed publication of the notice of sale of $400,000 Waterworks Bonds of
1963 and $825,000 Golf Course Bonds of 1963, all in accord with the resolution adopted
by the Council on September 9, 1963. Said affidavits were examined and found satis-
factory and directed to be placed on file in the office of the Clerk.
The Village Clerk reported that five sealed bids had been received in her office
prior to the time of this meeting, which bids were thereupon opened and publicly read
and considered and were found to be as follows:
I
Name of Bidder
Iialsey, Stuart E Co., Inc. 1
Kidders Peabody E Co; 1
R.W. Pressprich E Co. 1
Goodbody & Co. 1
A.G.Becker & Co., Incorporated )
Walston E Co., Inc.
Barret, Fitch, North & Co., Inc,)
blullaney, Hells E Company
The White-Bhillips Company, Inc.)
Kalman & Company, Eianager 1
Barcus, Kindred & Company 1
Juran & Moody, Inc. )
American National Bank ,St .Paul )
Hartford National Bank E Trust, ) . Hartford, Conn.
Paine, Nebber, Jackson & Curtis )
E. J. Prescott & Company 1
Channer'Newman Securities 1
I
F. S. Smithers & Co., New York, )
New York )
Maturity Dates Interest -Rate Premium
(December 1)
1965-1968, Incl. 2.80%
1969-1973, Incl. 3 .lo%
1974 3.20%
1975 and 1976 3.30%
1977-1980, Incl. 3.40%
1981-1985, Incl. 3.50%
1986 and 1987 3.60%
Plus Additional Coupon on All Bonds
at 2.40% from 12/1/63-6/1/64
Net Effective Int. Rate - 3.3893%
1965-1967, Incl. 2 . 50%.
1973 and 1974 3 .lo%
1975-1978, Incl. 3 . 30%
1979-1984, Incl. 3.40%
1985-1987, Incl. 3 . 50%
Plus Additional Coupon on All Bonds
at 2.50% from 12/10/63-6/1/64
Net Effective Int. Rate - 3.29419%
1968-1972, Incl. 2 . 90%
$681.50
None
1965-1970, Incl. 3.00%
1971-1977, Incl. 3.25% $4,961.25
1978-1982, Incl. 3.50%
3983-1987, Incl. 3.60% .
Plus Additional Coupon on All Bonds
at 2.00% from 1/1/64-6/1/64.
Net Effective Int. Rate - 3.3979%
11/4/63 Interest Rate Premi gE29 m Name of Bidder Naturity Dates
./ 1969-1971, Incl. 3 . 00% 3
Continental Illinois National Bank) (December 1)
and Trust Company of Chicago ) 1965-1968 , Incl. 2 . 80%
Hornblower E Weeks 1. 1972 and 1973 3.10%
Bathe E Co. 1974 and 1975 3 . 20% $826.88
Ira Haupt E Co. 1 1976 and 1977 3.30%
Reinholdt E Gardner 1978-1982, Incl. 3 . 40%
Carleton D. Beh Co. 1 1983-1987, Incl. 3.50%
White, Weld E Co, 1
Plus Additional Coupon on All Bonds
at l.LO% from 1/1/64-12/1/64
Net Effective Int. Rate - 3.33342%
First National Bank, Mpls., Manager) 1965-1967, Incl. 2.50%
Allison-Williams Co., Mpls. ) 1968-1970, Incl. 2 . 80%
Blyth E Co., Inca , Mpls. ) 1971-1974, Incl. 3.00%
J.M. Dain E Co., Mpls. ) 1975-1977, Incl. 3 , 20% None
Francis I. Dupont E Co., Mpls. ) 1978-1980, Incl. 3 , 30%
First National Bank, St, Paul ) 1981-1984, Incl. 3.40%
Northwestern National Bank, Mpls. ) 1985-1987, Incl. 3.50%
Piper, Jaffray E Hopwood, Mpls,
Woodard-Elwood E CO., Mpls.
Caldwell Phillips Co., St.Pau1
First ' National Bank, Edina
First Southdale National Bank,Edina)
)Plus Additional Coupon on All Bonds
)at 2.00% from 3/1/64-12/1/64
)Net Effective Intr Rate - 3.28772%
Shaughnessy E Co., St.Pau1 1
, Trustee VanValkenburg introduced the following resolution and moved its adoption:
RESOLUTION AWARDING SALE OF $1,400,000
IMPROVEMENT BONDS OF 1963, $400,000 WATERWORKS BONDS OF 1963,
AND '$825,000 GOLF COURSE BONDS OF 1963
BE IT RESOLVED by the Village.Counci1 of the Village of Edina, Minnesota, that
in accordance with instructions of this Council, notice has been published of the sale of
$2,625,000 negotiable coupon general obligation bonds of the Village consisting of
$1,400,000 Improvement Bonds of 1963, $400,000 Waterworks Bonds of 1963 and $825,000
Golf Course Bonds of 1963, all to be dated December 1, 1963, and all bids received
pursuant to said notice of sale have been duly opened and considered and the highest
and best of such bids is hereby found and determined to be that of FIRST NATIONAL BANK
of the City of NINNEAPOLIS, MINNESOTA, and associates named therein, to purchase said
$2,625,000 bonds at a price of par and accrued interest, plus a premium of $-0-; the
respective issues to bear interest from date of issue until paid as follows:
$1,400,000 Improvement Bonds of 1963
Maturity Years Interest Rates
1965 through 196V
1968 through 1970
1971 through 1974
2 . 50%
2 . 80%
3 . 00%
and each and a11 of the bonds maturing in the years 1965 through 1974 to bear additional
interest at the rate of 2.00% per annum from March 1, 1964 to December 1, 1964, represented
by a separate set of coupons designated as rrBrl coupons.
$400,000 Waterworks Bonds of 1963
1966 through 1967 2.50%
1968 through 1970 . 2 . 80%
1971 through 1974 3.00%
1975 through 1977 3 . 20%
1978 through 1980 3 , 30%
and each and a11 of the bonds maturing in the years 1966,through 1980 bear additional
interest at the rate of 2.00% per annum from March 1, 19.64 to December 1, 1964, represented
by a separate set of coupons designated as rrBrr coupons.
$825,000 Golf Course Bonds of.1963
1966 through 1967 2 . 50%
1968 through 1970 2.80%
1971 through 1974 ,3.00%
1975 through 1977 . 3,20%
1978 through 1980 .3 . 30%
1981 through 1984 3 . 40%
1985 through 1987 3,50%
and each and all of the bonds matuping in the years 1966 through 1987 to bear additional
interest at the rate of 2.00% per annum from March 1, 1964 to December 1, 1964, represented
by a separate set of coupons designated as rrB1l coupons.
the acceptance of the Village upon duplicate copies of said proposal and to return a copy
thereof to said bidder and to file the original in the office of said Clerk.
faith check furnished by said successful bidder shall be retained by the Village Treasurer
pending delivery of the bonds and payment of the purchase price, and the checks of other
bidders shall be returned to them forthwith.
The Mayor and the Village Clerk are hereby authorized and directed to endorse
The good
230 11/4/63
..
The motion for the adoption of the foregoing resolution was duly seconded
by Trustee Tupa, and. on Rollcall there were five Ayes and no Nays, as follows:
MacMillan, aye; Rixe., aye; Tupa, aye; VanValk
the Resolution was declared duly passed and a
~
Trustee VanValkenburg then introduced the following Resolution and moved
its adoption:
RESOLUTION AUTHORIZING THE ISSUANCE OF
IMPROVEMENT BONDS OF 1963,PAYABLE FROM
THE IMPROVEMENT BOND REDEMPTION. FUND
BE IT RESOLVED by the Council of the Village of Edina, tIinnesota,'as follows:
1. By resolution adopted December 30, 1957, this Council created the
Temporary Improvement Fund of the Village of Edina. The only bonds now outstanding
which are payable from said fund are the Temporary Improvement Bonds, in the amount
of $1,000,000, dated September 13, 1963, bearing interest at the rate of 2% per annum,
maturing December 13, 1963, without option of prior payment;*which bonds were issued
pursuant to and in accordance with an authorizing resolution adopted September 9, 1963,
and were sold to and are now held by The American National Bank of Saint Paul, St.Pau1,
Minnesota, as set forth in said resolution. Said Temporary Improvement Bonds were
issued to pay a portion of the cost of various improvements, pending the levy and
collection of special assessments therefor and the issuance of definitive bonds as
herein provided. It is hereby determined that said Temporary Improvement Bonds shall
be retired by the issuance of a like amount of definitive improvement bonds pursuant
to Minnesota Statutes 1961, Section 429.091, Subd. 3, and that the remaining cost
of said improvements and additional improvements listed herein shall also be paid
by the issuance of definitive improvement bonds,
,
i
2. The Village has ordered, in accordance with the provisions of Minnesota
Statutes, Chapter 429, and after public hearing as required by law, the construction of
various improvements as more fully described below, including improvements temporarily
financed as recited above, and has duly ordered, received and approved plans and speci-
fications and entered into contracts for the construction of said improvements after
proper advertisement for bids. The total benefits resulting from each of said improve-
ments to the properties within the area proposed to be assessed therefor, as hereto-
fore defined, will be not less than the cost of such improvements.
that the total amount of such cost, less such sum, if any, not exceeding 80% of such
cost, as the Council shall determine should be paid by the Village, will be assessed
against those lots and tracts specially benefited by said improvements.
ments will be made payable in ten equal annual installments, except that the assess-
ments for blacktopping improvements will be payable in five installments and those
for paving will be payable in fifteen installments, together with interest at the
rate of five per cent per annum on the balance of the assessments remaining unpaid
from time to time; will be spread upon the tax rolls of the Village commencing in
1964, and will be collected in 1965 and succeeding years.
easements and rights-of-way over all streets and other property required for the
construction of each of said improvements.
ments and the estimate of cost thereof are as follows:
I It is contemplated
Such assess-
The Village now owns
The designation of each of said improve-
I MF' ROVE lGNT S
Storm Sewer Improvement No. 63
Storm Sewers
' Storm Sewer Improvement No. 64
Storm Sewer Improvement No. -76
Storm Sewer Improvement No. 77 - Sanitary Sewers
Sanitary Sewer Improvement No. 182
Sanitary Sewer Improvement 110. 190
Sanitary Sewer Improvement No. 199
Sanitary Sewer Improvement No. 201
Sanitary Sewer Improvement No. 202
Sanitary Sewer Improvement No. 203
Sanitary Sewer Improvement No. 204
Sanitary Sewer Improvement No. 205
Sanitary Sewer Improvement No. 206
Sanitary Sewer Improvement No. 207
Street Improvement No. A-154
Street Improvement No. A-155
Streef Improvement No. E-10
Street Improvement No. E-18
Street Improvement No. BA-55
Street Improvement No. BA-56
Street Improvements
ESTIMATED TOTAL COST.
$ 1,509.69
8,762.70
9,035 e48
5,712.35
$ 42,305.39
133,867.82
2,817 . 66
8,503.25
3,082.04
147,621.49
42,198 . 22
4,195.63
1,79 8 71
52,132 .91
6,106 63
52,351.77
81,384 . 17
288,716.75
22,157.04
80,&15.47
$25,020 . 22
$438,523.12
$531,331,83
11/4/63 238 Watermain Improvements
Watermain Improvement No. 168
, Watermain Improvement No. 169
Watermain Improvement No. 170
Watermain Improvement No. 171
*Watermain Improvement No. 172
Watermain Improvement No. 174
Watermain Improvement No. 175
Watermain Improvement No. 176
65,867.81
21,387.51
52,996.68
311,257.99
174,758.23
30 , 222 0 19
99880.27
36,448 094
TOTAL
$502,819 . 62
$1,497,694.79
3. The Village Treasurer is hereby authorized and directed to pay all
interest accrued on the Temporary Improvement Bonds, as of December 13, 1963, and to
pay and retire the principal amount of said bonds, all out of the proceeds of the
definitive Improvement Bonds of 1963 herein authorized, and to cancel said temporary
bonds.
respect to the improvements listed in paragraph 2 hereof, shall be credited to the
respective improvement funds heretofore created for said improvements until the cost
of each of the improvements, as set forth in paragraph 2, shall have been fully paid.
Out'of the proceeds of sale of the definitive bonds herein authorized there shall
also be credited to said improyement funds amounts equal to the cost of the respective
improvements as listed in paragraph 2.
to pay the costs and expenses of the making thereof, as such expenses are incurred and
allowed, provided that (1) there shall be transferred from the fund of each improvement
to the Improvement Bond Redemption Fund created by Ordinance No. 14 of the Village,
dated August 31, 1955, an amount equal to interest, if any, computed at 5% per annum
on the cost of such improvement from the date of issue of the definitive bonds herein
authorized to the date upon which the assessment roll for such improvement,shall be
finally confirmed, and (2) upon completion of each of said improvements any unexpended
portion of the bond proceeds still held in the fund thereof may be transferred to the
fund of any other improvement listed in paragraph 2, or may, if directed by the Council,
be transferred to the fund of any other improvement to be financed by the issuance of
bonds under Minnesota Statutes, Chapter 429, and (3) upon completion of all of said
improvements, any unexpended balance remaining in the funds thereof, and all subse-
quent collections of special assessments and taxes, if any, levied with respect to
said improvements, shall be and are hereby appropEiated to the Improvement Bond
Redemption Fund.
The special assessments, and taxes if any, levied and to be levied with
The fund of each improvement shall be used solely
4. As to those improvements described in this resolution, the cost of which
has not heretofore been assessed, the Village hereby covenants and agrees that it will
do and perform, upon the completion thereof, all acts and things necessary for the
final and valid levy of special assessments upon properties within the areas hereto-
fore designated to be assessed for such improvements, in an aggregate amount equal to
the total cost of such improvements as the same shall finally be ascertained, less
such sum, if any, not exceeding 80% of such cost, as the Council shall determine
should be paid by the Village.
improvements described in this resolution shall be at any time held invalid in respect
to any lot or tract of land, due to any error, defect or irregularity in any action or
proceeding taken or to be taken by the Village or this Council or any of the Village's
officers or employees, in the making of such assessment or in the performance of any
condition precedent thereto, the Village also covenants and agrees that it will
forthwith do all such further acts and take a11 such further proceedings as shall be
required by law to make such assessment a valid and binding lien upon said property.
In the event that any assessment €or any of the
5. For the purpose of providing funds to pay and retire said Temporary
Improvement Bonds, and for the purpose of paying cost of the improvements described
in paragraph 2, in anticipation of the collection of special assessments levied
therefor, the Village has authorized and contracted for the sale of definitive
Improvement Bonds in the amount of $1,400,000, subject to further terms and conditions
as hereinafter stated.
hereby irrevocably pledged for the prompt and full payment of the pFincipa1 of and
interest on said bonds. Said bonds shall be primarily payable from the Improvement
Bond Redemption Fund created by Ordinance No. 14, on a parity with improvement bonds
heretofore issued pursuant to said ordinance, but if the moneys in said fund should
at any time be insufficient to pay all principal and interest due on such bonds,
moneys to restore such deficiency in the manner set forth in said ordinance.
special assessments and taxes heretofore levied and appropriated to the Improvement
Bond Redemption Fund, together with the cash balance now on hand in said fund, are
estimated to be collectible in the years required and in amounts sufficient to produce
sums very substantially more than 5% in excess of the annual amounts of principal and
interest to become due on all Improvement Bonds payable from said fund, including the
issue herein authorized.
the payment of principal and interest on this issue, under the provisions of
Minnesota Statutes 1961, Section 475.61.
expressly recognized and affirmed, to levy a tax upon all taxable property within
its corporate limits, without limitation as to rate or amount, if found necessary for
the payment of such principal or interest.
The full faith and credit of the Village shall be and are
'including this issue, the Village covenants and agrees that it will provide sufficient
The
Accordingly, no tax is presently required to be levied for
However, the obligation of the Village is
11/4/63
6. The definitive Improvement Bonds to be 2 3.2
of sale heretofore entered into-by The Village shall
form, designated as "Improvement Bonds of 1963", and
Said bonds shall be280 in number and numbered from 1
denomination of $5,000, and shall mature serially in
issued pursuant to the contract '
be issued in negotiable coupon
dated as of December 1, 1963.
to 280, inclusive, each in the
the, amount of $140,000 on
December 1 in each of the years 1965 through 1974, all without option of prior
payment.
interest at the respective annual rates set forth opposite said maturity years, from
date of issue until paid:
The bonds of said issue maturing in the years set forth below shall bear
Haturity Years Serial Numbers Interest Rates
1965 1 through 28 2 , 50%
1966 29 through 56 2.50%
1967 57 through 84 2.50%
1968 85 through 112 2 . 80%
1969 113 through 140 2.80%
1970 141 through 168 2.80%
1971 169 through 196 3.00% .
1972 197 through 224 3.00%
19 73 225 through 252 3.00%
1974 253 through 280 3.00%
Each and all of said bonds shall bear additional interest, represented by a sepaEate
set of "Brt coupons, at the rate of 2.00% per annum from March 1, 1964 to December 1,
1964.
in each year, commencing June 1, 1964.
First First National Bank of Minneapolis, Minnesota, and the Village hereby agrees to
pay the reasonable and customary charges of said paying agent for the receipt and
disbursement thereof.
The interest on the bonds shall be payable semiannually on June 1 and December 1
Both principal and interest shall be payable at
7. Said improvement bonds and the interest coupons appurtenant thereto
shall be in substantially the following form:
UNITED STATES OF AERICA
STATE OF MINNESOTA
COUNTY OF HENNEPIN
VILLAGE OF EDINA
IIllPROVEMENT BOND OF 1963
No . .$
KNOW ALL LEN BY THESE PRESENTS that the Village of Edina, a duly organized
and existing municipal corporation of the County of Hennepin, State of Minnesota,
acknowledges itself to be indebted and for value received promises to pay to bearer
the sum of
option of pFior payment, and to pay interest thereon at the rate of
until said principal sum be paid, plus additional interest at the rate of
THOUSAND DOLLARS on the 1st day of December, 19 -, without
per cent ( %).per annum from the date hereof
%) per annum from per cent (
¶ 19 - to 9 19-9
such interest being payable semiannually on June 3 and December 1 of each year, commencing
June 1, 1964, and interest to maturity being represented by and payable in accordance with
and upon presentation and surrender of the interest coupons appurtenanthgbeto, which are
in.two sets, one representing interest at the basic rate above set forth from date of
issue to the maturity hereof and the other set, designated as (a) rlB1r coupon(s),
representing interest at the additional rate for the period above set forth.
principal and interest are payable at
Both
in 9 , in any coin or currency of the United States of
Americarlwhich on the respective dates of payment is legal tender for public and private
debts.
respectively become due the full faith, credit and taxing powers of the Village are
hereby irrevocably pledged.
For the prompt and full payment of such principal and interest as the same
I This bond is one of an issue in the aggregate principal amount of $1,400,000,
all of like date and tenor except as to serial number, interest rate and maturity, all
issued €or the purpose of refunding temporary improvement bonds of said Village and
defraying expenses incurred and to be incurred in constructing necessary local improve-
ments heretofore duly ordered and contracted to be made in accordance with the provisions
of lqinnesota Statutes, Chapter 429, and is issued pursuant to and in full conformity with .
the Constitution and laws of the State of LNinnesota thereunto enabling, and pursuant to
resolutions duly adopted by the Village Council,
the Improvement Bond Redemption Fund of said Village,
irrevocably appropriated taxes and special assessments levied and to be levied for the
payment of the cost of local improvements financed by this and other issues of bonds, but
the Council is required to pay the principal of and interest on all such bonds out of.
any fund of the Village if the taxes and assessments collected at any time should be
insufficient to meet the same.
'
This bond is payable primarily from
to which fund there have been
233 11/4/63
IT.IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts,
conditions and things required by the Constitution and laws of the State of Minnesota
to be done, to exist, to happen and to be performed preliminary to and in the issuance
of this band in order to make it a valid and binding general obligation of said Village
according to its terms have been done, do exist, have happened and have been performed
as so required; that the estimated collections of said taxes and special assessments
will produce, if collected in full, sums at least five per cent (5%) in excess of the
amounts needed to meet when due the principal and interest payments on all bonds pay-
able from the Improvement Bond Redemption Fund; that additional ad valorem taxes, if
needed for the payment of such principal and interest, may be levied upon all taxable
property in the Village without limitation as to rate or amount; and that the issuance
of this bond did not cause the indebtedness of said Village to exceed any constitutional
or statutory limitation.
Village Council, has caused this bond to be executed in its behalf by the facsimile
signature of its Mayor and the manual signature of the Village Manager, and sealed
with its official seal, and has caused &he interest coupons appurtenant hereto and the
certificate appearing on the reverse side hereof to be executed and authenticated by ,
the facsimile signature of its Mayor and the manual signature of the Village Manager,
and sealed with its official seal, and has caused the reverse side hereof to be
executed and authenticated by the facsimile signature of said officers, and has caused
this bond to be dated as of December 1, 1963.
I11 'IJITiUESS WHEREOF the Village of Edina, Hennepin County, Minnesota, by its
(.Facsimile signature)
Mayor
Countersigned:
-
M w a Village Manager
4 SEAL)
(Form of Coupon)
NO e $
County, Itlinnesota, will pay to bearer at in 9
On the 1st day of June (December), 19 - , the Village of Edina, Henn epin
, the sum shown hereon in lawful money of the United States of
America for interest then due on its Improvement Bond of 1963, dated December 1,
1963, No.
(Facsimile signature)
Village Manager
(Facsimile signature)
Mayor
(Form of certificate to be printed on the
reverse side of each bond, following a full
copy of the legal opinion on the issue)
We certify that the above is a full, true and correct copy of the legal
opinion rendered by bond counsel on the issue of bonds of the Village of Edina which
includes the within bond, dated as of the date of delivery of and payment for the
bonds .
(Facsimile signature)
Village Manager
(Facsimile signature)
Mayor
8. Said bonds shall be prepared under the direction of the Village Clerk
and shall be executed on behalf of the Village by the facsimile signature of the
Mayor, countersigned by the manual signatuGe of the Village Manager, and the corporate
seal shall be affixed thereto, and thedinterest coupons shall be exeucted and
authenticated by the printed, engraved or lithographed facsimile signatures of said
Mayor and.Village Manager. When said bonds have been so executed and authenticated
B~-~ke-~e~~te~r-e~~ea~e~-e~-~~~ke~~a~~e~-€aes~m~~e-3~~~~~u~es-e€-sa~~-~a~e~-a~~
they shall be delivered by the Treasurer to the purchaser thereof,upon payment of the
purchase price heretofore agreed upon, and said purchaser shall/Bgtobliged to see to the
application of the purchase price.
9. The Village Clerk is hereby authorized and directed to transmit a
certified copy of this resolution to the County Auditor of Hennepin County for certi-
fication that the bonds herein authorized have been duly registered,
:234 11/4/63
10. The officers of the Village and the County Auditor of Hennepin County
c re hereby authorized and directed to prepare and furnish to the purchaser of said
bonds and to the attorneys approving the legality of tge issuance thereof certified copies
of all proceedings relating to said bonds, and to the financial affairs of the Village, and
relating to the legality and marketability of said bonds as the same appear from the books
and records under their custody and control or as otherwise known to them, and all such
certified copies, certificates and affidavits, including any heretofore furnished, shall
be deemed representations of the Village as to the $acts recited therein.
P such other affidavits, certificates and information as may be required to show the facts
The motion for the adoption of the foregoing resolution was duly seconded.by
Trustee Tupa, and on Rollcall there were five ayes nays, as follows : tlIacMillan,
aye; Rixe, aye; Tupa, aye; VanValkenburg, aye; and the resolution
Trustee VanValkenburg then introduced the following resolution and moved its
adoption :
A RESOLUTION FIXING THE FORM AND DETAILS OF
$400,000 WATERWORKS BONDS OF 1963 AND LEVYING
TAXES FOR TH€ PAYMENT THEREOF
BE IT RESOLVED by the Village Council of the Village of Edina, Hennepin
County, Flinnesota, as follows :
1. The Village has heretofore sold its negotiable coupon general obligation
bonds designated as "Waterworks Bonds of 1963 in the total principal amount of $400,000
to FIRST NATIONAL BANS of l4I"EAl?OLIS, MINNESOTA, as lowest and best bidder. The bonds
are being issued for the purpose of financing the construction of four wells, including
pumps, feeder mains, and iron removal plants, all of which constitute improvements of
and for the municipal water system,
best interest of the Village forthwith to proceed with the issuance of said bonds.
It is hereby found and determined to.be in the
2. Said bonds shall be dated December 1, 1963, shall be 80 in number and
numbered from 1 to 80, inclusive, each in the denomination of $5,000, and shall mature
serially, lowest numbers first, without option of prior payment, on December 1 in the
amount of $10,000 in each of the years 1966 through 1970, in the amount of $20,,000 in
each of the years 1971 through 1975, and in the amount of $50,000 in each of the years
1976 through 1980.
numbers set forth below shall bear interest at the respective rates per annum set -
opposite said maturity years, from date of issue until paid:
The'bonds of said issue maturing in the years and bearing the serial
Maturity Years Seri83; No, Interest Rate
1966 1 and&;', : 3 2.50%
1967 ,3 andh& . :I 2.50%
1968 5 and 6 2 . so%
1969 7 and 8 2,ao%
19 70 9 and 10 2 . 80%
19 71 11 through 14 3.00%
1972 15 through 18 3,00%
19 73 19 through 26 3 -00%
1974 23 through 26 3.00%
1975 27 through 30 3 . 20%
19 76 31 through 90 3.20%
1977 Y1 through 50 3.20%
19 78 51 through 60 3.30%
1979 61 through 70 3 . 30%
1980 71 through 80 3 . 30%
Each and all of said bonds shall bear additional interest, to be represented by a
separate (set of) coupon(s) designated as (a) llBlt coupon(s), at the rate of 2.00%
per annum from March 1, 1964 to December 1, 1964.
be payable June 1, 1964, and semiannually therefter on June 1 and December 1 of each
year.
BANK in t41NNEAPOLIS, MINNESOTA, and the Village agrees to pay the reasonable. charges
of such paying agent.
3.
The interest on said bonds shall
The Principal of and interest on said bonds shall be payable at FIRST NATIONAL
Said bonds and the interest coupons to be thereto attached shall be
in substnatially the following form:
11/4/63 235
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF HENNEPIN
VILLAGE OF EDINA
WATERWORKS BOND OF 1963
i
NO ($1,000) ($5,000)
KNOW ALL MEN BY THESE PRESENTS that the iillage of Edina, Hennepin County,
Minnesota, acknowledges itself to be indebted and for value received promises to pay
to bearer the sum of
option of prior payment, and to pay interest thereon at the rate of
per cent (
plus additional interest, represented by a separate (set of) coupon(s) designated as
t'Btt coupon(s.), at the rate of %) per annum
from . , 196 to 196 such interest being
payable semiannually on the 1stTay of June and the 1st day, of D&nber in each year,
commencing June 1, 1964, and interest to maturity being payable in accordance with
and upon presentation and surrender of the interest coupons appurtenant hereto. Both
principal and interest are payable at
THOUSAND DOLLARS on the 1st day of December, 19 - , without
%) per annum from the date hereof until said principal sum is paid, -
per cent (
, in , in any coin or currency of the United States of
*America which on the date of payment is legal tender for public and private debts.
For the prompt and full payment of such principal and interest as the same respectively
become due, the full faith, credit and taxing powers of the Village have been
irrevocably pledged.
This bond is one of an issue of bonds in the aggregate principal amount of
$400,00, all of like date and tenor except as to serial number, interest rate and
maturity, issued by said Village for the purpose pf providing money for the improve-
ment of the municipal water system of the Village and is issued pursuant to resolutions
duly adopted by the Village Council, and pursuant to and in full conformity with the
Constitution and laws of the State of Minnesota thereunto enabling, including
Section 444.075, Minnesota Statutes, as amended,
IT'IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things
required by the Constitution and laws of the State of Minnesota to be done, to happen,
to exist and to be performed precedent to and in the issuance of this bond in order
to make it a valid and binding general obligation of the Village according to its terms
have been done, have happened, do exist, and have been performed in regular and due
form, time and manner as so required; that prior to the issuance hereof, the Village
has covenanted and agreed to impose and collect charges from the users of the
municipal water system according to schedules which will produce net revenues sufficient
to pay the interest hereon and the peincipal hereof as the same respectively become
due, and to create and maintain an additional reserve for such payments, and has
appropriated and pledged such net revenues to the sinking fund established for
payment of said bonds, provided that if such revenues should prove insufficient, the
Village will levy'ad-valorem-.taxes -uponiall th6 taxa&qmopek%y within the Village
without limitation as to rate or amount as necessary to make such payments; and that
this bond together with a11 other indebtedness of said Village outstanding on the date
hereof and on the date of its actual issuance and delivery, does not exceed any constitut-
ional or statutory limitation of indebtedness,
IN WITNESS WHEREOF, the Village of Edina, Hennepin County, Minnesota, by its
Village Council, has caused this bond to be executed in its behalf by the facsimile
signature of its Mayor and the manual signature of the Village Manager, and sealed
with its official seal, and has caused the interest coupons appurtenant hereto and
the certificate appearing on the reverse side hereof to be exenuted and authenticated
by the facsimile signatures of said officers, and has caused this bond to be dated as
of December 1, 1963,
(Facsimile signature)
Mayor
Countersigned :
Village Manager
( SEAL)
236 1 11/4/6 3
(Form of Coupon)
No. $
On the 1st day of June (December), 19 -' the Village of Edina, Hennepin
County, l.Iinnesota, will pay to bearer at . in .- . , the amount hereon in lawful money of the United
States of America, for the installment of interest then due on its Waterworks Bonds
0 - of 1963 dated December 1, 1963, No.
(Facsimile signature)
Village Manager
(Facsimile signature) .
. Mayor
(Form of certificate to be printed on the reverse
side of each bond, following a full;.copy of the
legal opinion on the issue).
We certify that the above is a full, true and correct copy of the legal
opinion .rendered by bond counsel on the issue of Waterworks Bonds of 1963 of the
Village of Edina, Hennepin County, Hinnesota, which includes the within bond, dated
as of the date of delivery of and payment for the bonds.
(Facsimile signature)
Village Manager
(Facsimile signature)
Mayor
4, Said bonds shall be prepared under the direction of the Village Clerk
and when so prepared shall be executed in behalf of the Village by the facsimile
signature of the Mayor and attested by the Village Manager and the corporate seal
of the Village shall be affixed thereto, and the appurtenant interest coupons and
the legal opinion certificate on the reverse side of the bonds shall be executed
and authenticated by the printed, engraved or lithographed
said Mayor and Village Manager, When said bonds have been
cated, the same shall be delivered by the Treasurer to the
receipt of the purchase price and said purchaser shall not
proper application thereof.
.
facsimile signatures of
so ercecuted and authenti-
purchaser thereof on
be required to see to the
!3* The Village has heretofore issued and now has outstanding Waterworks
Revenue Bonds of various series in the total principal amount of $433,000, issued
and secured as provided in the resolution dated February 23, 1953, entitled "Reso-
lution Providing for the Issuance of tlaterworks Revenue Bonds of 1953".
constitute a first and prior lien on the net revenues from time to time received from
the operation of the municipal waterworks system, in excess of the current costs of
the operation and maintenance thereof, which have been appropriated to the Sinking
and Interest Account of the Waterworks Fund in'the amounts from time to time required
&o pay principal and interest currently due on said bonds, and have been appropriated
to the Reserve Account of said fund in the amount necessary to maintain in that account
a balance at all times equal to the sum of the principal and interest payments due on
said 3onds during the ensuing twelve months.
Village has reserved the privilege of issuing additional bonds for the improvement of
the waterworks system, and of making the same payable from said net revenues under
certain conditions therein stated, The Waterworks Bonds of 1963 are authorized and
shall be issued and the proceeds thereof used solely for the purpose of financing the
construction of wells, including pumps, feeder mains and iron removal plants, which
constitute capital improvements to the waterworks system necessary for the adequate
service of the residents of the Village, and these bonds may therefor properly be
issued under the authority so reserved,
.
These bonds
In paragraph 5 of said resolution the
6. The conditions now exist, as prescribed in paragraph 5.8 of said reso-
lution dated February 23, 1953, for the issuance of the Waterworks Bonds of 1963 as a
first lien on the net revenues, payable from the Sinking and Interest Account on a
parity with said outstanding bonds, viz. ;
as definied in said resolution, for the period of twelve months prior to the date of
this resolution, have been substantially in excess of one and one-quarter times the
average of the annual amounts of principal and interest payable upon all of said out-
standing bonds plus the additional bonds now issued, computed for the remainder of the
terms of said outstanding bonds; the net revenues for each of the calendar years 1960
through 1962 having been in excess of $90,000, and the average annual principal and
interest requirements of the outstanding bonds and the Waterworks Bonds of 1963, prior
to the final maturity of the outstanding bonds in 1974, being in an amount not exceeding
$69,000. Accordingly, it is hereby determined, and the Village hereby covenants and .
agrees with the holders from time to time of each and aU of the Waterworks Bonds of .
1963, that said bonds and the interest thereon shall be payable from the Sinking and
Interest Account of the Waterworks Fund on a parity as to both principal and interes-t
with said outstanding bonds, without preference or priority of any bond over any other
bond except as specifically stated in said resollution of February 23, 1953; and that
until the full payment of said bonds and interest the Village will continue to maintain
The net revenues of the waterworks utility,
11/4/63
the Waterworks Fund and the separate accounts therein as provided in said resolutio
dated February 23, 1953, and will promptly and fully comply with each and all of the
covenants and agreements contained in said resolution, as fully as though said bonds
were specifically described and authorized therein.
5
7. Pursuant to the provisions of Minnesota Statutes Section 444.075, Sub.3,
as amended by Laws 1963, Chapter 696, the full faith, credit and taxing powers of the
Village are also irrevocably pledged for the prompt and full payment of the principal
and interest on the Waterworks Bonds of 1963 as such principal and interest.respectively
become due. There is now on hand in the Reserve Account of the Waterworks Fund a balance
of cash or investments not less than the sum of the principal and interest to become due
on all bonds payable from the Sinking and Interest Account, including the Waterworks
Bonds of 1963, to and including December 31, 1964; and the Village is required under
the covenants contained in said resolution dated February 23, 1953, to impose and
collect charges for water service at the times and in the amounts required to produce
net revenues adequate to apy all such principal and interest when due and to maintain
' said reserve.
and interest.
on hand in the Reserve Account should be less than the sum of such principal and
interest to become due in the ensuing calendar year, the Village covenants and agrees
that it will levy, in accordance with Minnesota Statutes, Section 475.61, upon a11
taxable property within its corporate limits and without limitation as to rate or
amount, a tax sufficient, with the balance then on hand and appropriated therefor, to
pay all such principal and interest.
Accordingly, no tax is presently levied for the payment of such principal
However, if on October 1 in 1964 or in any subsequent year, the balance
8. The Village Clerk is hereby authorized and directed to file with the
County Auditor of Hennepin County a certified copy of this resolution, together with,.
such other information as the County Auditor may require, andto obtain from said County
Auditor a certificate that the tax required by law for the payment of said bonds has
been levied, and that said bonds have been entered upon his bond register.
9, The officers of the Village and the County Auditor of Hennepin County
p are hereby authorized and directed to prepare and furnish to the purchaser of said bonds,
and to the attorneys approving the legality of the issuance thereof, certified copies of
all proceedings and records of the Village relating to said bonds and to the financial
condition and affairs of the Village, and such other affidavits, certificates and
information as may be required to show the facts relating to the legality and market-
ability of said bonds as the same appear from the books and records under their custody
and control or as otherwise known to them, and a11 such certified copies, certifi-
cates and affidavits, including any heretofore furnished, shall be deemed representations
of the Village as to the facts recited therein.
The motion for the adoption of the foregoing resolution was duly seconded by
Rixe, aye; Tupa, aye; VanValkenburg, aye; an
Trustee Tupa, and on Rollcall there were five ayes and no nays, as follows: MacMillan,
esen, aye; and the Resolution
Trustee VanValkenburg then introduced the following resolution and moved its
adoption :
RESOLUTION ESTABLISHING THE FORM AND TERMS
AND COVENANTS SECURING THE PAYMENT OF
$825,000 GOLF COURSE BONDS OF 1963
BE IT RESOLVED by the Village Council of the Village of Edina, Hennepin
County, Minnesota, as follows:
1. The Golf Course Bonds of 1963 heretofore advertised and sold by the
Village shall be dated December I, 1963, shall be (825) (165) in number and numbered
from 1 to (825) (1651, inclusive, each in the denomination of ($1,000) ($5,000), and
shall mature serially, lowest numbers first,.without option of prior payment, on
December 1 in the years and amounts stated below, and shall bear interest at the
respective rates per annum stated opposite their maturity years, from date of issue
until paid:
Maturity Interest Maturity Interest
Years Amount Rates Years Amount Rates
1966 $25,000 2 , 50% 1977 $40,000 3.20% i- 1967
1968
1969
1970
19 71
1972
1973
19 74
1975
1976
25,000
25,000
25,000
25,000
35,000
35,000
35,000
35,000
35,000
35,000
2 . 50%
2 . 80%
2.80%
2.80%
3 00%
3.00%
3.00%
3.00%
3 . 20%
3 . 20%
1978
1979
1980
1981
1982
1983
19 84
1985
1986
1987
40 io00
40,000
40,000
40,000
40,000
50,000
50,000
50,000
50,000
50,000
3 . 30%
3 . 30%
3.30%
3.40%
3.40%
3 . 40%
3.40%
3.50%
3.50%
3 . 50%
238 \ 11/4/63
\ Each of the bonds shall also bear adaitional interest at the rate of 2.00% per annum
from March 1, 1964 to December 1, 1964.
on June 1 and December 1 of each year, commencing June 1, 1964. The principal of and
interest on the bonds shall be payable at FIRST NATIONAL BANK, in MINNEAPOLIS,
ldINNESOTA, and the Village agrees to pay the reasonable charges of such paying agent.
The interest shall be payable semiannually
2. The bonds shall be in substantially the following form:
UNITED STATES OF &*ERICA
STATE OF MINNESOTA
COUNTY OF HENNEPIN
VILLAGE OF EDINA
GOLF COURSE BOND OF 1963
($1,000)($5,000) iJ0.
KNOW ALL IEN BY THESE PRESENTS that the Village of Edina, Hennepin County,
blinnesota, acknowledges itself to be indebted and for value received promises-to pay
to bearer the sum of
option of prior payment, and to pay interest thereon at the rate of
THOUSAND DOLLARS on the 1st day of December, 19 -' without
per cent ( %) per annum from 9 19 to , 19-; such interest being payable semiannually on the 1st day of
June and the 1st day of December in each year, commencing June 1, 1964, and interest to
maturity being payable in accordance with and upon presentation and surrender of the
interest coupons appurtenant hereto, consisting of one set serially numbered represent-
ing interest to maturity at the basic rate applicable to this bond, and a separate set
numbered B-1 through B- , representing interest at the additional rate payable for the
limited period stated above.
in any coin or currency of the United States of America which on the respective dates
of payment is legal tender for public and private debts.
payment thereof as the principal and interest respectively become due the full faith,
credit and taxing powers of the Village have been irrevocably pledged.
Both prinFipal and interest are payable at , , in Y
For the prompt and full
I - This bond is one of an issue of bonds in the aggregate principal amount of
$825,000, all of like date and tenor except as to serial number, interest rate and
maturity, issued by the Village for the purpose of financing the construction of a
municipal golf course as a public recreational facility of the Village and is issued
pursuant to resolutions duly adopted by the Village Council and pursuant to and in
full conformity with the Constitution and laws of the State of Minnesota thereunto
enabling, including Laws 1961, Chapter 655.
IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things
required by the Constitution and laws of the State of Minnesota to be done, to happen,
to exist and to be performed precedent to and in the issuance of this bond in order to
make it a valid and binding general obligation of the Village according to its terms
have been done, have happened, do exist, and have been performed in regular and due
form, time and manner as sorrequired; that the Village has pledged and appropriated to the
special fund for the payment of the bonds so much of the net revenues to be derived from the
operation of the municipal golf course and of the municipal liquor dispensary as shall be
required to pay the principal thereof and interest thereon when due and to establish and
maintain at a11 times a reserve equal to the average annual amount of such principal and
interest, provided that if such revenues should at any time prove insufficient for these
purposes the Village is required to levy ad valorem taxes upon all taxable property
within its corporate limits, without limitation as to rate or amount, for the payment
of the bonds and interest thereon when-due; and that this bond, together wi%h all other
indebtedness of the Village outstanding on the date hereof and on the date of its
actual issuance and delivery, does not exceed any constitutional or statutory limitation
of indebtedness. I IN WITNESS IJHEREOF, the Village of Edina, Hennepin County, Idinnesota, by its
Village Council, has caused this bond to be executed in its behalf by the facsimile
signature of its Mayor and the manual signature of the Village Manager, and sealed with
its official seal, and has caused the interest coupons appurtenant hereto and the
certificate appearing on the reverse side hereof to be executed and authenticated by the
facsimile signatures of said officers, and has caused this bond to be dated as of December
1, 1963. .
(Facsimile signature) . . Mayor
Countersigned:
Village Manager
(SEAL)
11/4/63 23
(Form of Coupon)
4
NO $
On the 1st day of June (December), 19 - , the Village of Edina, Hennepin
, the amount hereon in lawful money of the
County, Minnesota, will pay to bearer at Y
in
United States of America, for the installment of interest khen due on its Golf Course
Bond of 1963 dated December 1, 1963, No. e
(Facsimile signature)
Village Manager
(Facsimile signature)
. Mayor
(Form of certificate to be printed on the reverse side of . each bond, following a full copy of the legal opinion on
the issue.)
We certify that the above is-a full, true and correct copy of the legal
opinion rendered by bond counsel on the issue of Golf Course Bonds of 1963 of the
Village of Edina, Hennepin County, Minnesota, which includes the within bond, dated
as of the date of delivery of and payment for the bonds.
(Facsimile signature) (Facsimile signature)
Village Manager Mayor
3. The bonds shall be prepared under the direction of the Village Clerk
and executed in behalf of the Village by the printed, engraved or lithographed fac-
simile signature of the Mayor, manually attested by the Village Manager, and the
corporate seal of the Village shall be affixed thereto, and the appurtenant interest
coupons and the certificate on the reverse side of the bonds referring to the legal
opinion thereon shall be executed and authenticated by the printed, engraved or
lithographed facsimile signatures of the Mayor and Village Manager. When the bonds
have been so executed and authenticated, the Treasurer shall deliver them to the
purchasers in accordance with the contract of sale heretofore entered into, on
receipt of the agreed purchase price including accrued interest to the date of such
delivery, and the purchaser shall not be required to see to the proper application
of the proceeds of the bonds.
4. The Golf Course Bonds of 1963,are authorized to be issued to finance
the construction and equipment of the municipal golf center which is now under
construction pursuant to plans and specifications heretofore approved, consisting
of an eighteen hole championship course of 6,500 yards; a parthree 9 hole course of
approximately 1,200 yards; a twenty position driving range; a practice putting green
of 1,000 square feet; a 6,500 square foot clubhouse with.350 men's and 150 women's
lockers, a pro shop and eating facilities, the whole occupying approximately 200
acres of the 445 acre Hayes Farm park site now owned by the Village described as
follows :
, Section 7, Township 116 N., Range 21 W.
Southeast Quarter (SE1/4) and South Half (S1/2) of Northeast Quarter (NE1/4);
also South Ten (10) acres of Northeast Quarter of Northeast Quarter (NE1/4 of NE1/4)
and that part of the Southwest Quarter (S5?1/4) lying Easterly of Highway; also that
part of South Half (S1/2) of Northwest Quarter (NWL/4) lying South of Road and
East of West 950 feet thereof except roads and except Highway - (Parcel 640,
Plat 73607) - and
(SW1/4 of NW1/4) lying Easterly of Highway - (Parcel 605, Plat 73607) - and
That part of the West 950 feet of the Southwest Quarter of Northwest Quarter
Section 8, Township 116, Range 21 W.
West Quarter (W1/4) of Northweat Quarter (NW1/4) of Southwest Quarter (SW1/4)
except road. -(Plat 73608, Parkel 5500).
Minnesota Laws 1961 Chapter 655, which became effective May 18, 1961, upon approval by
resolution adopted by the vote of a majority of all members of the Village council,
filed with the Secretary of State that date, authorizes the Village to issue the bonds
for the acquisition and betterment of the golf center as a municipal recreational
facility, including a11 of the land improvements, buildings and equipment which have
been included in the plans and,specifications and are deemed to be use ful for the
operation of the municipal program of public recreation, parks and'playgrounds. The
proceeds of the bonds are appropriated to a construction fund which has heretofore
been created for this purpose, and shall be used solely to pay the costs necessarily
incurred and to be incurred in the completion of the golf center in accordance with the
plans and specification, and the reimbursement of Village funds from which money has
been advanced to pay such costs.
11/4/63 ’ 5. As authorized by Chapter 655, the net revenues to be derived from the
operation of the municipal liquor stores, in excess of the cost of such operation and
of the maintenance of the stores and commodities purchased therefor, are pledged for
the payment of the Golf Course Bonds of 1963 and the interest therson. By Ordinance
No. 131, the Village established its municipal liquor dispensary, now consisting of
two retail stores, for the off sale of intoxicating liquor, and created a municipal
liquor disepnsary fund in which all revenues received from the operation of the dis-
pensary are required to be deposited and from which all ordinary expenses 05 operation
are required to be paid.
taxpayers and of the holders of the bonds herein authorized, that it will maintain
in said fund an Operating Account, to which shall be charged and from which shall be
paid only those items of disbursement which, in accordance with accepted accounting
practices constitute normal, reasonable and current costs of operation and mainte-
nance of the stores, including, but without limitation, compensation of the liquor
store manager or managers and other necessary employees, insurance, utility services.
and the cost of maintenance of a reasonable stock of merchandise; that it will credit
to the liquor dispensary fund all receipts from the sale of intoxicating liquor and
from the sale of any other merchandise and services on the dispensary premises, and
from the rental of any portion of the liquor dispensary buildings, and from the sale
of any equipment or furnishings purchased for the.dispensary and not needed to be
retained, which receipts are referred to in this resolution as gross revenues; and
that the net revenues pledged for the payment of said bonds and interest include all
gross revenues from time to time on hand in the liquor dispensary fund, in excess of
a balance in the Operating Account equal to the sum of all claims due and payable
therefrom plus the amount of such claims reasonably estimated to become due and
payable within one month. From such net revenues which are now on hand the-sumtof
$52,300.00 is appropriated and shall be credited forthwith to the Bond Account of the
Golf Course Fund referred to below, which sum exceeds the average annual amount of
principal and interest to become due on the bonds herein authorized in all future
fiscal years. The net revenues received from the municipal liquor dispensary in the
fiscal year ended December 31, 1962, were in excess of $245,000, which figure, as well
as the net revenues thus far received in the fiscal year 1963, substantially exceeds
the maximum amount of principal and interest to become due in any future fiscal year
on all of said bonds.
provide by this resolution for the issuance, sale and delivery of the bonds and to
enter into the further covenants and agreements set forth below.
-
The Village covenants and agrees, for the security of its
Accordingly, the Village is empowered by said Chapter 655 to
I 6. The golf center, when completed, shall be operated as a revenue producing
public convenience, and the Village furtiher covenants and agrees for the security of
its taxpayers and the holders of the bonds that until said bonds and interest are
fully paid it will maintain on its official financial records a separate and special
Golf Course Fund, to be administered and accounted for as follows:
. . A. An Operating Account will be maintained with the fund,
to which the Village will credit as received a11 gross revenues
received by it from its ownership and operation of the golf
center, including, but without limitation, fees to be charged
to all persons making use in any manner of the-recreational
facilities provided by the center, rentals to be charged for
all use of lockers or other space on the premises, and charges
to be made for all merchandise.sold on the premises; provided
that nothing herein shall prevent the employment of a professional
golfer as manager of the center with the privilege of selling
golf supplies on the premises as part of his compensation in
that capacity.
pay disbursement items which, according to accepted accounting
practices, constitute normal, reasonable and current costs of
the operation and maintenance of the golf center, including, but
without limitation, salaries and wages of the manager and other
persons necessarily employed in *he operation and maintenance
of the center and the collection of charges for its use; salaries
and wages of other Village clerical and maintenance employees to
the extent that their time is actually and necessarily spent in
the administration and maintenance of the golf center; premiums
for such insuaance on the center premises and buildings and
against liability incurred in the operation thereof as is cus-
tomarily carried by prudent owners of similar properties; utilities;
fertilizer, seed, shrubs and other nursery supplies required for
the maintenance of the cneter in the same condition as when completed
in accordance with the plans and specifications; and the cost of
merchandise sold. The balance of gross revenues from time to time
on hand in the Golf Course Fund in excess of the sum of the claims
properly due and payable from the Operating Account, plus the
reasonably estimated amount of such claims to become due and pay-
able within one month, constitutes the net revenues which are pledged
and appropriated by this resolution for the payment of the bonds
herein authorized.
The Operating Account will be used only to
11/4/63 24r
El. Separate Bond Account will also be maintained in the fund,
to be used solely for the payment of the principal and interest
when due on the Golf Course Bonds of 1963 and for the maintenance
as a reserve securing such payments of the sum of $52,300 appro-
priated thereto in paragraph 5 of this resolution. From the net
revenues on hand in the Operating Account there shall be transferred
to the Bond Account each month a sum equal to not less than one-
sixth of the interest to become due on the then next succeeding
interest payment date plus one-twelfth of the principal to become
due on the then next succeeding maturity date of the bonds, and
if the net revenues on hand in any month are not sufficient to
comply fully with this requirement, the deficiency shall be
restored to the Bond Account out of the next net revenues there-
after received; except that such transfers may be discontinued
when and as the total balance in the Bond Account, together with
the payments of principal and interest to become due on any general
obligation securities of the United States Government 'in which such
balance may be invested, is sufficient to pay all remaining
principal and interest to become due on said bonds
.
C. Any net revenues from time to time remaining in the Golf
Course Fund, after compliance with paragraphs 6A and 6B above,
shall be available to finance the improvement of the golf center
or the acquisition, betterment, operation or maintenance of
other municipal recreational facilities, or to pay the principal
and interest on additional bonds issued for the acquisition or
betterment of such facilities, or for any other proper corporate
purpose 5or which they may be appropriated by the Council in
accordance with law; provided, however, that no additional bonds
shall be issued and made payable from the net golf course revenues
unless the pledge of such revenues for the payment of such bonds
is expressly made subordinate to the first lien on and pledge of
said revenues for the payment of principal and interest due and
the maintenance of the reserve securing the Golf Course Bonds of 1963 . .-.
cts
rd EL "3k c9 CQ
..
D. In the event that atr any time the net golf course revenues
are insufficient to transfer to the Bond Account the amounts then
and theretofore required in paragraph 6B above., the amount of the
deficiency shall be advanced from the net revenues then on hand in
the Liquor Dispensary Fund, and such advances shall be repaid from
the next net golf course revenues then received in the Bond Account.
E. Nothing herein shall prevent the future issuance of bonds
payable in whole or in part from the net revenues of the muni-
cipal liquor dispensary, whether pursuant to Laws 1961, Chap-
ter 655 or any other applica6le law, provided that the pledge
of the net liquor revenues fm the payment of such bonds and
interest is expressly made subordinate to the first lien on
and pledged thereof for the payment of the principal and in-
terest on the Golf Course Bonds of 1963 and the maintenance
of the agreed reserve securing such payments, unless the net
liquor revenues received during the fiscal year immediately
preceding such issuance shall have been not less than one and
one-quarter times the maximum amount of principal and interest
to become due in any subsequent fiscal year on the Golf Course
Bonds of 1963 and all other bonds then payable from such net
revenues, including the additional bonds then proposed to be
issued. In the event that the net revenues received in the
fiscal year preceding any such issuance have conformed to
the condition prescribed in the preceding sentence, the addi-
tional bonds so issued may be made payable from the net
liquor dispensary revenues on a parity with the Golf Course
Bonds of 1963 as to both principal and interest, without
preference or priority of one bond over any other; except
that if the net liquor revenues on hand at any time are not
sufficient, with other funds then on hand for the payment of
a11 such bonds, to gay in full the principal and interest then
due, the balance of net. liquor revenues then available shall
be allocated to the Bond Account of the Golf Course Fund and
to the respective funds established for the payment of Other
bonds, in proportion to the principal amount of bonds of each
issue which are then outstanding.
i
I 11/4/63
7. Pursuant to said Laws 1961, Chapter 655, the full faith, credit
and taxing powers of the Village are also irrevocably pledged for the prompt and
full payment of the principal and interest on the Golf Course Bonds of 1963 as
shch principal and interest respectively become due.
covenants contained in this resolution are deemed to be sufficient to assure the
payment of such principal and interest and the maintenance of additional reserves
as required by said Chapter 655 and by Minnesota Statutes, Chapter 475.
no tax is presently levied for this purpose.
in any subsequent year the balance on hand in the Bond Account of the Golf Course
Fund should be less than the sum of such principal and interest to become due in
the ensuing calendar year, the Village covenants and agrees that it will levy a
tax sufficient, with the net liquor dispensary revenues and net golf course revenues
then on hand in said account, to pay all such principal and interest, which tax shall
then be levied on all taxable property within the corporate limits of the Village,
without limitation as to rate or amount.
The appropriations and
Accordingly,
However, if on October 1 in 1964, or
8. The Village Clerk is hereby authorized and directed to file with the
County Auditor of Hennepin County a certified copy of this resolution, together
with such other information as the County Auditor may require, and to obatin from
said County Auditor a certificate that the tax required by law for the payment of
said bonds has been levied, and that said bonds have been entered upon his bond
register .
9. The officers of the Village and the County Auditor of Hennepin County
are hereby authorized and directed to prepare and furnish to the purchaser of said
bonds, and to the attorneys approving the legality of the issuance thereof, certified
copies of all proceedings and records of the Village relating to said bonds and to
the financial condition and asfairs of the Village, and such other affidavits, certi-
ficates and infomation as may be required to show the facts relating to the legality
and marketability of said bonds as the same appear from the books and records under
their custody and control or as otherwise known to them, and all such certified
copies, certificates and affidavits, including any heretofore furnished, shall be
deefied representations of the Village as to the facts recited therein.
$
The motion for the adoption of the foregoing resolution was duly seconded by Trustee Tupa, and on Rollcall there were five ayes and no nays, as follows:
was declared duly passed and adopted.
I.tacl4illan,
I
(Note: This Paragraph Amended - See Page 249)
STBEET IZjlPROVEIYIENT BA-50 ASSESSI4ENT REFERRED TO VILLAGE ATTORNEY FOR OPINION ON
CHANGE OF 2ETHOD ENABLING CHARGE TO MEROLD DRIVE,
representing property owners on Wycliffe Road and Grove Gtreet in Edina Highlands
Lakeside Addition, protested the assessment to these properties of the cost of that
portion of the street which Good Samaritan Methodist Church abuts.
Statute which provides for assessment according to "benefit", Mr . kicGannon reported
his clients feel that $8.83 per assessable foot is the true benefit and that assess-
ment of any more than that will be contrary to Statute; that either the total share
of the Church assessment should be borne by the Village as a whole, or some pro-
portionate share should be taken, because the Village benefits by opening of the ~
street. Mayor Bredesen suggested that were this argument valid then there could
be no assessment for street improvement because the Village indirectly benefits by
the improvement of any street.
condemned, condemnation costs and award would have been about $1,000; and Nr. McGannon
suggested that assessment to property owners be no more than $1,000, wzth Village
assuming the balance. Mr. Hyde reported that the developers of Edina Highlands
Lakeside Addition had signed a petition for street improvement of the Addition,
stating that all costs, including that of the Church portion of street, could be
assessed against the addition. One resident suggested that part of the cost be
allocated against Merolddrive, which is within the addition, but which street has
not yet been surfaced.
this suggestion be referred to the Village Attorney for his opinion as to a deferred
assessment against Lierold Drive properties, to be included with their assessment for
street improvement at the time said street is improved.
that matter be referred to Village Attorney, and Hearing be continued to December 2.
Motion seconded by Tupa and carried.
Attorney David McGannon,
Citing the
.
It was reported that, had land for Wycliffe Road been
Stating that this request has some merit, Mr. Hyde asked that
VanValkenburg then moved
COUNCIL UVIES ASSESSMENT FOR STREET IMPROVEbENT NO. %A-46 ON "CORNER LOT RELIEF''
METHOD.
Drive from W.7Oth Street to Dunberry Lane and in Dunberry Lane from Creston Road to
West Shore Drive - had been continued from October 7 to the 21st; then, at request that
all properties owners be notified of a proposed change in the originally proposed method
Hearing on this proposed assessment*- for Street Improvement in Nest Shore
-3
M Y 3a
11/4/63
of assessment (from the "straight per foot" basis, at $6.61 per assessable foot, ,.,,.
to the "corner lot relief" basis, with corner lots paying for only 1/3 the footage.
of their long sides, at $12.74 per Assessable Foot), had been re-continued to this
date. Because at other Hearings there had been a difference of opinion on the part
of the residents as to which method of assessment should be used, the Council had
proposed a "per lot" basis as a compromise.
hear Mr. Keith Holvenstot, 6901 West Shore Drive, owner of Lot 8, Block 5, Woodhill,
suggest that Council adhere to its regular assessment policy and make assessment on
the "corner lot relief" basis. Inasmuch as Mr. Holvenstot would have been benefited
by some $550 if the "per lot" method had been used, or by some $50 if the "straight
footage" method had been selected, his remarks were surprising to say the least.
There were no objections from the audience to Mr. Holvenstot's suggestions, and
no objections VanValkenburg then moved
that the proposed assessment for Street Improvement No. €38-46 be levied on the
llcorner lot relief" basis at $12.74 per assessable foot, and this motion was
seconded by Tupa and carried,
and moved its adoption:
Council was pleasantly surprised to
had been received prior to the Hearing.
VanValkenburg then offered the following Resolution
RESOLUTION ADOPTING AND CONFIRMING ASSESSMENTS
STREET IMPROVEMENT NO. BA-46
BE IT RESOLVED by the Village Council of the Village of Edina, Minnesota, as follows:
1. It is hereby found, determined and declared that the proposed assessment
for STREET IMPROVEMENT NO, BA-46 has been calculated in accordance with the provisions
of Minnesota Statutes Sections 429.051 and 429.061; that notice has been duly published,
as required by law, that this Council would meet to hear and pass upon a31 objections,
if any, to amend said proposed assessments as might be necessary, and to adopt the
same by resolution; that said proposed assessments have at all times since their
filing been open for public inspection, and opportunity has been given to all
interested persons to present their objections; and that each of the lots, pieces
and parcels of land enumerated in the assessment was and is specially benefited by
the construction of Street Improvement No. BA-46 in the amount set opposite the
description of each such lot, piece and parcel of land, respectively.
pieces and parcels of land described in said assessment, and said proposed is hereby
confirmed as the proper special assessment for said Street Improvement No. BA-46.
The ass.essment against each lot, tract or parcel, together with the interest accruing
on the full amount thereof from time to time unpaid, at the rate of five percent per
annum from the date of this resolution, shall be a lien concurrent with general taxes
upon the property described therein and all thereof.
assessment shall be payable in equal annual installments extending oyer a period of
ten year?, the first of said installments, together with interest on the entire
assessment from the date hereof to December 31, 1964, to be payable 'with general
taxes for the year 1963, and one rof the remaining installments, with one year's
gnterest -onAhat and all subsequent installments, to be payable with ginera1 taxes
for the years 1964 through 1972, collectible in the respective ensuing years.
owner of any lot, piece or parcel of land assessed hereby may pay the whole of such
thereafter such payment,may be made with accrued interest, to the County Treasurer;
provided that if any assessments or installments thereof be prepaid to the Village
Treasurer, he shall promptly notkfy the Village Clerk and County Auditor, and the
assessment or installment so prepaid shall be cancelled on the books of the County
Auditor.
County Auditor a certified duplicate of said assessments, with each then unpaid
installment and interest set forth separately, to be extended upon the proper tax
lists of the County, and the County Auditor shall thereafter cause said assessments
to be collected in the manner provided by law.
as "ASSESSMENT ROLL FOR STREET IMPROVEMENT NO. BA-46", and all amounts collected
in respect of the assessments therein contained shall be similarly designated by
the County Treasurer and remitted to the Village Treasurer and by him credited to
the account of the IMPROVEMENT BOND REDEMPTION FUND.
~
2. The amounts so set out are hereby levied against the respective lots,
The total amount of such I
3, Prior to certification of the assessment to the County Auditor, the
L assessment or any installment thereof without interest to the Village Treasurer and
4. The Clerk shall, as,,soon as may be, prepare and traasmit to the
Said duplicate shall be designated
Motion for adoption of the Resolution was seconded by Tupa, and on Rollcall there
were five ayes and no nays, as follows:
VanValkenburg, aye; and Bredesen, and the
TRUCK MOUNTED BACKHOE BIDS LAID OVER TO NEXT MEETING FOR INSPECTION OF LOW BIDDER'S
MACHINE. Manager Hyde presented Tabulation of Bids, covering the bids taken October
30, in response to Advertisement in Construction Bulletin and Edina-Morningside
Courier. Seven bids were received, that of ?ri-State Machinery Company being low,
at $21,000 on "complete backhoe and crane, 12-1/2-15 Ton"; Minnesota Machinery Co.
second-low at $23,437, and Hayden-Murphy Equipment Co. high bidder at $26,971.
Mr. Hyde suggested that action on bids be delayed until the low bidder's machine
could be inspected and investigated further, and it was SO moved, by f4acMillan,
11/4/6 3
$seconded by VanValkenburg and carried. During discussion, Nayor Bredesen suggested
investigation into availability of parts and service for this particular machine,
and Mr. Hyde promised a report on this by next meeting '9 in order that award could - -
be made at that time. (Note: Amended 11/18/63--See Page 2490
GLOCKNER REQUEST FOR S?ECIAL ASSESSMENT RELIEF ON STORM SEWER REFUSED: PRIVATE ROAD
~
TO RECEIVE NO EUINTENANCE.
support his written request for relief from Assessment for Storm Sewer Improvement
Mr. W. J. Glockner, 5517 McGuire Road, was present to
No. 60, for the reason his lot is cut-into two tracts by a llroadll.
Engineer Megner's report, recommending against any adjustment on special assessment
was-read to Council, and present Engineer, George Hite, concurred in this reoommendation.
Manager Hyde told the Council this "private road" has been a headache to the Village
for some time; that there are several properties where access is only by this road
although official addresses are 94cGuire Road".
as to Village maintenance, Mr. Hyde replied that the Village has done little
maintenance, but has plowed snow at urgent request of residents.
Council he is not anxious to have the private road closed--simply does not want to
pay storm sewer assessment on the part of his lot he cannot use because of road-
and, on the other hand, he does not want the road to become a public street because
then he will be forced to bear the assessment for improvement. Some discussion was
had *about the matter of *lpublic rights" to the road, inasmuch as it has been
traveled for some time. Attorney advised Council that a "general" opinion cannot
be given on this matter, and discussion was dropped.
that the Village had suggested some two or three years ago that the street become
a public street, but that some of the residents would have no part of this suggestion.
Although no formal action was taken on Nr. Glockner's request for storm sewer relief,
it was concensus of Council opinion that no relief be granted for private road.
Nayor Bredesen suggested that Village Manager notify owners of abutting properties
immediately, that there would be,no further Village maintenancqof any kind on this
private roadway, and it was so ordered. . (Amended-See Page 249)
Bormer Village
I At a question from the Council
blr. Glockner told
Mr. Hyde reported to Council
i
CONTRACT FOR TRAFFIC SIGNALS AT STATE HIGHNAY NO. 169 AND COUNTY ROAD NO. 18 APPROVED:
EDEN PRAIRIE TO BE ASKED TO PAY HALF POWER COST. Manager Hyde presented €or Council
consideration an agreement with Hennepin County for installation and operation of
traffic signals at Highway No. 169 and County Road No. 18, agreement specifying that
State and County will bear the costs of installation and maintenance, with the
exception of electric energy cost, which is to be borne by Edina, Calling Council's
attention to the bad traffic record at this corner, and the increasing traffic on
County Road No.28, 14r. Hyde recommended approval by Council. VanValkenburg's motion
for approval of contract for traffic signal at Highway No. 169 and County Road No. 18
was seconded Mac1.iillan and carried.
Eden Prairie is being required to pay toward costs of the signal; was informed to
the contrary. Nayor stated that while he feels the signals are sorely needed, he
believes that inasmuch as two corners of the intersection are in Eden Prairie, this
municipality should pay half the costs of the electricity. Manager Hyde directed
to forward Council's request for share of cost to Eden Prairie.
I Mayor Bredesen then inquired as to whether
PLANS FOR Il~lPROVENENTS AT DANGEROUS INTERSECTIONS DISCUSSED.
in recent discussion with the District Engineer for the State Highway Department, he
had been given the following information relative to several intersections on which
the Council has requested traffic control: traffic signal
next spring; also, it is expected that the northeast
will go in nexz year.
2.
about this intersection, and hopes to be able to have the signals
efficiently.
for traffic signals at:
Mr. Hyde reported that,
1. W.7Oth Street and Highway No. LOO - State Plans are for this/to go-in
of the proposed cloverleaf
W.5Oth Street and Highway No. 100 - State Highway Department is concerned
more
He also reported that Edina is working with Hennepin County relative to requests
1.
2.
V.70th Street and France Avenue,
W.58th Street and France Avenue,
but there is no definite information yet as to County determination on these two
intersections.
CLEVELAND AVENUE IMPROVEt-1ENT PETITIONS ACCEPTED ; SEWER PETITION EFERRED TO VILLAGE
ATTORNEY RELATIVE TO CONNECTION CHARGES.
Council by Clerk: Cleveland Avenue,
The following petitions were submitted to
1.
2.
Petition for Grading and Graveling - Division Street-to Hollywood Road.
Petition for Sanitary Sewer - Division Streetstreet to Hollywood Road in
Cleveland Avenue.
Mr. Hyde recommended that the petitions be referred to Village Engineer for programming,
adding that the petition for sanitary sewer is directly connected with a peeition filed
recently for Assessment Adjustment for the lateral sewer on Division Street, and that
this entire matter should be referred to the Village Attorney relative to connection
charges. VanValkenburg's motion that two petitions be accepted and referred to
Village Engineer for programmi.ng, and that Village Attorney's opinion be secured
relative to collection of connection charges, was seconded by Tupa and carried.
11/4/63 245
ACCESS FOR LOT 11, BLOCK 2, BROOKLINE ADDITION, ON BOTH W.58TH STREET AND XERXES
AVENUE. ASKED BY 0WNER.E.H.OTTO. Clerk read Mr. E.H. Otto's letter requesting I --~ -- - - . - -
access on both W.58th it. and Xerxes Avenue for his Lot 11, Block 2, Brookline
Addition (5740 Xerxes Avenue).
Hennepin County Project, the letter was ordered referred to the County Highway
Department.
"HILLDALE-LALONE ADDITION" FINAL PLAT APPROVED.
approval the Final Plat of "Hilldale-LaLone Addition", which, he told Council,
conforms with preliminary.
by MacMillan and carried.
STREET IMPROVEMENT NO. E-18 CONTRACT COMPLETION DATE 'EXTENDED .
recommended that Council grant extension of contract completion date on this
project, without penalty, from October 15 to N ovember 1.
contractor's work has been excellent, that there have been very few, if any,
complaints, Mr. Hite reported he feels there has been no inconvenience to the
public occasioned by this delay. Macldillan's motion, that completion date be
extended in accordance with Mr. Hite's recormnendation, was seconded by Tupa and
carried.
Because the improvement of Xerxes Avenue is a
Mr. Hite presented for Council
Tupa's motion for approval of Final Plat was seconded
Engineer Hite
Stating that the
SPECIAL ASSESSMENT HEARING FOR 1963 OILING IMPROVEMENT SCHEDULED FOR NOV.. 18. .
Mr. Hyde reported that the special assessment roll for the cost of the 1963
Oiling Improvement is prepared; that a publication scheduling hearing for
ltovember 18 has been published; that cost is $.02 per foot less than last year..
He asked for Council confirmation of this date for Hearing, and PIacMillan
offered the following Resolution and moved its adoption:
RESOLUTION PROVIDING FOR SPECIAL ASSESSivIENT
HEARING - 1963 OILING IMPROVEMENT
BE IT RESOLVED by the Council of the Village of Edina, as follows:
for the improvement set forth in the Notice of Hearing form hereinafter recorded,
and the amounts proposed to be assessed against the respective pieces and parcels
of land within the district affected by said improvement, and said proposed assess-
ment having been filed with ,the'Clerk, the same is hereby approved, and the Clerk
shall keep the same on file in her office and open to public inspection pending .
hearings thereon as herein provj.ded.
of Hearing form hereinafter contained, to pass upon said proposed assessment; and
the Clerk's action in publishing said Notice of Hearing in the official newspaper
in accordance with law, is hereby ratified and confirmed:
1. The Clerk and Engineer having calculated the proper amount to be assessed
2. The Council shall meet at the time and place specified in the Notice
NOTICE OF ASSESSMENT HEARING ON
STREET OILING FOR 1963
EDINA VILLAGE COUNCIL will meet at the Edina Village Hall on Monday, November 18,
1963 at 7:OO o'clock P.M., to hear and pass upon all objections, if any, to the
proposed assessment for the following improvement.
in the office of the Village Clerk and open to public inspection.
This assessment is now on file
STREET OILING FOR 1963
The area proposed to be assessed for the cost of this improvement includes
-
all lots and tracts of land abutting the following streets:
Beard Avenue from West 57th street to West 58th Street
Benton Avenue from Hansen Road to RR Bridge
Benton Avenue from Bernard Place to Hansen Road
Brookview Avenue from West 63rd Street to West 64th Street
Chowen Avenue from West 60th Street to West 61st Street
Hankerson Avenue from Interlachen Blvd. to 135 feet South
Holborn Avenue from West 64th Street to Whiting Street
Josephine Avenue from West 64th Street to West 66th Street
Mildred Avenue from West 63rd Street to West 64th Street
Millpond Place from Westbrook Lane to MNGS RR Tracks
Peacedale Avenue from West 62nd Street to West 64th Street
Pine Grove Road from Blake Road to Highwood Drive
Roberts Place from Wilryan Avenue to Rolf Avenue
Rolf Avenue from Roberts Place to Valley View Road
Tingdale Avenue from West 63rd Street to West 64th Street
Tingdale Avenue from West 65th Street to West 66th Street
Vandervork Avenue from Hollywood Road to Division Street
Warden Avenue from Johnson Drive to Tracy Avenue
Whiting Street from Holborn Avenue to 100 Feet West
York Avenue from West 55th Street to West 56th Street
West 56th Streef from Hansen Road to gernard Blace
West 62nd Street from St,Johns Avenue to concord Avenue
West 64th Street from Warren Avenue to Holborn Avenue
West 65th Street from Highway No. 100 to Josephine Avenue
West 66th Street from Tingdale Avenue to Normandale Road.
11/4/63
Assessments for the above improvement will be payable in one year with the
taxes for the year 1963 collectible in 1964, with interest on the entire assess-
ment at the rate of 5% per annum, .
The owner of any property assessed for the above improvement may pay the
whole of the assessment without interest to the Village Treasurer on or before
December 15, 1963, or make payment with accrued interest to the County Treasurer.
BY ORDER OF THE VILLAGE COUNCIL,
GRETCHEN S. ALDEN
Village Clerk
Notion for adoption of the resolution was seconded by fixe, and on Rollcall there
were five ayes and no nays, as follows: MacMill e; Rixe, aye; Tupa, aye;
COUNCIL AUTHORIZES PURCHASE OF OUTLOT Om, TROLLEY LINE ADDITION, FROM E.F. GARRISON
FOR $2,500. Mr. Hite reported that, pursuant to Council's October 21st instructions,
he had offered owner Everett F.Garrison $2,000 forSOutlot One, Trolley Line Addition,
which is needed to complete the right-af-way for the proposed Joint Hopkins-Edina
Second Street; that Mr. Garrison refuses this offer and demands $2,500 for the
lot. Mr.. Hite added he has consulted with Village Assessor Kearns, who tells him
the lot is worth $2,000 ($2,200 at the very most); and has also checked with the
Village Attorneys, who say the ordinaEy condemnation costs are in excess of $500.
MI?. Hite recommended that Council meet Mr. Garrison's price, saying the right-of-way
is needed for the street, and that Mr. Garrison has a buyer for the lot and is asking
for a building permit, now, unless Village wishes to take title. Tupa's motion, that
Village purchase lot for $2,500, was seconded by VanValkenburg and carried.
PETITION FOR ASSESSldENT ADJUSTMENT, SANITARY SEWER NO, 135, REFERRED TO VILLAGE
ATTORNEY RELATIVE TO NEW PETITION FOR SEWER IN CLEVELAND AVENUE.
which had been reportedaby Nr. Hyde at the last meeting, was referred to the Village
Attorney for his opinion on the legality of making connection charges to properties
abutting Cleveland Avenue at such time as this sewer is connected to the one in
Division Street .
This petition,
I CANVASSING BOARD TO MEET AT VILLAGE HALL AT 8:OO P.N., TUESDAY, NOVEMBER 5. The
necessity for a meeting of at least of a quorum of the Council to canvass the
machines after polls close at tomorrow's Village Election, was reported by Clerk.
Members Rixe, MacMillan and Bredesen to canvass.
TREASURER'S REPORT, AND LIQUOR FUND STATEMENTS AS AT SEPTENBER 30, 1963, were submitted,
reviewed and ordered placed on file,
CLAIMS PAID.
November 4, 1963:
Const. E Golf Course, $79,547.45; Waterworks Fund, $733.04; Liquor Fund, $53,753.22;
Sewer Rental Fund, $219,25; Improvement Funds, $60.00--TOTAL, $139,122.82 -- and
from General Fund, as of October, to Texaco Coo , amount $1,467.74; George Hite,
$89.77, was seconded by Rixe and carried,
Motion by Tupa, for payment of the following Claims as per Pre-List dated
General Fund, $4,617.86; Construction Fund, $192.00; Park, Park
COUNCIL ASKS FOR REVIEW BY HENNEPII? COUNTY BOARD OF BUDGET FOR GENERAL HOSPITAL FOR - 1964, Mr. Hyde reported that .at a meeting of the Hennepin County League of Municipalities
last Thursday evening, the matter of the County Board's action relative to ambulance
service from General Hospital had received considerable consideration. He recommended
that Edina join with those suburban municipalities who have already requested a review
by the Board of its General Hospital budget for 1964.
dissatisfaction by suburban officials with the manner in which the Board has handled
the ambulance service matter, saying, too, that Edina Public Safety Director Bennett .
feels we should maintain our own emergency vehicle even if General does set up emergency
service, because of the lag in time for ambulance service from General or even from
Bloomington if ambulance is stationed there.
Resolution and moved its adoption:
Nr. Hyde reported much
VanValkenburg offered the follodng
RESOLUTION REQUESTING COUNTY BOARD TO REVIEW
ITS DETERMINATION OF AMOUNTS FORMING THE
BASIS FOR GENERAL HOSPITAL TAX LEVY FOR 1964
HHEREAS, the Legislature of the State of Zvlinnesota has provided for the
transferring of f4inneapolis General Hospital from the City of Minneapolis to the County
of Hennepin by Chapter 738 of Laws of 1963, and
portions of publicly financed and unrecovered costs and a tax levy based thereon, in the
last sentence of Section 3, Subd, 3, for those years before records for a full year's
operation of the hospital are available, and
WHEREAS, provision is made in said enactment for the determination of pro-
? 11/4/63
WHEREAS, the County Board has made such a determination by its
budget for 1964, and the.Village Council of the Village of Edina deems it in
the interests of the Vi1lage.of Edina and others that such budget be reviewed
in the manner provided by said law, therefore
BE IT RESOLVED by the Village Council of the Village of Edina that
the Village of Edina hereby requests the Hennepin County Board to review its
$964 Budget for the Hennepin County General Hospital, Revenue and Tax Levy
Projections, at a hearing upon such notice and at such time and place and in
the manner provided in Chapter 738, Lawsgf
to mail a certified copy of this resolution to the Hennepin &unty Board by
delivering the same to the County Auditor of Hennepin County as the receiving
official for such County Board.
Motion for adoption of the Resolution was seconded by Tupa, and on Rollcall there
963.
BE IT FURTHER RESOLVED that the &.$%lerk is authorized and directed
I.
ACTION DELAYED ON "SUBURBAN SEWER STUDY COMMISSION".
that Edina, together with several other communities which have sanitary sewer
contracts with Minneapolis had met on Thursday, October 24, relative to the
formation of a "Suburban Sewer Study Commission" following the basic line of the
Suburban Gas Agency; that he cannot yet give the Council a firm recommendation as
to whether Edina, which has one of the "oldt1 contracts, should join; that the
Commission is being urged by those municipalities with the new contracts.
Hite recommended that Edina join the proposed Commission immediately, saying he
believes Edina stands to gain more than those communities with the new contracts.
It was noted that Edina is having difficulties with Minneapolis right now,
whereas there is no urgency for action on the Suburban group, and Council delayed
action pending settlement of the Edina-Minneapolis disagreement 'on sewer rates.
Mr. Hyde reported to Council
Engineer
FRIDAY, NOVEMBER 8, 4:30 P.Mb, MEETING WITH PARK BOARD.
the Park Board's wish for a joint meeting with the Council at an early date, for
discussion on 11go18 course" matters, and Meeting was scheduled for Friday,
November 8, at 4:30 P.Mb
Manager Hyde reported
COUNCIL DXTENDS GOOD WISHES TO RICHARD GRABER,
dinner is being held on Tuesday, November 12, €or Richard Graber.who has resigned
as Editor of the Edina-Momingside Courier to take a new position.
the Council might like to adopt a resolution for presentation at this dinner,
and VanValkenburg offered the following Resolution and moved its adoption:
Mr. Hyde told Council a testimonial
He suggested
RESOLUTION IN APPRECIATION
TO
RICHARD F, GRABER
BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE OF EDINA, MINNESOTA,
that the following expression of appreciation be spread upon the minutes of its
meeting of 4 November, 1963:
EDINA COUNCIL COMMEMORATES
EXCELLENT COMMUNITY SERVICE
OF RICHARD F, GRABER
"The citizens of Edina have suffered a great loss!"
"Graber did a tremendous job as Editor of the Edina-Morningisde
Courier in bringing to the attention of the citizenry many facts
concerning local affairs of the community .I1
"We'll miss his sometimes caustic, but always fair and factual,
comments on the doings at the Village Hall.11
"He kept us on our toes, by focussing his camera and his type-
writer on what we were doing or not doing!"
These were the comments around the Edina Village Hall when it
became known that Richard F. Graber, Editor of the Edina-Morning-
side Courier, had resigned to accept another position.
members of the Council, and administrative officials of the
Village all joined in the chorus of wails and laments.
figure at Council meetings and in the offices.
his office visits normally coincided with morning or afternoon
coffee breaks, and he was almost initiated into the ranks 6f
dues-paying coffee drinkers.
managed to keep his attendance within the maximum number of visits
permitted for guests.
The Mayor,
During Mr. Graber's tenure in 1962 and 1963, he was a familiar
For some reason
By adroit maneuvering, however, he
11/4/63
"Dick was a good newspaperman," one seasoned observer of city hall
reporters remarked.
insisted on printing the facts whenever in his judgment it was in
the zest interests of the citizens to do SO."
"He respected our off-the-record comments but
AND BE IT FURTHER RESOLVED, that the Village Council and Village employees
emend to l4r. Graber sincere goodwishes for great success in his new position.
Motion for adoption of the Resolution was seconded by NacPSillan, and on Roll-
call there were five ayes and no nays, as 'follows:
Tupa, aye; VanValkenburg, aye; and Bredesen,
MacMillan, aye; Rixe, aye;
nd the Resolution was
There being no further business to come before this meeting, Tupa moved for
adjournment. Motion seconded by MacMillan, and carried. Adjournment at
8:30 P.N.
,- Village Clerk
I-5INUTES OF tEETING OF CANVASSING BOARD FOR EDINA
VILLAGE ELECTION, HELD TUESDAY, NOVEI-IBER 5, 1963,
AT 8:15 P.$Ie, 1963, VILLAGE HALL
Meeting convened at 8:15 P.N., at Village Hall, with Council klembers MacNillan,
Rixe and Bredesen acting as Canvassing Board for Village Election of this date,
Tuesday, November 5, 1963.
absentee ballots in the eight Voting Precincts; and it was then moved,saconded
and carried that the Canvassing Board certify the returns of the Village Election
held November 5, 1963, to be as' follows:
.
Members canvassed returns of Voting Machines and
'
MAYOR - TRUSTEE-
ARTHUR C. JAI-ES
TERt-5 23 YEARS TERN .THEE YEARS (TWO TO BE ELECTED)
TOTAL
PRE- BRGDESEN, THEODORE S. NORhfAIi A. FRANK 5. VAN TOTAL REG.
VALKENBURG VOTE VOTE CIIJCT . JR. HANSON SETTER TUPA -
1 343
2 283
3 2 36
4 226
5 196
6 15 8
7 209
14 8 8 -
52 44
115 12 3
33 44
53 512.'
49 50
47 152
46 85
22 45 - -
296
19 5
, t93
176
151
61
151
119 -
318
199
20 5
19 0
167
69
15 7
124
364
338
24 6
245
214
19z
226
161
2,256
2,646
2,272
2., 841
1,726
841
1,723
1,978
TOTAL 1,799