HomeMy WebLinkAbout19631216_19631230_regular_adjournedrr;! 9-7 4 12/30/63
14INUTES OF THE ADJOURNED PORTION OF THE DECEHBER 16,
196 3 REGULAR VILLAGE COUNCIL MEETING, HELD MONDAY,
DECEMBER 30, 1963, AT 5:OO P.M., AT EDINA VILLAGE
HALL
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Hembers answering Rollcall were MacMillan, Tupa, VanValkenburg and Bredesen.
LIQUOR FUHD LOAN TO GOLF COURSE FUND FOR WORKING CAPITAL AUTHORIZED.
Director Dalen recommended that Council authorize a loan of $60,000 from the
Liquor Dispensary Fund to the Golf Course Fund, for operating costs and
equipment purchases.
may be necessary during 1964 for inventories and other operating costs,
discussed the estimate of 1964 operating expenses accompanying the recommendation,
and VanValkenburg moved that Council authorize a $60,000 loan from Liquor
Dispensary Fund to Golf Course Fund, to be used for operating costs and
equipment purchases, said loan to be repaid hy the Golf Course Fund as soon
as earnings permit.
Finance
His recommendation contained advice that additional loans
Council
I
Motion seconded by Macbfillan and carried.
COUNCIL TAKES FORMAL ACTION AUTHORIZING LOAN OF $65,000 FROM PARK CONSTRUCTION
FUND TO GOLF COURSE FUND.
formalize its implied action o€ October 21, authorizing loan from Park Construction
Fund to Golf Course Fund in amount of $65,000, was reviewed by Council. After some
discussion bn the matter, VanValkenburg moved, authorizing said loan, with the
understanding that it will be repaid to the Park Construction Fund as soon as
earnings permit. f.iotion seconded by 1.lacMillan and carried,
COIJIMENDATION TO POLICE AND FIRE EMERGENCY SQUADS FILED.
Mr. and I-lrs. Richard Derby, 5928 Ashcroft Avenue, commending Edina Emergency .
Squads for their prompt and efficient help during the illness of their daughter,
was accepted with thanks by the Council and ordered placed on file.
Finance Director Dalen's recommendation, that Council
The letter written by
SEASON'S GRETINGS FR0f.I PUBLIC WORKS DEPARTlENT was read with appreciation and
ordered placed on file.
EDUCTION IIq COLLATERAL PLEDGED BY MIDLAND NATIONAL BANK APPROVED .
National Bank's request for reduction from $175,000 to Sf23,OOO in collateral
pledged for Edina deposits, was noted. Finance Director Dalen reported that as
of December 31, deposits in !-lidland Bank will total less than $30,000.
motion, that Clerk-Treasurer be allowed to release to Midland National Bank the
following securities pledged as collateral for Edina deposits:
Hidland
Nacbiillan's I
$15,000 City of Moorhead Certificates of Indebtedness - 1.90% due 2/1/64
$35,000 Independent School District, Rice County - 2.60% due 1/1/64
was seconded by Tupa and unanimously carried.
CLAIMS PAID.
Pre-List dated December 30, 1963, was seconded by VanValkenburg and carried:
and Golf Course Funds, $3,172.52; Waterworks Fund, $6,003.83; Liquor Fund,
$75,840.79; Sewer Rental .Fund, $800 b89 j and Improvement Funds, $180 .OO--TOTAL,
$101,192 ..81.
Tupa's motion, authorizing payment of the following Claims as per
General Fund, S7i525.68; Construction Fund, $7,669.10; Park, Park Const.
MEETING ADJOURNED FOR TRIP TO NEW VILLAGE GARAG. Mr. Hyde told CounciL that the
move to the new Village Garage has now been completed; and, inasmuch as there was
no further business to come before this Meeting, Tupa Gorred for adjournment of
meeting for inspection trip to New Public Works Building.
l4acMillan and carried.
Flotion seconded by
Adjournment at 5:25 PA
./ Village' Clerk