HomeMy WebLinkAbout19700105_regularMINUTES OF, THE REGULAR MEETING OF THE
EDINA VILLAGE COUNCIL HELD AT VILLAGE HALL ON
MONDAY, JANUARY 5, 1910
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Members answering rollcall were Cofincilmen Courtney, Johnson, Shaw and Van
Valkenburg who served as Mayor Pro Tem in the absence of Mayor Bredesen.
OATHS OF OFFICE were administered by the Clerk to.Councilmen C. Wayne Courtney
and James VanValkenburg whose terms of office run to January 1, 1973.
NAYOR PR0,TEM APPOINTED.
man Courtney and carried appointing Councilman VanValkenburg as Mayor Pro Tem
for the year 1970.
Notion of Councilman Johnson was seconded by Council-
HALLA NURSERY PROPERTY ZONING CHANGE CONTINUED TO FEBRUARY 2, 1970.
of Notice were presented by Clerk, approved as to form and ordered placed on
file. Mr. Hoisington then advised that the Hallas had requested continuation
of the h'earing until February 2, 1970, whereupon Councilman Shawls motion to
continue the hearing as requested was-seconded by Councilman Johnson and
carried.
Affidavits
ORDINANCE NO. 261-150 GRANTED SECOND READING. Mr. Hyde advised Council that
First Reading for Ordinance No. 261-150 had been granted on September 5, 1967,
and that no objections had been raised at that time.
question is located ah Xerxes Avenue between Heritage Drive and W. 64th Street.
Because First Reading had been granted with the stipulation that Second Read-
ing be withheld pending action of the Board of Appeals relative to necessary
variances and plan approval, and in order to wait until Ordinance No. 261-156
had been approved, the-ordinanFe was held over and a building permit issued
on April 10, 1968. Second Reading is now recommended in order that the title
dor this-propsrty not be clouded. Councilman Johnson thereupon offered the
following ordinance for Second Reading and'moved its adoption:
The property in
ORDINANCE NO. 261-150
AN ORDINANCE &ENDING ORDINANCE NO. 261
ESTABLISHING ADDITIONAL R-4
(ZONING ORDINANCE) OF THE VILLAGE OF EDINA
. MULTIPLE RESIDENCE DISTRICT
THE VILTAGE COUNCIL OF THE VILLAGE OF EDINA, MINNESOTA, ORJIAINS: I Section 1. Paragraph 1, Multiple Residence District Boundaries, of
Section 4 (Multiple Residence District) of Ordinance No. 261 of revised ordi-
nances of the Village of Edina, as amended, is hereby further amended by
adding the following subparagraph:
Di s t r ic t R- 4 :
"(25) Commencing at the Northeast corner of Lot Five (5),
Cassin's Outlots; thence South 130 feet; thence West 220 feet;
thence North 130 feet; thence East 221-1/10 feet to beginning."
Section 2. This Ordinance shall be in full force and effect from and
after its passage and publication according to law.
Motion for adoption of the ordinance w
on rollcall there were four ayes and n
SOUTHDALE ACRES REGISTERED LAND SURVEY GRANTED PRELIMINARY AND FINAL APPROVAL.
Affidavits of Notice were presented by Clerk, approved as to form and ordered
placed on file. Mr. Hoisington presented Southdale Acres Registered Land
Survey for preliminary and final approval as recommended by Planning Commis-
dale Acres.
years ago.
ing resolution and moved its adoption:
RESOLUTION APPROVING
SOUTHDALE ACRES REGISTERED LAND SURVEY
' sion. He noted that this is a replatting of Lots'l and 2, Block 2, South-
Tract B is the site of the R-5 zoning which was approved several
No objections being heard, Councilman Courtney offered the follow-
BE IT RESOLVED by the Edina Village Council that that certain Registered Land
Survey, presented for approval by Multi-Con Properties, Inc., covering pro-
perty located generally West of Barrie Road between Heritage Drive and Vest'
65th Street, and presented at the Edipa Village Council Meeting of January 5,
.
21 1/15/70
HAROLD WOODS THIRD ADDITION GRAXCED PRELIMINARY APPROVAL. Affidavits of
Notice were presented by Clerk, approved as to form and ordered placed on
file. Mr. Hoisington presented Harold Woods Third Addition, noting that this
one lot plat is located on the Vest side of Schaefer Road, South of Inter-
lachen Blvd.
has recommended approval. Following some discussion, Councilman Courtney
offered the following resolution and moved its adoption:
HAROLD WOODS THIRD ADDITION
The plat meets ordinance re-quirements and Planning Commission
RESOLUTION APPROVING PRELIMINARY PLAT OF
BE IT RESOLVED by the Village Council-of the Village of Edina, Minnesota, that
that certain plat entitled l'Harold Woods Third Addition"., platted by Mrs.
Harold Schaefer, a widow, and Verl J. Young and Evelyn L. Young, husband and
wife, and presented at the Meeting of the Village Council of January 5, 1970,
be and is hereby granted preliminary approval.
Motion for adoption of the resolution
on rollcall there were four ayes and
ATTEST :
VARDEN ACRES AUSTIN REPLAT GWhD PRELIMINARY PLAT APPROVAL.
Notice were presented by Clerk, approved as to form and ordered placed on
file. Mr. Hoisington presented Warden Acres Austin Replat for preliminary
approval, noting that this seven lot plat is located South of Grove Street,
North of Benton Avenue and Nest of Hansen Road. Mf. Hoisington noted that
the intent of the plat is to get some dedication for access to the 300 foot
lots to the South in case these lots are ever divided in half. One variance
will be needed for the lot-nextxto Mr. Austin's house which will be 111 feet
deep instead of the required 120 foot depth.
lady was answered by Mr. Hoisington who stated that desirable homes could be
build multiple dwellings.
multiples, the property would not have had to be platted.
ions being heard, Councilman Johnson offered the following resolution and
moved its adoption:
Affidavits of
A question from an unidentified
built with the contour of the land and that it would not be practical to 1
He added chat if Mr. Austin had intended to build
No further object-
E -. RESOLUTION APPROVIhG PRELIMINARY PLAT OF
WARDEN ACRES AUSTIN REPUT -
, BE IT RESOLVED by the Village Council of the Village of Edina, Minnesota, that
that certain plat entitled "Warden Acres Austin Replat", platted by Curtis E.
Austin and Valborg J. Austin, husband and wife, and presented at the meeting
,of the Edina Village Council of January 5, 1970, be and is hereby granted . preliminary approval.
Notion for adoption of the resolution
rollcall there were four ayes and no n
ATTEST:
WEST 69 1/2 STREET AGREEElkNT APPROVED.
agreement had been reached between the Village and Mr. James Hoben of France
Mr. Hyde advised Council that an
. Avenue Development Corp., rather than vacating IJ. 69 1/2 Street just west of
France Avenue as had originally been requested.
agreement the street would be blacktopped,for parking purposes at the owner's
expense and that the Village reserves the right to tear up'the improvement
at no cost to the Village should the street need to be put in.
some discussion, Councilman Johnson'offered the following resolution and
moved its adoption:
He noted that under the
Following
RESOLUTION
BE IT RESOLVED by the Edina Village Council that the Nanager and Clerk are
hereby authorized to enter into agreement with France Avenue Development
Corporation and Nicollet Minneapolis, Inc., relative to the improvement of
West 69 1/2 Street immediately West of France Avenue.
and on rollcall there were four ayes an
adopted.
HAM RADIO TOWER OTJNER ADVISED OF VIOLATION. Mr. Whitlock advised Council that
he had notified the owner of a radio tower that has been erected at 5754 Wood- )
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\ dale Avenue that he is in violation of Village ordinance. No action was taken.
c UNION WAGE NEGOTIATIONS l3JSXJSSED. Mr* HYde advised Council that the Union
has turned down the proposal of the Metropoli,tan Area Managers' Association.
As recokended by Mr. Hyde, Councilman Shaw's mot,ion that Council go on record
stating that it will consider retroactivity to January 1, 1970, at the time of
settlement was seconded by ,Councilman Courtney and carried.
PLANNING COMMISSION MEETING for January will'be held at Southview Junior High
School in order to accommodate those interested in the Western Edina Plan
Hearing.
TECHNICAL AID FROM STATE HIGmAY DEPARTMENT REQUESTED FOR 1970.r As recommended
by Mr. Dunn, Councilman Courtney offered the following resolution and moved its
adoption: -
BE IT RESOLVED, that pursuant to statutory authority, the Village Engineer
for and on behalf of the Village of Edina, Minnesota, is hereby authorized
to request and obtain from the MinnesoFa Department of Highways, needed
engineering and technical services during the year 1970, for which p.ayment
will be made by the Village of Edina uporrrreceipt of verified claims from the
Commissioner of Highways.
Motion for adoption of the resolution was
on rollcall there were four ayes and no
ATTEST :
RESOLUTION
'.
Foknal resolutions
year 1970.
adoption :
Councilman Shaw offered the following resolutions and moved their
RESOLUTION DESIGNATING DEPOSITORY
BE IT RESOLVED that the First Edina National Bank, Edina, Minnesota, authorized
to do banking business in Minnesota, be and hereby is designated as an Official
Deposit.ory for rhe Public Funds of the Village of Edina, County of Hennepin,
Minnesota, for a period of one year from this date.
Eiotion for adoption of the resolution was
on rollcall there w&re four ayes and no n
(FIRST EDINA NATIONAL BANK)
Councilman Shaw offered the following resolution and moved its adoption:
RESOLUTION DESIGNATING DEPOSITORY
(FIRST SOUTHDALE NATIONAL BANK)
BE IT RESOLVED that the First Southdale National Bank, Edina, Minnesota,
authorized to do banking business in Minnesota, be and hereby is, designated
as. an Official Depository for the Public Funds of the Village of Edina,
Councilman Shaw offered the following resolution and moved its adoption:
RESOLUTION DESIGNATING DEPOSITORY
(MIDLAND NATIONAL BANK)
BE IT RESOLVED that the Midland National Bank of Minneapolis, Plinneapolis,
Minnesota, authorized to do banking business in Minnesota, be and is hereby,
designated as an Official Depository for the Public Funds of the Village of
Edina, County of Hennepin, Minnesota, for the period of ong year from this da
Biotion for adoption of the resolution w
on rollcall there were four ayes and no
.te.
1/5/70
Councilman Courtney then offered the following resolution and moved its
adoption :
RESOLUTION APPROVING ASSIGNMENT OF !
SECURITIES IN LIEU OF BOND
(FIRST EDINA NATIONAL BANK)
BE IT RESOLVED that the Village Council of the Village of Edina, Minnesota,
approve the assignment by its depository, the First Edina National Bank of
Edina, Minnesota, of the following 'securities, as good and sufficient collateral
for the Village of Edina Public Funds deposited in said depository:
U. S. Treasury Bonds 4 l/8% due 11/15/73 $370,000.00
U. S. Treasury Bonds 4 1/4%
ATTEST :
Councilman Courtney then offereF the following resolution and moved its
adoption :
RESOLUTION APPROVING ASSIGNhiENT OF
(FIRST SOUTHDALE NATIONAL BANK)
SECURITIES IN LIEU OF BOND
BE IT RESOLVED, that the Village Council of the Village of Edina, Elinnesota,
approve the assignment by its depository, the First Southdale National Bank
of Edina, Minnesota, of the following securities, as good and sufficient col-
lateral for the Village of Edina Public Funds deposited in said depository:
Village of Edina Recreation Center-Bonds, 3.20%, due 9/1/77 $ 20,000.00
Village of Edina Recreation Center Bonds, 3.30%, 9/1/80 20,000.00
Columbia Heights, lrlinn. ISD R13, 3.30%, due 2/1/80 20,000 .oo
State of California School Bonds, 5%, due 9/1/78 20,000.00
Winona Special S/D 115 , Minn., 3.10%, due 7/1/78 20,000 .oo .
State of Hawaii, 3.25%, due 10/15/77 ' 20,000 .oo
St. Louis Park, Ninn. Refunding, 3.10%, due 12/1/75 20,000.00 .
tJillmar, Minn. Refunding, 3%, due 8/1/75 20,000 .oo
Eugene Oregon Bancroft Improvement, 3%, due 6/1/75 20,000 .oo
Ilhite Bear Lake, Minn. ISD #624, $3.70%, due 4/1/75 20,000 .oo
Blue Island, Ill. Comm. HSD #218, 3.00%, due 12/1/73 10,000.00
5,000 .OO
5,000 .OO
5,000 .OO
5,000 .OO
Slayton, Hinn. ISD 8504, 2.60%, due 2/1/71 5,000 .oo
Wash. Motor Veh Fuel Tax Rev., 3.25%, due 9/1/76 20,000.00
New York, N. Y, Various Purpose, 3.10%, due 10/1/71 10,000 .oo
Ind. Sch. Dist. 1271 (Bloomington) Henn. Co,, 4.75%, due 20,000.00
Brainerd, Minn. Imp., 2.90%, due 2/1/72
Burnsville, Minn. ISD 191, 2.80%, due 11/1/72
Dawson, Minn. ISD #373 Sch. Bldg., 2.90%, due 8/1/72
Edina, Plinn. Park System of 1957, 3.70%, due 3/1/72
2/1/79
Jt. hd. Cons. Sch. Dist. #39 Ramsey Co. & 11103 Vashington 15,000.00
Go., Minn. Sch. Bldg. Bond, 3;10%, due 2/1/83
Total $~00;000 .oo
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>lotion for adoption of the resolution was seconded by Councilman Johnson
and on rollcall there were four ayes and no n
adopted
adoption :
RESOLUTION APPROVING ASSIGNPENT OF
SECURITIES IN LIEU OF BOND
(MIDLAND NATIONAL BANK)
BE IT RESOLVED that the Village Council of the Village of Edina, Minnesota,
approve the assignment by its depository, the Midland National Bank of
Minneapolis, Ninneapolis, Minnesota, of the following securities as good and
sufficient collateral for the Village of Edina Public Funds deposited in
said depository:
I
Golden Valley, Minnesota, Independent School District #275,
Hutchinson (ElcLeod, Renville & Meeker Counties)
- 3.50% Refunding Bonds, due July 1, 1979 $ 25,000
Minnesota Independent School District #423,3.20%
Refunding Bonds, due March 1, 1980 50,000
St. Cloud, Minnesota, Independent School District 11742,
3.25% General Obligation School Building Bonds due February I, 1980 50,000
Total $125,000
, 1/5/70 5
>lotion for adoption of the resolution was seconded by Councilman Johnson
and on rollcall there were four ayes and
adopted.
ATTEST :
I
Councilman Johnson then offered the following resolution and moved its
adoption : +. I SIGNATDRY €ZSDljUTION
(FIRST EDINA NATIONAL BANK1
BE IT RESOLVED, that the persons holding office as Mayor, Manager and Treas-
urer of the Village of Edina be, and they hereby are, authorized to act for
this Village in the transaction of any banking bushess with First Edina
National Bank of Edina (Hereinafter referred to as the bank), such authority
including authority on behalf of or in khe name of the Village from time to
time and until written notice to the bank to the contrary, to sign checks
against said account, which checks will be signed by the Mayor, Nanager and
Village Treasurer. The bank is hereby authorized and directed to honor and
pay any check against such account which is signed as abovd discr:ibed,
whether or not said check is payable to the order of, or deposited to the
credit of, any officer or officers of the Village, including the signer or
signers of the check.
Notion for adoption of the resolution
rollcall there were four ayes and no
Councilman Johnson then offered the following resolution and moved its
adoption:
SIGNATORY RESOLUTION
(FIRST SOUTHDALE NATIONAL BANK)
BE IT RESOLVED, that the persons holding office as Mayor, Manager and Treasurer
of the Village of Edina, be and they hereby are, authorizedtto act for this
Village in the transaction ofzany banking business with First Southdale Nat-
ional Bank of Edina, (hereinafter referred to as the bank), such authority
including authority on behalf of or in the name of the Village from time to
time and until written notice to the bank to the c-ontrary, to sign checks
against said account, which checks will be signed by the Mayor, Manager and
Village Treasurer. The bank is hereby authorized and directed to honor and
pay any check against such account which is signed as above described, whether
or not said check is payable to the order of, or deposited to the credit of,
any officer or officers of the Village, including the signer or signers of
the check.
Councilman Shaw then offered the following resolution and moved its adoption:
RESOLUTION AUTHORIZING USE OF
FACSIMILE SIGNATURES BY PUBLIC
OFFICIALS
RESOLVED, that the use of facsimile signatures by the following named persons:
ARTHUR C. BREDESEN, JR. - MAYOR
WARREN C. HYDE - VILLAGE MANAGER
J. N. DALEN - VILLAGE TREASURER
on checks, drafts, warrants, warrant-checks , vouchers or other orders on public
funds deposited in FIRST EDINA NATIONAL BANK, FIRST SOUTHDALE NATIONAL BANK AND
MIDLAND NATIONAL BANK OF MINNEAPOLIS, be and hereby is approved, and that each
of said named persons may authorize said depository bank to honor any such
instrument bearing his facsimile signature in such form as he may designate and
to charge the same to the account in said depository bank upon which drawn,
as fully as though it bore his manually written signature, and that instru-
ments so honored shall be wholly operative and binding in favor of said
depository bank although such facsimile signature shall have been affixed
without his authority.
A
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1/5/70
Motion for adoption of the resolution was and on rollcall there were four ayes
adopted. -
ATTEST :
- DESTRUCTION OF OLD RECORDS REQdSTED.7 Upon the recommendation of Mr. Dalen, .
Councilman Shaw offered the following resolution and moved its adoption:
RESOLUTION FOR DESTRUCTION OF CERTAIN
RECORDS DATED JANUARY 1, 1959, TO AND
INCLUDING DECEMBER 31, 1959 *.I WHEREAS, M. .S. A. 412.841 authorizes the destruction of certain Village
records more than ten years old; and
WHEREAS, a list-of records has been presented to Council with a request in
writing that destruction be approved by the Council; and
TJHEREAS, the Village Attorney has approved the destmotfbn * of such records
in writing ;
NOW, THEREFORE, BE IT pESOLVED that the Finance Director is hereby authorized
and directed to destroy the following classes of recordsvdescribed in the
list submitted to the Council:
ember 31, 1959.
ember 31, 1959.
1. "All orders, vouchers and checks dated January 1, 1959, through Dec-
2. All receipts and correspondence dated January 1, 1959, through Dec-
3. All election records dated January 1, 1959, through December 31, 1959.
L
EDINA SUN DESIGNATED OFFICIAL NEWSPAPER FOR 1970.
Hyde, Councilman Johnson'offered-the following resolution and moved its
adoption, designating the Edina Sun the official newspaper for 1970, said
publication submitting the only bid received and stratntory rates as set by
Minnesota law of $1.80 per folio for the first insertion, $1.20 per folio
for each additional insertion, with tabular matter rate at 60c additional on
the first insertion:
RE SOLUTION
BE IT RESOLVED by the Edina Village Council that the Edina Sun be designated
As recommended by Mr.
I
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ATTEST :
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$2,500,000 GENERAL OBLIGATION ADVANCE FUNDING HIGHWAY BONDS 5;SSUANCEJ&UTHOR- - IZED. As recommended by Mr. Dalen, Councilman Shaw offered the following
resolution and moved its adoption:
RESOLUTION AUTHORIZING THE ISSUANCE OF
$2,500,000 GENERAL OBLIGATION ADVANCE
FUNDING HIGHWAY BONDS, PRESCRIBIhZ THEIR
TERMS AND FORM AND PROVIDING FOR THEIR PAYBBNT
BE IT RESOLVED by the Village Council of the Village of Edina, Hinnesota as
follows :
1,
sale of $2,500,000 Advance Funding Bonds of jzhe Village to expedite and
facilitate the construction of a highway improvement project on Trunk High-
way No. 100 at the intersection of West 77th Street in the Village, pursuant
to a contract with the Commissioner of Highways on behalf of the State of
Minnesota, all in accordance with the provisions of Laws of Minnesota 1969,
Chapter 260, which law was approved by resolution of this Council adopted'
May 19, 1969.
2. Said bonds, having been sold at public sale, shall be delivered to the
purchaser thereof forthwith.
Funding Highway Bonds, shall be in the total principal amount of $2,500,000,
shall be dated as of January 1, 1970, shall be 500 in number and numbered
from 1 through 500, each in the denomination of $5,000, and shall mature in
I This Council, by its resolution dated October 20, 1969, authorized the
The bonds shall be designated as Advance
1/5/70 'B
order of serial numbers and without option of prior payment in the amount
of $625,000 on July 1 in Each of the years 1974 through 1977.
in the years and bearing the serial numbers set forth below bear interest
from date of issue until paid at the annual rate set forth opposite such
years and numbers, respectively:
Bonds maturing
Maturity Years Serial Numbers Interest Rate
1974 1 through 125 , 5.40% -
1975 and 1976 126 through 375 5.50%
1977 376 through 500 5.70%
each bond shall bear additional interest, represented by separate and detach-
able r'B't coupons appurtenant to each bond, from May 16, 1970, to January 1,
1971, at the rate of 1.20% per annum.' Interest on the bonds shall be payable
July 1, 1970, and semiannually thereafter on each January 1 and July 1. Both
principal and interest shall be payable at The First National Bank of St.
Paul, in St. Paul, Minnesota. The Village hereby agrees to pay reasonable
and customary charges of said paying agent for the receipt and disbursement
of such principal and interest moneys.
3.
cate on the reverse side thereof, shall be printed in substantgally the fol-
lowing form:
The bonds and coupons appurtenant thereto, and the legal opinion certifi-
-8 UNITED STATES OF AMERICA
STATE OF IIINNESOTA
COUNTY OF HENNEPIN
VILLAGE OF EDINA
ADVANCE FUNDING HIGHWAY BOND
No. $5,000
KNOW ALL MEN BY THESE PRESENTS that the Village of Edina, Hennepin County,
Minnesota acknowledges itself to be indebted and for value received hereby
promises to pay to bearer the sum of FIVE THOUSAND DOLLARS on the 1st day of
July, 19 , without option of prior payment, and promises to pay interest on
said principal sum from the date hereof until said principal sum is paid at the
rate of five and hundredths per cent (5. %) per annum, and
promises to pay additional interest on said principal sum from May 16, 1970,
to January 1, 1971, at the rate of one and twenty hundredths per cent (1.20%)
per annum. Interest to maturity is represented by and payable in accordance
with and upon presentation and surrender of the interest coupons appurtenant
hereto, which are in two sets, one set representing interest at said basic
rate from date of issue to maturity, and the other set, designated as "B"
coupons, representing interest at the additional rate and for the limited
period stated above. Interest is payable on July 1, 1970, and semiannually
thereafter on each January 1 and July 1. Both principal and interest are.
currency of the United States of America which on the respective dates of
payment is legal tender for payment of public and private debts. For the
prompt and full payment of such principal and interest as the same become due,
the full faith, credit and taxing powers of the Village have been and are
hereby irrevqcably pledged.
all of like date and tenor except as to serial number, maturity date and
interest rate, issued for the purpose of obtaining funds to be advanced to the
State Conbissioner of Highways to expedite a highway improvement within the
Village, and is issued pursuant to and in full conformity with the Constitu-
tion and laws of the State of Minnesota thereunto enabling, including Laws of
Minnesota 1969, Chapter 260, and pursuant to resolutions duly adopted by the
Village Council.
Highway Bond Fund of the Village, but the Councillis required by law to pay
maturing princkpal and interest outsof any funds in the treasury if moneys
on hand in said Fund are insufficient therefor.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts,
conditions and things required by the Constitution and laws of the State of
Ninnesota to be done, to exist, to happen and to be performed preliminary to
and in the issuance of this bond 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 a8 so required; that prior to
the issuance hereof the Village has entered into an agreement with the State
Commissioner of Highways to advance to the Commissioner the proceeds of the
bonds of this issue to expedite highway construction, and the Commissioner
agrees to repay the principal amount of such advance in annual installments,
out of the state trunk highway fund, which repayments have been pledged and
appropriated by the Village to the Advanae Funding Highway Bond Fund; that,
if necessary to pay such principal and intereht, the Village is required by law
to levy ad valorem taxes on all taxable property within its corporate limits,
without limitation as to rate or amount; and that the issuance of this bond
does not cause the indebtedness of said VillTqge to exceed any constitutional
or statutory limitation of indebtedness.
c payable at The First National 3ank of St. Paul, Minnesota, in any coin or
This bond is one of an issue in the total principal amount of $2,500,000,
This bond is payable primarily from the Advance Funding
1/5/70
IN IJITNESS WHEREOF the Village of Edina , Hennepin,County, Minnesota, by
its-Village Council, has caused this bond to be executed in its behalf by the
printed facsimile signature of the Mayor and the manual signature of the Vil-
lage Manager, and sealed with a facsimile of its official seal, has caused the
interest coupons hereto appurtenant and the certificate appearing on the
of said officers, and has caused this bond to be dated as of January 1, 1970.
reverse side hereof to be executed and authenticated by the facsimile signatures F- 0
(Facsimile signature)
Mayor
At t es t :
Village Manager
(Fom of Coupon)
On the first day of July (January), 19 , the Village of Edina, Henne-
pin County, Minnesota, will pay to bearer at'The First National Bank of Saint
Paul, in St. Paul, Minnesota, the amount shown hereon in lawful money of the
United States of America, for interest then due on its Advance Funding High-
way Bond, dated January 1, 1970.
No. $
(Facsimile signature) (Facsimile signature)
(Form of certificate to be printed on the reverse side of each
Village Nanager Mayor
bond, following a full copy of the legal opinLon..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 VilIage of Edina,
of delivery of and payment for the bonds.
(Facsimile signature) (Facsimile signature)
Village Manager Mayor
The bonds shall be prepared under_ the direction of the Village Clerk
and shall be executed on behalf of the Village by the printed facsimile signa-
ture of the Mayor, attested by the Manual signature of the Village Manager,
and sealed with a facsimile of the official seal of the Village.
reverse side of each bond shall be printed a copy of the legal opinion rendered
by bond counsel and the certificate of the Mayor and Manager relating thereto'.
The legal opinion-certificate and the interest coupons appurtenant thereto
shall be executed and authenticated by the facsimile signatures of said Mayor
and Village Manager. When the bonds have been so executed and authenticated,
they shall be delivered by the Treasurer to the purchaser thereof upon payment
of the purchase price in accordance with the contract of sale heretofore made
. and executed, and said purchaser shall not be obligated to see to the applica-
tion of the bond proceeds.
Advance Funding Highway Construction Fund established below.
There is hereby created a separate fund of the Village designated
as "Advance Funding Highway Construction Fund", from which payments to the
State shall be made upon written request of the Commissioner of Highways in
accordance with the contract hereinabove referred to.
the Village on investment of such bond proceeds shall be credited to the
general fund.
6.
fund which the Village agrees to maintain until all bonds payable therefrom
have been paid in full.
ficient to pay principal and interest due on said bonds, such amounts shall
be paid from other funds of the Vil'lage, and such other funds shall be reim-
bursed therefor when sufficient money becomes available in the special sinking
fund. Noneys repaid to the Village by the Commissioner pursuant to said
contract and Chapter 260 shall be credited to the sinking fund and used solely
for payment of bond principal and interest.
pledged to the payment of the bonds and the interest therein.
levied for this purpose at this time since it is estimated that the amounts
to be received in reimbursement from the state, together with moneys alloted
to the Village from the municipal state-aid street fund, will not be less than
5% in excess of the amounts needed to pay all principal and interest when due
on all bonds herein authorized.
County Auditor of Hennepfn County a certified copy of this resolution and to
obtain from said County Auditor a certificate stating that said bonds have
been entered upon his bond register!.
orized and directed to prepare and furnish to the ptirchaser of said bonds and
to the attorneys approving the legality ofthe issuance thereof, certified
copies of all proceedings and records relating to said bonds and to the finan-
cial affairs of the Village, and such other affidavits, certificates and
information 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
4.
On the
The proceeds shall be deposited in the 1969
5.
Any interest earned by
The bonds herein authorized to be issued shall be payable from a
If the money in said Fund should at any time be insuf-
a
7. The full faith, credit and taxing powers of the Village are hereby
No tax will be
8. The Village Clerk is hereby authorized and directed to file with the
9. The officers of the Village and said County Auditor are hereby auth-
sach -
fcsished certified copies, certificates and affidavits including any heretofore
1/5/70
- I shall be deemed representations of the Village as to the facts recited
therein.
Dalen, reviewed and ordered placed on file by motion of Councilman Shaw,
seconded by Councilman Courtney and carried.
CLAIMS PAID. Motion of Councilman Johnson was seconded by Councilman
Courtney and carried for payment of the following claims: General Fund,
$19,745.94; Construction Fund, $1,524.23; Park, Swim Pool, Golf Course,
Arena, Park Constkuction, $8,546.83; Water Fund, $1,180.13; Liquor Fund,
$2,953.13; Sewer Rental Fund, $143.02; Total, $34,093.28.
The agenda’s business having been covered, Councilman Shawls motion for
adjournment was seconded by ‘Councilman Courtney. Adjournment at 7 :35 p .m.
BL- 23- z5LoG&AQ.
Village Clerk