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CC 05-06-1959
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CC 05-06-1959
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<br />. <br /> <br />. <br /> <br />35 <br /> <br />over two mll Hon dollars. We hsued a million dollars worth of <br />bonds 6 months age and another million will be issued 2 weeks <br />from now and we try tc keep the bonds issued to have money on <br />hand as construction proceeds and we will have ene last issue <br />to wipe the whole thing up. In a smaller deal like this of <br />$130,000 we issue at ene time but we can't issue until all <br />contracts have been let. <br />MR. PROVElCHER: Then apparently the size of this would <br />not propose any particular difficulty due to the fact that it <br />would have to be spread over a 2 year period for mechanical <br /> <br />reasons. <br /> <br />MR. POP0V]CH: It's a practical problem. A 9004 thing to <br />know is how big is the ultimate going to be so you can plan <br />fer it. And, of course, you're in the l~unds View Schoel District <br />and they have problems teo you know, and we want to fit these <br />things in together. The Villagecf Arden Hills is in good shape. <br />They have very little debt and actually themselves can undertake <br />this kind of finaneing. This is not considered net debt anywa, <br /> <br />beeause it's special assessments. <br />MR. PROVENCHER: Is everybody assessed $.60 a foot on this <br />shaded area? <br /> <br />MAVOR ASHBACH: That's part of the $12.60. <br />BARTHANY <br />~~./RRiYi~WiR: Just approximately how long will it b. <br />before we get sewer in that area? <br />VAYOR ASHBACH: Your are~ is dependent on what Roseville does. <br />Ml.. mENNAN: V'e've been waiting for Arden Hills. On the west <br />area we're waiting for Mr. Popovich. <br />1~. POPOVICH: I'd say not before cne ;year. It would be a <br />year from now before they could start construetion and I think if <br />
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