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<br />" <br /> <br />['i;inutGS bf i<e9u1ar C:>une!1 ~;e~d-in9 <br />Pa98 two <br /> <br />J an u a ry 3, 1977 <br /> <br />Popovich suggested ',hat Arden Hi Its obtain a bond rating, and noted, <br />in recent Minnesota Municipal Sales. how good ratings affect the <br />net interest rate obtained. <br /> <br />. <br /> <br />1977 anticipated financing for possible improvements was discussed: <br />could possibly have feasibility repor1' re Karth Lake Improvement by <br />March I and sell bonds June I, 1977. Popovich noted a cost advantage <br />in seilirlg bonds for both the f'efunding and Karth Lake Improvement <br />issues at the same time: also advised that if issues are not <br />combined a 3 month separation between sales Is desirable. Popovich <br />advised he would need at least 3 weeks to gather information: <br />could sell bonds on February 14 - 1,5, if Council authorizes the <br />refunding by about January 15th. <br /> <br />After discussion, Crichton moved, seconded by Hanson, that Council <br />adopt Resolution No. 77-4 RESOLUTION PROVIDING FOR PUBLIC SALE OF <br />$500,000 GENERAL OBLIGATION REFUNDING BONDS OF 1977; time and place <br />of sale to be February 14, 1977, <'It the Arden Hi I Is City Hall at <br />8:00 p.m.; authorized execution of the Resolution by the Mayor and <br />Clerk Administrator. Motion carried unanimously. <br /> <br />Donation for Vi Ilage Publ ic Services - the Presbyterian Homes <br />Mayor Crepeau acknowledged the Vi Ilage's receipt of $500.00 from <br />Presbyterian Homes for publ;c services rendered by the Village, <br />and requested the Clerk Administrator 'ro express the Council's <br />appreciation In a ietter to Presbyterian Homes. <br /> <br />Resolution No. 77-1. Desi~nation of Depositories and Corporate <br />Authorization ReSolution <br />~,'oodburn moved, secOllded by Crichton, that Counci I adopt Resolution <br />No. 77-1, DESIGNATION OF DEPOSITORIES AND CORPORATE AUTHORIZATION <br />RESOLUTiON, Motion carried unanimously. <br /> <br />Resolution No. 77-2, Designation of Additional Depositories For <br />Investment Purposes , <br />Crichton moved;-seconded by Wingert,. that Council adopt Resolution <br />No. 77-2, DESIGNATiON OF ADDITIONAL DEPOSITORIES FOR INVESTMENT <br />PURPOSES, authorlzinq .~merlcan Netional Bank of St. Paul, Northwestern <br />National Bank of St. Paul, First National Bank of Minneapolis and <br />Northwestern Nationa! Dank of 1\1inneapc!!s as additional deposl-i-ories. <br />Motion carried unanimously. <br /> <br />Resolution No. 77-3, Resolution for Transfer of Funds by Telephonic <br />Instructions. <br />Wingert moved, ssconded by Hanson, that Council adopt Resolution <br />No. 77-3, RESOLUTION FOR TRANSFER or FUNDS BY TELEPHONIC INSTRUCTIONS, <br />authorizing Donald Lamb, Charlotte McNiesh and Charles Crichton <br />to make telephonic transfers. Motion carried unanimously. <br /> <br />1977 Committee Appointments <br />Wingert moved, seconded by Hanson, that Councl I <br />Committee Appointments as amended and attached. <br />unanimously. <br /> <br />approve the 1977 <br />Motion carried <br /> <br />. <br /> <br />Claims <br />McNiesh referred Councl I to additional cl~lms and requested author- <br />ization for paymant: <br />PERA - $2,2D9.n <br />Metro Waste - $7,271.17 <br />Human Ri ghts SpE,akers Si i I Hop!<ll1s <br />and John Sc:'atzleln - $50.00 each <br /> <br />Woodburn moved, ~econded by Crichton, that Council authorize pay- <br />ment of the cll:>ims as pr3sented. Motion cClrr;ed unanimously. <br /> <br />E_~ck I~LM~S'-R~~~tl!19 A~.R~a I ot \~eeken.? SOO\1 Remova I Personne I. <br />~lcN!esh referred Cour.d I to memo 'frQm Suckley requesting permission <br />1'0 hire either Doug Fish or Gary Pa~pcnfus to romove snow from rf~lks <br />on weskl3nds ~ <br /> <br />Cri chton moved, seconded by 'vocdbuf'l', i-hat Council authori ze the <br />hiring of either DouS Fish or Gary Fappeofus at rates designated in <br />mBfi'lO~ [\~otil,)n carried unanimously. ' <br /> <br />-..2- <br />