HomeMy WebLinkAboutCC 03-27-1961 (2)0
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biINIITES OF t��UT�,R n�TIIdG
COiNCIL OF VILIAGE, OF ARDEN HII.IS
114arch 27, 196Z . _
Meeting called to order bg &;ayor ,�shbach st 8;00 P.T+4.
ROI,L CALL: Pr.esent; F,shbacY�, ?tennedy, Crepeau, Olmen, 5tromquist
plso Attending; Uincent Courtney, Viliage Attorney
Roger Siiort and Carl �randt, Bannister Eng.
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The minutes of the D:arch 13, 1561 meeting were approved aa submitted.
PUBLIC HBAfrIlQG ON SEf7V A BOAT PETITION
A4s�. Richard i�.�oore, attorney, spoke on eehaif of his cl3ente, n7r. Lewiis B.
ll�Tiller and 1as. Robert GilJ., oificers of tne Sery a Boat Corporation. The
Sery a Eoat Corporaticn is petitioning for a permit.to erect a track for
Go-Carting on Parkin� Lot rr501 0❑ property in the areenal this cor•poraticn
has leased from the Government. The 'Prack, as shown by eketch, viould be
irregular in shape rather than an oval epeedway.
A question and answer period fellowed;
P.,a�or Ashbacn: Do you have carts there to rent?
I�,r. I�oore: No, carts are brou�ht in by the ovrner. pt eose point tn�s
project could develop into a rer.tal bssis and have
concession type carts.
I�ayor Ashbach: Hocr big are the carts? V��hat horse po�ver - what is the
noise problem? .
31s. Moore: The carts have a two cycle engine. The arsenal people asked
that a noise test be conducted. This was done. A person
located outside the £anca oP the arsenal ielt the noise was
not objectionable wo the project was approvsd by the arsenal
people. The noise is not as breat as that of the Diesel
trucks roaring by on the nighways.
P.eaident: Do the carts have a muffler2
?lfr. 1?oore; Competition type.carts do not have R muffler as muif'lers
cut down the povrer.
P,esident: Ho�� fast do the carts go?
?�r. L"oore: The cart operators ara there to ��rin a race tut the �port
embraces skill in operating as H�e11 ae speed. They �o up
to 30 miles or more an hour.
Rosident: Do the carts have two motors in tP�em?
� NIr. i�?oore: Some do - somo �o not, This sport started three or four
years ago and at that time the carts had only one motor,
novr some do have t�vo motors.
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MINL'TES OF fiEGIII.4A P��ETING,COUrdCIL OF 'dILIAGE OF �;RDEiJ HILI: ,?r�R. 27,156I
Pa�e 2._ _
• Resident: VJi11 there r,e any restrictions on t'r�e number racing at one
time or wnether they wi11 have muf£lers or not? Fiow rr,ang were
at the test? �
Ns. Proore: Two or .three carts took part in the test.
Resident: Does this sneap you v�ill restrict the operation to two or three
carts at one time?
Nir. ;,ioore: (At this time i�:r. Yoore intrc�uced Itir. Lewis B. Miller and
Ms. Robert Gill, o=licers of tne Serva a Eoat Corporation)
He went on to st�.te that tPJel„e carts run at one time in
co�r;petition.
P,esident: Iiow long do t:ie car�s run at one time?
P�Ir. i�oore: This is determined by lapa. The Ga Cart of America has many
re�ulations and reetrictions which must be adl:ered to.
pesideni; Is this similar to the Go Cart cperation granted to Nevr
Brighton2
iVIr. �oore; This is not a concession type opa.ation.
Resident: This ia not a question of noise to me but what is to prevent
• a boy from coming to the track with his home-ma.de cart?
N's. Noore; A competitive txack has to be operated by strict regulations,
� boq and 'nis cart would not be tolerated. T?�e operators and �..
users of this type of track have a kean sense o; responsibility
to the safaty factors and to reaidents in the area.
Hesident: How is track supperted?
;"r. PRoore: The paople who own carts help. At times when thore is
oompetition admission is charged. There would be concessionsF
however no beer or intox:icating beve'rages are sold.
..iayor Asiibach; Do you go throu�h the arsenal gates to get to the track?
'_�tr, I;�oore: Gates 4 and 5 on Snellin� <^.�'e., just past the intersection o£
"= Hi�hway 96 would be used. There would be no traffic problem.
Yayor Ashbacla: How do they get the carts there?
Ivs, ir:oore: Owpers haul theni in station vragons or drive them to track.
Resident: It seeme to me the noise of ��en or twelve carts !vould be
greater going in and out o� turns cn this irregular type
track than tiiat produced on an oval track.
� i�?r. Noor4: On an oval track carte gain apeed. Thia irregular type track
brings out the drivers skill in handling the cart and they do
not produce as much noise. Ch3ldren will not be allo�^�ed to
x-ander across the grounds. Parents must accompany them into the
grounds. The entire araa is.fenced �nd a specia7. fence would be
Luilt arcund the track.
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ARDEN HILLS REGUL„qR COIINCII, NfEETING -?�farch 27, 1961 - Page 3
1
Mr. F'. I�". 1ufcQuistan - 5090 Lexington Ave, No,; I am from Shoreview
• living at the nort:�ern boundary of Arden Hills ao Z am
interested in this project. I have.recentlq heard of Go Cart
riots in Keqosha, 1'r3sconsin v+here this tgpe of track is
operated.. Carts are illegal in Illinois so kids �o to Kenoaha.
They operate carts without mufflers - noise is heard 3/4 of a
mile away. The leather jacket crowds collect and 300 residents
in and around Kenosha have signed an injuncticn to have tnis
track removed.
IV�x. Shoore: Look at the cost of the equipment, etc. and you rvill see it
does not attract the leatner jacket groups. I will be willing
to furnish ;�ou lists of oavners of these carts.
i�ir. Jim R�iller; 3iscussed from an engineers point of vierr the actual
measuroraent of noisa and how much noise theso carts would
create.
Jr. Sekhon: How much taxes will be paid the village?
11:r. Tqoore: Village can make some kind of an assessment.
Dr. Sekhon: Do you charge by Go Cart or bg Horsepower?
P;tir . T?oore : By Go Cart .
Dr, Sekhon; :iow many o£ these tracks �o you have?
• .�1r. J�oore: I am tlle lawyer serving clients applyin5 for thie project,
Resident; 1s t:�is the first of its kindY
h2r. ��oore: Go Cart tracks such as we are talking about are located in
Hastin�s, Shalopee, hRound; Anoka.
P,Ir.P�cClung: 4307 Snelling Ave. No. - I am @efinitely opposed to the traek.
I live 3�4 mile from where it would be located. It has no
bene£it to an;,-one in Arden Hills. There would be no tax
revenue to us, It is not in keeping m�ith the character of
Arden Iiills. I also question the zoning.
i�r. 14iooT'e: ,1'ould you be w311ing to have a noise test run?
�fr.MilJ.er: �a"hat were factors in test alreadg run?
b'Ir. Moore: Our clients would k�e willing to run a test as prescriUed by
the Council.
Pdr.A�ewman; 4051 i%alentine Court -:Ve've had much discussion about the
Go Cart track being detrimental - wnat on the other hand
would be the good from it in this community?
• N:r. i'�foore� Is tre commur.ity you are thinking oi Arden Hilis or St. Paul,
Roseville, etc. 4':e have to think of the manufacturers who
put out this equipment, the emplo�ment because of it and the
developmont of a newsport.
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MIPILTES OF REGULl1R ARDEi� �ILLS VILLAvE COUrlCIL Pd'EETING - BSarch 27, 1961
Page _ S µ
PJ1r. Guyer; 1484 �'?. :�ighvray 96 presented a petition signed by Arden Hills
residents agsinst this track. (attached)
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Mayor Ashbach: ih'e have had a lot of discussion, nox� what does the Ceuneil
a�ant to do?
��Is.Kennedy: Public ltielfare Chairx�an - Our cor.iraittee considorad the matter
with the facts available and vre rejected the Co cart concass-
ion request of last fall, not only as a noise factor but
because of location wYiich was to be on Hibhv�ay 10 flcross fror.i
Iv?cu'-uires Lounge and next to Harkens Driving Range. Our Com-
mittse was told the 2 cycle engine used for racing is more
noisy tnan the 4 cycle concession machine; however, we did
feel the locatien cor.sidered here a�as more removed from tha
residents so they would ❑ot object. The tax was no drawing
card. It would bring in a form of fun and entertainment for
villagers, the noise was =ts only objzction. The Lesee must
ad'nere to the village rules.
P.�Iayor Asnbach: 41i11 they have muf£lers?
I�,r. h400re; Competitiop carts have no mufflera, some of the others do,
A:a;or Ashbach; 'Nould the requirement c� mufflers impair the use of the
track?
Mr. ivIoore: Yes it would. It would also �vzrt the interest of the
epectators.
Mr.Lewis P�tiller: Officer of Sery o Boat Corp. stated that one of their
men got a big kick out of this sport ar.d was ent�usiastic
about the project. He went on to state that he wae a business
raan, not an expert on tnis sport and if tiie track �ould cause
a lot of noise theSr would not be interested in it either. He
amphasized that they do not want to put something oser on the
residents.
He would be interosted in taking 12 carts, tne xnaximum in
competit��n, of the laa•gest and noisiest variety, have a test
run for noise and if t:�is proved too noisy thep let�s not
even consider it.
It will take w10,000.00 to construct this track and if within
a snort time the residents aan �t becaysP of tne noise,, the
oificers would rather knotiv this now thsn later.
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Dr. Selchon: lNould Arden Hills police have to supervise this operation?
P!`.T. ir311er; W1e have talcen t:zis up �ith the arsenal personnel apd thay
have a secus�ity meaeure. A guard arran�;emant �ti�ould have to
Qe made in view of the arsenal by S.ery o Boat Cos�p.
;�s. iV!oore: There would be no call on authorities of Ard.en Hills.
Resident: Plh�t ebou� traffic in aqd out of the track?
B?r. I�:oore: The access road is completely clear,the traffic would be at a
minimum, If traffic became a pro4lem on the Hi�qh�vey the
cooperation of the State Highway Dept, is available,
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➢YIN'JTES OF ??F.GJIF,k ,P.RD�N 3ILIS V2LI�E�G� CO�N�IL R�ElT�G - h4srch 27, 1961
P_ a�e. 6
• I�;eyor Ashbach: VJe wculc3 be �villing to t ake up the proposition of Sery o
Boat Corporation�s neise test. iie nas�ed several of the me4
who had spoken earlier, vrho, if they could take the tirne,
should be available wlien this test is run.
:�:r.IvicClung: I feel I+rrould be biased, this projact ha� no advantag,e and the
community has seqt a petitiop a�ainst the project.
Jia� ?�iller; I agree with P�r. I�,�eClung but �vill go alcn� v�ith the test. It
is a t�ing v;o do not want here. I�vill be happy to gatf�er
data and :rri11 attempt to borro�+.r a sound level meter.
I�'Iayor Ashbach: I:�ave met Ivir. idoore before but nave not met any of the
other Men of Sery o i�oat Corp, rIo�vever, if these men are
wiliing to invest in Arden ?Ltlls vri11 tnis attract other
investments3
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N�r.Crepeau: I�Nill be willing to listern to the test.
3i:rs. Stromquist: Tne people are opposed. Perhaps it has its good points
but no advanta�e has been pointed out for us in having it.
i:owever, I would be willing to hear the test.
ivir, Kennedy moved, h'�r. Crepeau seconded a motion that arra7gements be
�nade. for a noise test tne date to be made knovrn to Council sufficiently
in advance so a good cross section of the community could listen and
determine the noise factor. Carried.
�JIr. Jim Miller expressed inUerest in whether the maximum n�mber of carts
and horsepower could be gathered for the test.
T�4r. Moore suggested n,s. Jim Niller help work out the details.
REZOIdIDIG Or DR. HOUI,E'S PftOTECT: This was in r�egard to Dr. Houle�s
oeti ion to.rezone propert3r for purposes of constructin� a rest home. The
matter e�as originally opened for rublic hearing at the regu].ar arden riills
Village Council meeting of February 27th but tabled for a vote until },4ayor
Ashbach returned from his vacation so that it vrould be a itill Council vote.
i��syor Ashbach; I would not vote for rezoning of this property unless
r. Houlo would present a plan of his building and grounds
to the Council that vrould laeet with the reside�ts of the
community. In f'act a cormnittee of re9idents should be
appointed to v�ork with Dr. Honle, his architect, etc. to
word out a reasonaale and ecceptaLle plan then we would
vote on the rezoning and a building permit at th.e same
time.
Residents exg�ressed anxiety at �rhat Dr. Eoule might want to put ip the
additional property he owns. i�dayor Ashbach suggested 'ne would not vote
for rezoning of any pr•operty other than that needed ior nuraing home.
Don Engle: Aren't vae multiplgino our problems by granting this area
rezoned - at a lator date v�ill wa '_�zve to grant further
rezoning?
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hiliv�TES OF R�GUTAR qRDETT HILiS V;.LI#�GE COLi�tCIL Iv�TING - T�Zarch 27, 1961
Page 6 -
Jo Bessarfl;- I_i�hrvay 8-'v'illage is luck5 to �et tne nursin� home as a
� buffer. A lot of communities v�ould buy the property and
don�te it to a man v�:ho would be willing to put �:p t:iis kind
o£ a building.
P,?ayor Ashbach; For examplo, the Pres}�yterian Hcme - most o£ the propertg
owners have built after this buildin� vaas eTectod,
Dr. Houle: This bvilding would be state supervised and licensed.
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n,rs. Lund: County Read F- the people were taken by surprise several
months ago ��rhen Dr. Houle asked about the rest home. They
had come to discuss his patition for rezoning for multiple
d�^relling. After they had a chance to think_ about the rest
home the residents are mpposed to the rest home itself.
The residents exprPssed their opposition to this project completely and
asked the Council to consider the number of residents signing the petitions
against buil8ing a res� home.
t�s. Scott Cotivan: �, member o� irTr. Kennedg�s comm.ittee on zoning asked -
what is the integrity oi �,rden Hills as regards rezoning? Do
�xe come to an area where kno�cn zoning is and then later be_
faced vrith chanaes - e.re we secure or are vre subject to
changes? �
T� yor Ashbach: Zoning cannot be static. It must meet the changing times.
Pllr. Newrcan: Valentine Court -:uzs changed his mind many times but nov.
favors the rest hom.e.
N!r. Bartsch: 1E14 l"•i, Countg Rd. F- defi nitely opposed.
P�?r. Kennedy: At the hearing on the expaneion of the Anoka ,Airport I heard
that Arden :Iills, like North Oaks, was not after bueiness.
The Council is e.fter business but are fussy* about what kind.
and try to go along with the best advanteges to the Village.
P4rs.Lindquist: L'alentine Court - I can�t understand why a rest home is
considered on propert5 across f'rom the hi�;h school whexe
there is so much noise, etc.
Dr. Houle: The state wants rest hcmes built in villages rather than the
country as the patients want to see things and hear them.
>u?rs.Lindquist: Is the rest home to be for ambulstory patients.only?
Dr. Houle: It will have all three types of patients.
Mayor �shbach stated tnat council h.ears all petitions of residents, that
is why there is alvrays hearinos on rezonin�. This comment w�as in rebuttal
to those residents who questior.ed why the council i� slways considering
rezoning.
Ms. Kennedy stated that the question resolves itself to rezone for business
fos the good of the aillage or not to grant rozoning per se because i.t was�
zoned at one time for residences and shot�l3 never re changed. Tax�vise
triis rest home would be ;;ood for the villEga, lt �:rould not burden the
schools.
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PdINUTE;S OF R�GJI,4R AY.D�Zi HII.IS VILI,AGE bOUNCIL i�ETIiQG - March 27, 1961
. Page. 7
b�. iIa�^rkinson requested the council to take d.efinite action.
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• P,1r. �iennedy stated that after �reat considera+�ion of the facts, he and
his committee .favored the rest nome; however, since the council represents
the residents and since there is so much opnosition to the rest home, he
moved, iv?r. Crepeau seconded, the petition be refused. Iris�s. Stramquist also
stated she could not understand the opposition Uut would go alon� with the
motion. Carried unanimously*. ,
T�irs. Schact questioned deed restrictions. These do expire but village
coding holds.
PtiBL�C YTORKS COi��SITTr'� REPORT - tl:r. Olmen stated that he has 5een v�orking
w eng neers ri s.on�_w�.th plzns for permanent type roads. In the
meahtime machines have been blading, cro�vning, and ditching the roads.
Fill can now es Fut in as £ro�t is out.
N?ayor Asnbach expressed the council�e sppreciation to the residents of
the couunu7ity for their patience with the road problam.
P.7rs. L•uod sug�ested sve concentrate as a village to r•:crk o❑ arcas zoned
commercial,
h�ayor Asrbach announced tY!at steps are under P!ay to initiate a Citizen's
Planning Comr�ittee, brokon down into recreatiop, etc.
Pvlr. Trobangh, a res�i�ent next door tio Jehovah+s �9itness church again
� aopeared before the council tivith ccmplaint of drainage of water and mud
from the ehurch�s park3.ng lot $oin� into his yard. i+Rust have something
done. P�r. Olmen has attempted to contact someone in charge on this
rr.�tter and will follcw tl-:rough again.
Dr. Sekhon canplained of poor drainage which affects his driveway.
Referred to Mr. Olmen wno will combine tizis problem with tnat of the road
damage caused near ?Qazareth Hall�s new high school and c�ork them out
tooether.
2v�r. Carl I.anger, Johanna Blvd. asked z��hy se��rer is still not in? INr. Short
explained.,tnst all easemeots have not come in. Refarred to Olraen.
resident at 4014 N, Fairvie�v :zas a drainage problem. RePerred to Glr�en.
t�?r. ^+Ielban Fish, Civil Defense DiTector .for the Village of �rden rills
asked if there is aq ordinance on Civil Defense, t�4rs. Strorr�quist said
we do not have. :rir. Fish bresented a sample copy of one. He also
presented � eh��kefer';�1��'.00 for a Bell and Lights. �e.explained that
to continue securing matching flznds irom the "r'ederal Government a�e raust
ccnform with Civil Defense stan�ards, having an ordinance, etc.
�,NGINEER�S REPORT: Sclr. R.oger Short �nd i�r. Carl Brandt of Fsannister
:bng neer ng presented plans for road improvements. Much discussion wae
hafl on hory tc set up the road improvement prograra - shall it cor:espond
� to Sanitary Sewer I�,prover�ent or shall it be ona big improvement, etc?
Se�ver Ltt:provement #3 needs storm sewer at Glenarden Road and Tiller Lane
needs underground drainage.
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MINUTTS Or�' R�GUT�R AfiDElv HILIS V�LiAG�s GOUNCIL i��ErING -�arch 27, 1961
Page 8 .
It was decided to have preliminarg hearinos for the residents of the
•different areas getting their ideas as to what they want� then let bids
and :�ve a legal nearing at the same time. The foZlotiving dates were set:
Wed. �.pril 5th Por residents �Jest o£ Lake Johanna
I,ake Johanpa School.- 5:00 p.m.
Thi;rsda;� ppril 6th - resider.ts East of I,ake Johanna
I.eke Johanna 8chool - 8;00 p.m.
Tuesday April llth - resid.ents of Shorewood .Iills and
Valentine Hills
Arden Hills Village Hall -�:OG p.m.
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PI1r. Kennedy presented copies to the council o� ;xia final draft of the
subdividing ordinance. He su�oested it be studied carefully before
voting on it.
CI,�"RK'S R�PORT: Mrs. 8tromquist resd a letter dated iviarch 23, 1961 from
E. J..Prescot �C Co. :e: purchase oi Jills�re bonds.
A lettor dated March 18, 1961 frcm Richard Tones, State Representative
was read re: bill allowing Village Council to put in water system in
t�eir village without an election by residents.
Also a lettar dated ��.arch 20,1961 from Richard Jones re: introduction of
a bill for uniform traffic tickat.
A raquest was made by ivorthern States Po�•�or Co. to put in gas mains on
Lexington fre�,� Cannon to Ingerson Rd. Phr, Ceurtneg is to check on damages
?d.S.P. mignt owe us for roads. I�?x. �Cennedy moved, Mr.. �x�epeau seconded
N.S.P. be per�itted to construct gas.ma�ns as requested.
;sFr. Crepeau moved, I�r. Kennedy seconded change order ;�3 on project �l,
Imp. ;�2; and change order �3 on Imp.,�3 of credit� due to use of lighter
f'rames than specified be allol�+ed. Casried.
Pdotion made bg Kennedv, seconded by Stromquist, that the earnest ::ioneST
contract for Easament ,-�'3038 i❑ Sevrer Impr. �3 be approvsd. Carried.
��tr. Kennedy moved, PLr. Olmen seconded clr�ims be allovred as follows:
Payroll - Cnecks #23
Gener�l £und - Cnecks
Special rund - Check�
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Meeting adjourned at 12;00 p.m.
throu�h �'37
#65 through �97
�1049 tnrough �'1061
CJ��o . C�'V� �.�-
: obert Aehbach, -n�;9yor-
s -�-r�
Lorrfline Stremquist, Cle .
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, �CEE'L� � Oi HiT1'a2�@t6 Oi M@C$32i$ �
Of Y� �atfiC9.].
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t�h 2�, 1��7.
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raeetitrg uY tAe Cau�cit o� �th3 �i'i1:1.a�c aC Az+�en I�:�, D�itmeacrt�, w� P�e?ci
at t�e tsounci2 c'l�h�eac� �.n the �13Y3.r�a �a?1, Z�F5o wes; �3�;�' 9�g �• �a,
xtnnesata, �n �a ns�.a�e, «� t.� � a�y a� r�escn, ag6a., c� 8;+�0 o�c��ek
P.M.
9�e �o?1..cArit�g �'ri�steesc �+e� �rea�r�.t;
Kennedy, Olmen
s¢ui th�e to73.� W�s�e a#seasG =
*��
Aschbach
ar �t a�
Stromquist. Grepeau,
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--:i.-. st .i�_s :yw a• o r� �s.a s .i- ♦:�
♦ " ♦' �,' ' i �.c�(�� �. .cu ic1a: M . � .. r._ .:t
or $�QQ,oDp 3n s�aorasnoe srst3s 't�e regoa.ixtiun ed�r,Ad. Be6rt�sy 87: �-9�+
3aid a�P�,d,eevita wes� extao�xtaY., £Cnuacl satisfactary an�i aQed�red p1.aCed c�u
P.i2e.
'� Cl.erk repa¢ tied �Lhn,t �� 8ei�7.ee� bid� heg been rec�i�eci
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;,. . . ., . . . � ,,. � . _ z . e . . - ...� , ; <. _
:., . � a .�. � �_, �..' - -. : .,.. . � , .' ,
. t,- .�<.. � . «-
&eme o� B�r c+r
?Seae�er ax 8?drlSng Accoam�
Piper, Jaffxay B Hepwaod
A1lison-`,cilliam6 Co>
7. M. Daita & Co., Znc.
3uran 8 Nocdy, Inco
Kalr�an 8 Co., Inc.
E. J. Prescott R Co.
Cald�ell-Phillips, Inc.
5ampair 8 Egan, Inc.
i�erea-t lictte
Or 12�8 ��
3.FC�� 1962 - 1967 Par
42G"J,`�� 1968 - 1973
4.10y6 ].974 - 1978
4020� 1979 - 1981
Plus 1.4G� 5/16/6i to 1G/1/62
4.22G09� Net Interest
,;ok:n ?Iuveert & Co., i�.,Chi.cago 3.3.^`.� i�62 - 196b �ar
hmesican iaatl.3anL,St. Paul 3.9i7� 1967 - 1971
A+.annheimea Eyan,Inca,�t.Paul 4.10� 1472 - 1974
4.2Cc':' 1G?5 - 19$1
Plus _.�t�+;� rt-i�l/51 to iGfl/62.
4.22C;5m 2ie� Tnterest
9azcus, Ki.ndred F. C�.
4.2'��4> 1962 - l�i£,1 Par
Plus 1.5G� &/1�61 +0 1.4/1/62
4,4364� Net Interwst
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Trustee K�nr.edy � ����� � �� �����
�. mowed ite edaptiem.:
'i6; i -.. i r ��^ 3 t.• e� ; a�' ... 6� p d a�!
C�� ��� �'1�' . LY=" R�. 1" .• k s- tel T�! �
:N'll�'�S '��
�7 IT R�t�L�A ir�r ���tmnC31 O� 4,YSe V311;a��E OP �SI�LeII H`i126, M9x�E^
Gota, t2aa.t ab.rertisemsrit £pr bida P�r � P�harse tr�' �!s�,GC�J �e.n�3.twry �
T�rove�slc:�st Botids, Sex`ies i3, hea been 8tsl,y i��isiteti ani3. rrJ.? }a3ds �ceitnesl
pureua+�t tl�ereto tfava bee��� �ri. cous38sred �nd the Y�2gheat 8mid. bb�
�,g� �� b� � ti�,.� � .; � Piper, 3affxay � Hopwood
oF �inneapolis ��irt!�5"�s� a��cici�'Gea, � I�ure c� i�e � a
Pr;Qe a� im�' anci accrueci ikttaxr?at pl,t� a prem3wa of � CJ.�,,,,� i3� b�oau�s
ns�tca�ing i.n ti�.e ya�s s�t �crth balow to 'bear ixtt�reai: at the reepectiv+a
rates per sun�z sct oppo��.te �tich ��earitg� ye�'e, i^s�tra d.� a£ Sasue t�sti3.
���
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2#etvx'it�r Yeaxe
1Q62 - 1967
19bE - 1973
; �7�'. - 1S�78
1�74 - 14E1
Sttierest Iiaten
3.5G;�
4.00;�
4.1C`X
4.2�
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...ay � 3�� .� cto!�er 1 � lg 62, ta i� repa�eaeacted by
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�d the Z�yor and. Villege Cle�ric are hmreby authori .e8. fc>z'�i�srJ.th i;a ��tdorae
such ace�pt-�ce cus a copy oz' aai.ct bi.d aad. re'tura '�hC awae to eaid �3d8sr.
':t'tte gc>oc2 fa3th o�,eC3c flir:n�.sk�.4d b�* �Y� iri:rc�eer ah�:7. be 3+e'Cs�ed. pendi.ug
deZivery a�. the `btnsde a�ad �aya�xt nY thr� �'u.Ll. pe�,rek�e �ri:ce ther�oP, �red
ti� C;lexk s�ll tbrt2aritkt retura the r.hecis� af oth�' b�c�er$.
�he aat�on Yar the edrapt3ma af the Porn�goixlg z�esda].u�E1ar w� ci�jr
aecaauieif b�r Yrustee Qlmen �� votm �ing� t.a�an thEr�a,, itlr�
ic�7.2� voted in Yavor '�hereoR': �11
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� t'1�c3.zuett t,o 'he cav�t� antt rets a3 fi�e G�e d� Arcte�t �T317:e
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pra¢eetiir�J ea �Y he reqea5.r�d by' lru� ta :mesks �ai21 1�sWes:m�eis'w. +� �3A ast8
bir�.3s,� 23e� upan cald �r�-t.y : that aeici esse��d �ii `be �yaba].e fat
tt�teu�y (2�} equ�3., crnlsee'�tive, anraa�l iz�staliraeni:s, #.56 t3.z�ct af sa3.Q ia«
�t�l.Laentn to 'f.� gil:sos�i cz�s the �c rc�.ils of ti2t� y�fex• �g�l, Ep�.7.ea'tib1� in.
t1z� succees;s.in�, ye�^, anct th�t d.eYerre3 inc�a:.l.~aeats vS �ata. a�ses��
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'tit@ dai6 O�' 't�e I'e[?OititiCnl 1�"Vy3r#$' ttta S� t� Z?��mbRi' �1� Oi' L2t@ 31'ear iSt
which ihe iYr:,L inc�ill�:.^�.nt is pt��rale. :b ercb su.'�segw�nt 3�s'ti�l�ent
u� ��ir: s�1.'L be Bu�d.�3 in�eres-i: %z' an� yee�r oII �. a�.fi�d. ixustal3r�it8, .
It 3a srstima�d 'that ssid ins�:e�7.?�e�.ts of prisici�„t aud 3zata�nt wt�, be
received in the Years 8nd 3n �so�nZte sa�fficieut to Ba�iuce s�s subat�-
-���za�r mox�e thsir, �swe �r eec� (5�? �i �ce$ffi ot t�e � �fp�1: �,a
�at�x�st pe�sste clz� s�m tha 1�oi�c]s �reto�'ore aald 8arez pc��e�rt7,:y t�s `6ae
ie�ued. �'Ge r3�tt is reee�, 2a�evc�:•, tu g�'E�+ride f�ir 'th� p�t1E�t oi' s
porrtit+�e c�� �itie cost of saad 4�auative�t #y the ieag+ oP � v�lc�rea 'ts�asffi
• t� ail tax�.e property s�'S.t:h3�ce 'Che V3.J l.age, �a Z#:eu o:� fi� l�vay ' 03' mpe-
cial as�es��tta; aad. 3n stich e�resat �e Pi1.l�ge e4v�rta eaci t�e� t�
'CTse sr.�cial assessntenta yr1.11 Iu � es�e be levied 3st' �t �utfficient.
ta ps�* nv� asa� �2 tw�n�y a�er +�emt t�) o� t�us cost aY ;�.he ?a��t,
r.nnc�. � th� ts�[es v��11 t,� lev�.ed for the yeu�r� s5u3 in �c+nnts su�k� as �o
�p, tog�.hor erith t}� collectfa�s ot''the ap�sc3.ei�. aE:+eassmeats, and Of
the net r�x• revenwe a�Tn'�'ia�ect to the �9.n3^:.ng �d by �a3r7. re�o�saCiar�
oY PSatrember 3, �`�55�, 5� rtcti'ic3�alt to ps�q th� �i� �xd. �tttereat 'Nh�
c2�e oai �.]. b�cis ixst�ed tritTi z+espeW^'� tt� tl� im�rravemeat, �us3. �o �ri�e tl�e
�iv� ��r ce�t f 59�) �e�as� x�e�,u.%x�cY 'by Mimaeerrte�. E"rtu�u�s, :.�etiaA �C"�.Fi?..
i�ver, #.lxe Puli �iih �: cred3.t a2' t�e ViZtag�a ghall be mrd. are �by'
irr.ewc•.dbly gledgec3 Por �te �e%m�rt a�2 iL�7,7. � af tfm gxr3ac3�ra.1 aP
ex�cl issfi:erest on e�11 bonda �ssued. trlth a'e�p�ct tca �n�'ti�tiy ��s" S�Cve'
r�rt Na. �t-, �tui. Pa^ � levy erui ao�I.ectirm oi atay eanid��ima't. t�er re��ti.red
£ar �+ach u�u�ose, in ace4rde�ar,e vrlth ihe �rrov3.sssat�� v� es�.d z�esoJ.utiatt nP
13o��cr 3; 195�3•
rj. P'C�I' ��Yt1T'j,]6.�iF= �� �� '�139 CClBfi Oi 35l3.f3. �IIt'pH.'aiT�1S'�. 9�.
. �.Sl �'+.'t3C3�'.3LQ t?$ '�i20 CA�.Z.L°+C$�.qRY Ag 6� SjlFSC'�.£�.- 46SC6�i59� $83d�6 �Q. .
ztet c�*aer re+�uuea, �he iiiL%ege' �'�I2 �'or�hrri�ts 3.sstti� 3�s x�g�tia,lals ge�eral
aul3gatic�a bca� to be aeeig�stted o�.s 9eai.t+.a�y see�rer e so�d.s, �br-
i.ets �, 1Y� tt� 8ggeeg�t.e pr�n.ipal. �+a� 4f �1ftd,(9�D, d�tGed � o�F Apr33. 1,
296�i. �'.�. i�o�ds shsxl]. be 40v 3n. nvra�r and. ��rer� :er�i x to 4v0, i�c1u-
sive, eaeh. in 'tize d.encdaiTxs.t.tOn o1 �I.,�, 93��r3. �Srk�.Lt a�z�°e :��'3u�.7,y' ia �iR
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zuxr�red 1 tt�.rrougR► 2k�b sbal.i is� ye{,V�ltt � tbltir Y'espec�ise s'te�te�t maCurity
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3.50% 1962 - .1967 Par
4.00� 1968 - 1971
plus � bJl/61 to 3/1/62
4.1056j� Nat Zntesest Rate
4.�0� L962 - 1971 Par
plus 296 6/1/61 to 3/1/62
4.2342� Net Interest Rat¢
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