1979 Rec./Disb./Resolutions & Minutes

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After due consideration of the bids, Councilmember Laska introduced the following resolution and moved its adoption: RESOLUTION AWARDING THE SALE OF $215,000 GENERAL OBLIGATION IMPROVEMENT BONDS OF 1979; FIXING THEIR FORM AND SPECIFICATIONS; DIRECTING THEIR EXECUTION AND DELIVERY; AND PROVIDING FOR THEIR PAY~!ENT. BE IT RESOLVED By the City Council of the City of Centerville, Minnesota, as follows: 1. The bid of Juran and Moody, Inc. to purchase $215,000 General Obligation Improvement Bonds of 1979, of the City described in the notice of sale thereof is hereby found and determined to be the highest and best bid received pursuant to duly advertised notice of sale and shall be and is hereby accepted, such bid being to purchase such bonds at a price of $211,000.00 plus accrued interest to date of delivery, such bonds to bear interest as follows: 1981-1984 5.50% 1990-1991 1985-1986 5.60% 1992-1994 1987 5.70% 1995-1997 1988 5.80% 1998-2000 1989 5.90% The sum of $00 , being the amount bid in excess of $211,000, shall be credited to the bond sinking fund hereinafter created. The City Clerk-Treasurer is directed to retain the good faith check of the successful bidder pending completion of the sale and delivery of the bonds. The City Clerk-Treasurer is directed to return the checks of the unsuccessful bidders forthwith. 6.00% 6.10% 6.20% 6.30% 2. The City of Centerville shall forthwith issue and sell its General Obligation Improvement Bonds of 1979 (the "Bonds"), in the principal amount of $215,000 dated June 1, 1979, the Bonds being 43 in number and numbered 1 to 43, both inclusive, in the denomination of $5,000 each, bearing interest as above set forth, all interest payable April 1, 1980, and semiannually thereafter on April 1 and October 1 in each year, and which Bonds mature serially on April in the years and amounts