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7/17/2007 9:06:10 AM
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4/23/2005 4:27:52 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
1854
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<br />Member <br /> <br />Goodrich <br /> <br />then introduced the following resolution and <br /> <br />moved its adoption: <br /> <br />RESOLUTION NO. l854 <br /> <br />RESOLUTION AWARDING SALE OF <br />$900,000 GENERAL IMPROVEMENT BONDS, <br />SERIES 3 <br /> <br />BE IT RESOLVED by the Village Council of the Village of Roseville, Minne- <br />sota, that the bid of The First National Bank of Saint Paul <br />, of st. Paul,. Minnesota , and associates therein named, <br />to purchase $900,000 General Improvement Bonds, Series 3 of the Village in accord- <br />ance with the notice of sale thereof heretofore duly published, is hereby found and <br />determined to be the best bid received for said bonds and is hereby accepted, said <br />bid being to purchase said bonds at a price of par and accrued interest plus a <br />premium of $ '- 0 - , the bonds maturing in the years set forth below to bear in- <br />terest at the rates per annum set forth opposite such maturity years, respectively: <br /> <br />Maturi ty Years Interest Rate <br />1968 1976 4.00% <br />1977 1980 4.10% <br />1981 1983 4.20% <br />1984 1986 4.25% <br /> <br />and all bonds to bear additional interest at the rate ofl.50% per annum from <br />August 25 , 1967 to July 1, 1968, represented by a separate "B" coupon. The <br />Mayor and Village Clerk are hereby authorized and directed to execute on behalf of <br />the Village a contract for the sale of said bonds upon said terms. The Village <br />Clerk shall retain the good faith check of the successful bidder pending the de- <br />livery of said bonds and payment of the purchase price, and shall return the checks <br />of the other bidders forthwith. <br /> <br />E. F. Cedarho1m <br />Mayor <br /> <br />Attest: <br /> <br />R. W. Turnlund <br />Village Clerk <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded <br /> <br />by Member <br /> <br />Shields <br /> <br />, and upon vote being taken thereon, the following voted <br /> <br />in favor thereof: All <br /> <br />-3- <br />
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