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<br />Improvement <br /> <br />Nature <br /> <br />Number <br /> <br />Cost to be Financed <br /> <br />and <br /> <br />65-38A <br />66-17 <br />66-23 <br />66-24 <br />66-25 <br />66-26 <br />66-27 <br />66-28 <br />66-29 <br /> <br />66-31 <br /> <br />66-32 <br />67-9 <br />67-10 <br />67-12 <br />67-13 <br />67-l8 <br /> <br />67-19 <br />67-20 <br /> <br />$520,400 <br />40,006 <br />4.159 <br />6,218 <br />8,038 <br />75,300 <br />59,900 <br />96,900 <br />6,708 <br /> <br />Storm Sewer <br />Sanitary Sewer and Water Main <br />Water Main <br />Street Surfacing <br />Sanitary Sewer and Water Main <br />Water Main <br />Sanitary Sewer <br />Street and Storm Sewer <br />Sa.'1i tary Sewer <br />Water Main, Sanitary <br />Paving, Curb and <br />Water Main, Sanitary <br />Paving, Curb and <br />Storm Sewer <br />Storm Drainage <br />Sani tary Sewer and Water <br />Sanitary Sewer and Water <br />Sanitary Sewer, Water and Street <br />Sanitary Sewer, Water Main and <br />Storm Sewer <br />Storm Drainage <br /> <br />Sewer, <br />Gutter <br />Sewer, <br />Gutter <br /> <br />1,797 <br /> <br />2,881 <br />345,000 <br />468,000 <br />6,250 <br />3,001 <br />4,546 <br /> <br />and <br /> <br />14,320 <br />308,130 <br />$1,971,554 <br /> <br />It is necessary at this time to borrow the sum of $1,050,000 by the issuance of tem- <br />porary improvement bonds pursuant to the provisions of Minnesota Statutes, Section <br />429.09l, Subdivision 3, for the purpose of paying expenses incurred and estimated to <br />be incurred in making these ireprovements. There are now on hand balances of <br />$500,000 in the Sanitary Sewer Improvement Bond Sinking Fund, $400,000 in the Water <br />Improvement Bond Sinking Fund, and $150,000 in the General Improvement Bond Sinking <br />Fund, which may properly be invested in such temporary improvement bonds by the pur- <br />chase thereof upon their initial issue, and which will not be required for the pur- <br />poses of the respective sinking funds before the maturities of the bonds. Accord- <br />ingly it is determined that said bonds shall be issued, sold and purchased by and <br />for said funds in said respective principal amounts, at a price of par plus accrued <br />interest. <br /> <br />2. The bonds so to be issued shall be designated Temporary Improvement <br />Bonds, Series 3, and shall be in substantially the following form: <br /> <br />-2- <br />