HomeMy WebLinkAbout1952 10-22 CCM Regular Session MINUTES of the Proceedings of the Village Council of the Village of C ENTE R
in the County of __ _ , and State of Minnesota, including all accounts audited
by said Council.
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MINUTES of the Proceedings of the Village Council of the Village o iSROOKLYN CENTER {
in the County of ......and State of Minnesota, including all accounts audited
by said Council.
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MINUTES of the Pr eedings of the Village Council of the Village o f iOulK1. Y - 1
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in the County of __._�.. and State of Minnesota, including all accounts audited
by said Council.
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MINUTES of the Proceedings of the Village Council of the Village o 1BROOKLYN UNT ER
in the County of.._.. _... # _....and State of Minnesota, including all accounts audited
by said Council.
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MINUTES of the roceedings of the Village Council of the Village o PO (W i "" 1� � L
in the County of and State of Ifinnesota, including all accounts audited
by said Council.
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T rustee � introduced the fe311+►ing, reesolutian
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and moved its adoption:
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. A, SOLUTION PR OVIDING FW THE I
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I BZ IT USOLVID by the Village Council of the Villag Of Brooklyn Center, '
Minnesota,, as follows:
1. It is hereby determined that t tdiLl cast Of sanitary saver
improv in the village is $x+$ which amoun must ber provided by the
village. j
2. It in hereby dertormined that it is necessary to finance the cost
of said sari sewer improvements by an issue of improvement bonds pursuant to the
provisions of Minnesota Statutes, section 412.71.
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3. There is hereby created a special fund to be designated as
Sanitary Sewer Improvement Pao. 1 Fund, out of which shall... be paid the cost of said
• inzpro nt and then principal and interest on the improvement bands to be issued
hereunder and into which fund shall be paid all of the proceeds of special �
assessme and tames to be levied for said i and the moneys to b
received frce the ale of the improvement bands issued hereundeer#
4. In anticipation of the collection Of said sp iaal assoosNOUts
the village shal forthwith issues and sell $48.,U00 Sanitary sever XW roveme nt BOndoo
The full faith and credit of the village shall be pleed +4 nt of r
principal of and 'interest on mid bonds when the maners on band in the
improvement fund herein created are insufficient for said purpose.
5. The Sanitary r Improvement Bonds sha be In the principal amount
of $x+8,000, shall be 4$ in number and numbered 1 to 4 8, both inclusive, in
the denomination of $1 "c h.. shall bear date N r 1, 1952 shall bear
In payable July 1, 1953 and semia nnually thereafter on January 1 and
July l. in ea4h year, and shall mature serially on January lot in the yew and
4 amounts as follows, all without option of pricer payment: 1
195+ - $20o0.
1955 - $2000 19 56 - $3000
1957 - $3000►
1958 - $30W.
1959 - $3WO •
1 - $3000.
1961 - $3000
1962 - $30W •
1963 - $3000.
1964 - $2000.
1 965 - $2000.
1966 - $2000.
1967 - $2000.
1968 - $a000.
1 969 - $2400.
1970 - $•
1 9e71 - $2000.
1972 - $2000.
1973 - $2000
It is hereby expressly determined that the maturities as here nabaft set forth
are such as in the judgment of the village council are warranted by the anticipated
collection of as sessmients.
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MINUTES of the prkeeaings of the Village Council of the Village o -4
in the County of __..and State of Minnesota, including all accounts audited
by said Council.
6. The village council shall met at the Village Hall
in the Va lises
Brooklyn Center on Thursday the 6th day of Noveabo 1952, at 8:00 o'clock Pit.,
for the purpose of receiving and considering sealed bids for the purchase
of said bonds and the clerk is authorised and directed to cause notice of such
sale to be given by publication once at least ten days prior to the date of salve
in the offic al pier of vi �r
and in C alal West,, a financial aal per
published in Mi _ polis Minnesota. Said notice aball recite that the vil lage
will furnish printed bonds and approving legal opinion of tiessrs. , ae & Benson,
Xtnueapolls,, Minnesota,, without expense to the purchaser, r, ll 'requires that all
bids be unconditiona and accaganiod by a good faith check in the awunt, of at
least *1000.00 and shall specify ewe or more interest raters in aultiplees of
emir -tenth or out-quarter of one percent, and shall further provide that delivery
of the bonds will be mde by the village within thirty days after the date of sale.
The icon for the adoption of the foregoing resolution was duly
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seconded by 'trustee e'� atAce✓ &f a _ ,�7 and upon vote being taken thereon
the following voted in favor thereof:
Arthur Paulson
K enneth Sacree
ftul Weekly
Wayne Gageby
Merrill Stodgh ll -
and the following voted against the oem. l ow
whereupon said resolut was declared duly passed and adopted. �
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MINUTES of the Proceedings of the Village Council of the Village o ROO ML N CENTER
in the County of _...._—...._...,...__and State of Minnesota, including all accounts audited
by said Council.
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