HomeMy WebLinkAbout1956 05-01 CCM Special Session 201
Minutet of the proceeding of the V111ap Council
of the Village of Brooklyn Cater In the County
Of Heave in and Ste of Minnesota
MY 1, 1956
village Council AK in special session and AW OSLW to ordear
by Will$"' it. Super, Mayor, at 8:10 P.M.
The following ssem'bers were present: Willift H. Super, y,
Allen Lindaan, Clifford Wellman and Russ Jones.
M tt& and lace for receipt cf '
The adunced that this as th e p
bids for the $535,
of urchase 000 Sever t Bond$ in accordance with
P
resolution adopted April U, 1956.
The Clerk 04 6W an affidavit showing Vutelication of Notice Of
Sale in CCR= Wes, * financial paper published in Minneapolis,MinMsota,
which affidavit was a and found satisfactory and ordered placed on
fills togother with a satitftatory affidavit of publication in the North Hennepit
Poet,.
The Olark than prevented the seeled bide which bad been received
Which d gad a to be as follows:
2. Allism Williams CoftszY 3 3/4 %can all bps with *1 $535,000.00
Associates interest of 2 on all bands from
July 1, 1996 to Jay 1, 1957
2. Jbh Sayean & Ccapany 4% as bonds alaturing 1/1/58 to $335,052.50
St. Paul, Minnesota 1-1-65 inclusiv
Mannbe imar-3gan, Inc. 3.90'x► for bon6s mtuauring
St. Paul, Minnesota 1 -1-" to 1 -1-67
Allan Blair & C plies 1% for the perUA T•1 -56�
Chicago, Illinois to 7 -1 -57
Barold E. Wood g Co.,
St. Pail„ Xuassots,
After due considersstiow at all of bUs, asw dor Wayne Qapby
in ed the rollowUW resolution 40 moved its adoption:
BE IT IVZ) by the 9illap Council of the �Yi.11age of
Brooklyn Cent pr,, Minnesota, tit the Bid of All:ison- Williams
Cafterw and As tits to par $535, SaVOr Inrov`000t
fted bowing interest at the ro*Ap of 3 3/4 % per a
together with an saldlt amsl of 2 on all beds for
the period from Jay i 1956 to July 1, 195731 and to pert'
therefor the sues of $535,000 is hereby found.. determined amt
declared to be tbo most favorable bid and is hereb tedr
Tb clerk is direct" to ssttain t *L check of said purchaser
aPd return all other checks to the U sf ul bidde F
fog-tb with.
The notion for the adoption or tbse fore a "solution was duly secooW by
member Russ Jones, and upon vote being tWom thereon the followIM voted in
favor thereof: William N. Super, Russ mss, Wayne Gageby, Clifford Wellmm
and Allen Liudmaan., and the following voted against the saws: Dane; whereupon
said resolution was declared duly passed and adopt***
Member Wayne qWby introduced the follOWUN rbsoluts3os and
its adoption:
:
BE IT RRSCL by %be Villap Counctl Ot *0 Vi of DVOO 17n
Center, Minnesota, as follows:
1. villap shall forthwith tame its 1006OU avawr t Bond a
In VW principal swunt of $535, dated mil 1, 1956 Uiag 535 In n
j
and RuMbered 1 to 535, both irielu 14 .00 d*W0tMtiosa of $1000
bearing interest at the rate of 3 3/4 um plus additional
Interest at the rata of 2496 for the period of July 1., 1956 to July 1, 1957
to be represented by a separate coupon, said bonds matur serially in
the years and mount$ as follows:
$30,00 an Janes 1 each year 1958 to 1964 inclusive;
Year 1 to 1977 inclusive;
$25,000 cc JuMrY 1 each � 965
with a yeent option as follows:
All bonds maturing on January 1, 1968 and reafter subject to
redemption in inverse numrical order on January 1, 1959, or any
interest payment date thereafter upon payftnt as follows:
(1) if redeemed prior to January 1, 1968, at par plush accrued
interest plus a premium of $30.00 for each bond ec med
(2) if redeemed on January 1, 1968 or thereafter, at par plus
accrued interest only.
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'�. 2. Both principal and interest shell be payable at the maize4a f ee
of the Northwestern National Bank of Minneapolis, Mi eapolis, MiMesda,
and the village shall pay the reasonebble charges of d bank for its
services as paying agent.
3. The bonds and interest coupons to be theretc attached shall be
in substantially the following form:
U16ITED STATES OF MICA
STATE OF MINNESOTA
COUNTY OF HENNEPIN
VILLAGE OF BROOKLYN CEOTER
No. $1000
2MMOVAIMT BOND OF 1.956
i
KNOW ALL MEN By THESE pRESWTS That the Village of Brooklyn: Center,,
Hennepin Comity, Minnesota, acknowledges itself to ix indebted and for
value received hereby promises to pay to bearer out of Improvement No.
1956 -A Fund the sum of ONE THOUSAND DOLLARS on the 1 t day of J ,
19 , and to pay interest thereon at the rate of three and three- quarters
percent ( 3 3/4 %) per annum from date to July 1, 19 6; six percent (6%)
per annum From July 1, 1956 to July 1, 1957; and thr a and three - quarters
percent (3 3/4 %) per annum thereafter to maturity, ayable July 1, 1957
and semiannually thereafter on the 1st day of Januar and the 1st day of
July in each year in accordance with and .upon presen tion and surrender
of the attached interest coupons as they severally ccmee due` Seth
principal of and interest on this bond are payable at the m4n a ioe of
NortbVestern National Bank of Minneapolis, Minneapolis.. Minnesota, in any
coin or currency of the United States of America which at-the date of
payment is legal tender for public and private debts
All bonds of thua issue maturing on January 1, 1 968 and
thereafter upon thirty (30) days prior notice by =I to the beak who"
the bonds are payable and to the last known holder ar subject to re -'
demption in inverse numerical order on January 1, 19 9 or any intere
payment date thereafter upon payment at par plus acc ued interest plue a
premium of $30 for each bond redeemed if redeemed pr or to JawlAry 1,
1968, and if redeemed on January 1, 1968 or ther"WX r, at par plus
accrue interest only. Solders desiring to receive uch notice must
register their names, addresses and bond numbers wi the village clerk.
' This bond lei one of an i sauce of bonds in the to 1 principal SWOUnt
of $535,000, a 9.1 of like date and tenor except ss to A&U riity and t csa
privileege, all issued pursuant to and in full confor dty with the
Const4tution and Laws of tk* State of Minnesota, inc udi S Cbsoteer VS.,
Laws of Minnesota 1951 as Mended, for the purpose f de the
expenaess incurred and i* be incurred in special impr venwats of tbo
village,, and is payable priSsrily from , special asses is to be l*vied
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against; property specially benefitted thereby bht constitute$ a "noral
obligation of the village, and to provide moneys 'fQr the pet and
full payment of said principal and interest as the-Vae become due
the full faith and credit of the village is hereby irrevocably pledged
and the village will levy ad valorem taxes if required for such purposee
without limitation as to rate or amount.
IT IS HEREBY CERTIFIED AND RECITED That all gets, conditions
and things required by the Constitution and Laws of the Mate of
Minnesota to be dotter, to happen, and to be performed precedent to
and in the issuance of this bond hire been dome, havo happened and
have been performed in regular and due form, time and sUmer as required
by law; and that this bond together with all other Indebtedness of
the village outstanding on the date hereof and the dente of its actual
issuance and delivery does not exceed any constitutional or statutory
limitation thereon.
IN WITNESS WHERBOF,, the Village of Brooklyn Ceenter, HOMOS apt
County, Minnesota, by its Village Council, has caused this bond to be
signed by the Oyor and the Village Clerk and sealed with the corporate
seal of the village and the interest coupons hereto attached to be
executed and authenticated by the facsimile signatures of said officers,
all as of April 1, 1956.
lee►yor
er
Opal)
f (Form of Coupon)
f No. $ •
On the 1st day of January (July), 19 , the Village of Brooklyn
Center, Hennepin County, Minnesota, will pay to bearer Out of Ixvrov*ment
No. 1956 -A Fund at the mein office of Northwestern rational Bank of
Minneapolis, Minneapolis, Minnesota, the sum of DOLLARS,
being the installment of interest then due on its Improvement Bond dated
April 1, 1956, No.
ez
4. The Clerk is direete6 to cause said bonds to be pr a .
the Clerk and Mayor are authorized and directed to execute the s+ eta
affix the villago seal thereto and to cause the interest coupons is be
executed and authenticated by the printed facsimile signatures of eau
officers.
5. The bonds issued hereunder shall be payable from laVrovement
No. 1956 -A Fund heretofore created, provided that if any payment of
principal or interest shall become due when there is not sufficient maaW
In said fund to pay the sages, the treasurer shall pay such principal or
Interest from the general fund of the village and such fund shall be
reimbursed for such advances out of proceeds of assessments for said
improvement when collected. All proceeds of said bonds and assessments
shall be credited to said Improvement No. 1956-A Fund.
6. The ostlasted collection of sPmi&l assessments and other
revenues pledged few the payment of sa*4 bonds will produce at least
five percent in egftsa of the amount'zood0d to meet when due, the
principal and interest pets on t bonds and valorem tax levy
shall be made. The Clerk shall deliver a certified .copy of this
resolution to the County Auditor of Hennepin County and obtain Us
certificate as required by Section 475.63, Minnesota Statutes..
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7 The said bonds when fully executed shall tap delivered by tisi
Treasurer to the purchaser thereof upon receipt of the purchase parIC14
and the said purchaser shall not be obligated to see to the Prop'
application tmkreorg
8. The Clerk and Treasurer are authorized and dlreested to PrOPWO
and furnish to the purchaser and to the attorneys approving said issusp
certified copies of all proceedings and records relating to the issuance
of said bonds and to the rights, power and authority of the village and
its officers to issue the same and said certified copies and cerUffeates
shall be deemed the representations of the village as to all matters
stated therein„
The motion for the aeon of the foregoing resolution was duly seconded by
member Allen Tndman s Pon and u vote being taken thereon the following voted
in favor thereof: William N, Super Clifford Wellman Wayne Gageby Allen
Lindman and H, R Jones; and the following voted against they sames None;
whereupon said resolution was declared duly passed and adopted,
Member Wayne Gageby introduced the following resolution aftd bpved
its adoptions
REdOLU21W ACCEPTING BID AND AFMVING Ctl+}' T FM
BE IT RESOLM by the Village Council of the Village of Rrookly
Center Minnesota th at the bid of Lmaetti do Sons, Taco at to the
furnishing of all worke labor and material in co=wctiop With
Sanitary Sewer Improvement No, 5 6 7 and 2Q aocorling to the
plane and speaifiastiona theresfbr now on file in the office of
the Village Clerks is deemed to be the lowest and best bid sub+
muted for said waark by a responsible- bidder and said bid is
hereby accespte
BE IT PJRTM XMLVED that the form of contract proposed for
execution b6*esn the Village and Lametti & Sota Inca is
approvedg and the Mayor and Clerk are authorized hereby and
directed to execute the same on behalf of the Village upon the
filing with the Village Clerk of a bond in the amount- of
6159e► with an approved corporate sweaty conditioned
for the faithful, performance of said contracts
The motion for the adsption of the foregoing resolution was duly seccoo by
member Russ Jonea js and upon vote being taken thereon the: following voted in
favor thereof: William N, Super,, lied Gageby Russ Jones Allen Lindman and
Clifford Wellman arA Ume foDowing against the same: None whereu
said resolon was deplaned daily passed and adopter
Motion made by Allen Lindman and seconded by Cl ttord Wellman to
accept the final p3aA of Tang Additiom* subject to all the restrictions of
the Platting Ordiname and the Mayor sand Clerk authorized to sign they same
bored to be posted* Notion carriede
Notion made by Clifford Wellman and seconded by tie GagsbV to
accept and sign agraeumt with the am of Thorshov & Ceat # Inc, and Caul
Lo Gardner and Associates for parofessional cityplaming servi oese Motion
Member caxri„
Way o Gageby Introduced the following "solution and weed
Its adoptions
BE IT ty UO Village Council of the . V113Me
of Coats x t4 that the bid of Petear
�'ir� ari Mode 2b
H„ pa +, h displa+cseents
two a ll► ' Na and A% s fire e4vdpnnts
momteed Aad p ' OplOsUa as to Tics s 83"
including beams and 4* :. 10055400 less the for
difference between, a tae +atsd yea s tasge pops I# u �'
found, determined and declared to be the most favorable
bid and is accepted hereby. The Clerk is directed to
retain the check of said bidder and return checks forth-
with to the unsuccessful bidders.
The motion for the adoption of foregoing resolution was duly seconded by
member Clifford Wellman, and upon vote being taken thereon the following voted
in favor thereof: William N. Super, Wayne Gageby, Clifford Wellman, Allen
Lindman and Russ Jones; and the following voted against the same: None;
whereupon said resolution was declared duly passed and adopted.
Motion made by Allen Lindman and seconded by Wad Gageby to accept
for street purposes the deed of Fred W. Hey and Gisella Hey, his wife, to the
following described property:
Tract I, Registered Land Survey No. 553, Files
of Registrar of Titles, County of Bennepin
Motion carried.
Motion made by Russ Jones and seconded by Clifford Wellman to accept
for street purposes the deed of Joseph J. Sentyrz and Helen Sentyrz, his wife,
to the following described property:
Lot "V Registered Land Survey No. 492; Lot "H ",
Registered Land Survey No. 492
The acceptance of the foregoing deed is contingent upon the signing of an
improvement petition by Joseph Sentyrz for 4" of gravel with 2" oil
stabilizer to improve 51st Avenue from Xerxes Avenue to Highway 152. Notion
j carried.
Motion made by Wayne Gageby and seconded by Clifford Wellman to
adjourn. Motion carried.
r YAy r
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