HomeMy WebLinkAboutResolution - 31 - Authorizing Sale of Temporary Improvement Bonds in Amount of $60,000 - 06/28/1961 TOWN OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 31
A RESOLUTION AUTHORIZING SALE OF TEMPORARY IMPROVEMENT BONDS
WHEREAS, the Town Board of the Town of Eden Prairie has entered
Into a contract known as contract #1 — 1961 Street Improvement Project, and
WHEREAS, it Is necessary to obtain funds prior to completion of said
project in order to make payments to the contractors under said contract,
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN BOARD OF THE TOWN OF EDEN
PRAIRIE, Hennepin County, Minnesota, that pursuant to M.S.A. 10.091, that it
sell temporary Improvement bonds to the First National Bank of Hopkins In an
amount not to exceed $60,000.00, and that the costs of said project be assessed
against the benefited property.
BE IT FURTHER RESOLVED, that said bonds be sold at an interest rats not
to exceed four per cent (W.) per annum and that they be due on or before six (6)
months from the date of Issue and callable at option of the Town, and that the
Chairman and Clerk of said Town be authorized to sign said bonds.
ADOPTED by the supervisors of the Town of Eden Prairie at a special meeting,-
thereof held this 28th day of June, 1961 .
Donald Roger Chairman
Elmer Clark, Clerk _ .._ _ _ - _ . . __ _. _ . _ . _ __ . _. _- _ __ .
W. Harlan Perbix, Town
Attorney