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HomeMy WebLinkAboutResolution - 415 - Chicago, Milwaukee, St. Paul & Pacific Railroad - Sewer Crossing Agreement - 03/23/1971 VILLAGE OF EDEN PRAIRIE HENNEPIN COUNTY, MINNESOTA RESOLUTION NO. 415 A RESOLUTION AUTHORIZING THE VILLAGE MANAGER TO SIGN THE AGREEMENT WITrI THE CHICAGO, MILWAUKEE, ST. PAUL AND PACIFIC RAILROAD TO CONSTRUCT AN 18l' REINFORCED CONCRETE SANITARY SEWER UNDER THE TRACK 3. 3 MILES WEST OF HOPKINS. SANITARY SEWER 71 .-7-03 - NMI . BE IT RESOLVED, that The Village Manager is authorized to sign the Agreement with the Chicago, Milwaukee, St. Paul and Pacific Railroad Company to construct an 18" reinforced concrete sanitary sewer t, under the track 3. 3. miles west of Hopkins, Minnesota. ADoPTED by the Village Council on March 23, 1971. r David W. Osterhol t, Mayor ATTEST: SEAL Edna M. Hol nggr�en, Cler CERTIFICATION OF IiINUTES RELATING TO $1 , 950 , 000 GENERAL OBLIGATION WATER AND SEWER BONDS Issuer: Village of Eden Prairie , Minnesota Governing body: Village Council Kind, date, time and place of meeting: a regular meeting held in the Village Hall on. April. 6 , 1971 , at 7 : 00 o ' clock P . M . Members present: Robert J . Lieb, Ralph J . Nesbitt, David W. Osterhoit and Paul R. Redpath; Members absent: Rolf E. Haug en ; Documents attached : Minutes of said meeting (pages) : 3 Resolution No . 416 f I, the undersigned, being the duly qualified and acting recording officer of the public corporation issuing the bonds referred to in the title of this certi- ficate, certify that the documents attached hereto, as described above, have been carefully compared with the original records of said corporation in my legal_ cus- tody, from which they have been transcribed; that said documents are a correct and complete transcript of the minutes of a meeting of the governing body of said cor- poration, and correct and complete copies of all resolutior,3 and other actions taken and of all documents approved by the governing body at said meeting, so far as they relate to said bonds ; and that said meeting was duly held by the governing body at the time and place and was attended throughout by the members indicated above, pursuant_ to call and notice of such meeting given as required by law. WITNESS my hand offs rti al ty as such recording officer this 6th day of April , 19 71 . Signature Mrs . Edna Holrngren, Village Clerk Name and Title �. (SEAL) The Clerk presented affidavits showing publication in the ofi'icial newspaper and in the Commercial -Jest of notice of sale of $1 , 950 , 000 General Obligation Water, and Sewer Bonds of the Village , bids for which were to be considered at this meeting as provided by resolution adopted on February 9 , 1971 , and by further Council action talcen on March 15 , 1971 . The affida- vits were examined and approved and ordered placed on file . The Clerk reported that one sealed bids for the pur- chase of the bonds had been received at her office at or before the time stated in the notice . The bids were then opened and publicly read , and found to conform to the notice of sale and to be accompanied by the required bid security . The purchase price , coupon rate and net interest cost under the terms of each bid were reported to the Council to be as follows : i t -1- B I D T A B U L A T I O N $1 ,950,000 G. 0. WATER AND SEWER BONDS VILLAGE OF EDEN PRAIRIE , MINNESOTA SALE : TUESDAY, APRIL 6, 1971 AI4ARD: PIPER, JAFFRAY & HOPWOOD INC. AND JURAN AND MOODY , INC. t3 NDS MATURING NAME OF BIDDER RATE IN THE YEARS PRICE PIPER, JAFFRAY & HOPWOOD INC. ) 4.80% 1974 through 1977 $1 ,915,329.00 Minneapolis , Minnesota ) co- 5.00% 1978 through 1980 JURAN & MOODY , INC. ;managers 5.40% 1981 through 1982 Net Rate: St. Paul , Minnesota ) 5.60% 1983 Allison-Williams Company 5.70% 1984 through 1986 5.6091% Minneapolis , Minnesota American National Bank and Trust Co. St. Paul , Minnesota Dain, Kalman & (wail , Inc. First National Bank of Minneapolis Mi( apolis , Minnesota The '1 i rst National Bank of St. Paul St. Paul , finnesota Merrill Lynch , Pierce , Fenner & Smith, Inc. New York , New York Northwestern National Bank of Mpls . Minneapolis , Minnesota John Nuveen & Company , Inc. Chicago , Illinois Paine , Webber, Jackson & Curtis Reynolds & Company Minneapolis , Minnesota Caldwell -Phillips , Inc. St. Paul , Minnesota Miller & Schroeder, Inc. Woodard-Elwood & Company Robert S . C. Peterson , Inc. E. J . Prescott & Company Minneapolis , Minnesota Channer, Newman Securities Company Chicago, Illinois EHLERS AND ASSOCIATES , INC. Financial Consultants to the Village First National -Soo Line Concourse 507 Marquette Avenue Minneapolis, Minnesota 55402 Telephone: 339-8291 Area Code : 612 Member Redpath then introduced Resolution ' No. 416 , entitled "Resolution Authorizin€;, Selling and Estab- lishing the Terms of $1 , 950 ,000 General Obligation Water and Sewer fonds" , and moved its adoption . The motion was seconded by Member Nesbitt , and upon vote being taken thereon , the following voted in favor thereof : Lieb, Nesbitt , Osterhol t and Redpath; and the following voted against the same : None; whereupon the resolution was declared duly passed acid adopted .