HomeMy WebLinkAboutResolution - 509 - Baker-Mitchell-Valley View Street Improvement - 04/11/1972 VILLAGE OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 509
A RESOLUTION APPROVING IMPROVEMENT'S
BE IT RESOLVED by the Council of the Village of Eden Prairie,
Minnesota that this Council caused notice of hearing to be duly published
and mailed to owners of each parcel within the areas proposed to be assessed
on the following proposed improvement:
BAKER-MITCHELL ROAD
VALLEY VIEW ROAD
Permanent Street Surfacing STR-72-03-05
Baker-Mitchell Road Between T.H. 5 and County Road 60
Relocated Valley View Between Existing Valley View and
Baker-Mitchell Road.
and at the hearing held at the time and place specified in said notice, and
Council has duly considered the views of all persons interested, and being fully
advised of the pertinent facts does hereby determine to proceed with the
construction of said improvements including all proceedings which may be necessary
t in eminent domain for the acquisition of necessary easements and rights for
i construction and maintenance of such improvements; that said improvements are
hereby designated and shalt be referred to in all subsequent proceedings as
I indicated above and the area to be specially assessed for permanent street surfacing
benefit shall include:
Edenvale Industrial Park. Auditors Subd. No. 225, Lots 22-32. Section 10,
Twp. 116, Range 22; Parcels 4000, 3500, 2015, 2065. Section 9, Twp. 116,
Range 22; Parcels 3630, 3620, 2010.
ADOPTED by the Village Council on April 1 1 , 1972..
64'
Paul R. Redpath, Mayor
ATTEST:
SEAL
Edna M. H olmgren, C1 k
CERTIFICATION OF '*,"INUTES RELATING TO
a $2 , 500 , 000 General Obligation Water and Sewer Bonds
' (Series 3 )
Issuer : Village of Eden Prairie , Hennepin County, Minnesota
Governing body : Village Council
Kind , date , time and place of meeting a regular meeting, April 25 ,
1.972 , at 7 : 30 o ' clock P . M. , at the Village Hall in the Village of Eden
Prairie
Members present : Meyers, McCulloch, Nesbitt:, Redpath
Members absent : Lieb
Documents attached :
Minutes of said meeting (pages ) : 1 through 3
RESOLUTION NO . 510
RESOLUTION AUTHORIZING, SELLING AND ESTABLISHING
THE 'PERMS OF $2 , 500, 000 GENERAL OBLIGATION WATER
AND SEWER BONDS (SERIES 3 )
d
I , the undersigned, , being theJuly qualified and acting record-
ing officer of the public corporation issuing the bonds referred to in
the title of this certificate , certify that the documents attached
hereto , as described above , have been carefully compared with the ori-
ginal records of said corporation in my legal custody , 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
corporation , and correct and complete copies of all resolutions 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 byla,4.
WI'.rNESS my hand officially as such recording officer this 25th
day of Apri 1 1972 .
mat re,,�
Edna M. Holmbren Village_ Clerk
ivame z.md_ 7`itl.e --
(SEAL)
The Clerk presented affidavits showing publication in the
official newspaper and in the Commercial West of notice of sale
of $2,500, 000 General Obligation Water and Sewer Bonds of the Vil-
lage , bids for which were to be considered at this meeting as pro-
vided by resolution adopted on April 25 , 1972 . The affidavits
were examined and approved and ordered placed on file .
The Clerk reported that three sealed bids for the purchase
of the tonds 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 rates
and net interest cost under the terms of each bid were reported
to the Council to be as follows :
Jvran & Moody, Inc. ETAL: 4.40%, 73-76; 4.80%, 77-78; 5.00%, 79-80;
Price $2,459,450.00 5.20%, 81 -82; 5.40%, 83-84; 5.50%, 85-87;
Rate 5. 54% 5.60%, 88-89; 5.70%, 90-92. $2,459,450.00
Piper, Jaffrey & Hopwood, Inc.
ETAL ;
5.00%, 73-80; 5.20%, 81 -82; 5. 30%, 1983;
Price $2,466, 125.00 5.40% 1984; 5. 50%, 85-86; 5.60%, 87-88;
Rate 5.59% 5.70%,89-90; 5.80%, 91 -92.
Bancnorthwest : 3.60%, 73-74; 4.25%, 75-77; 4.75%, 78-79
Price $2,463,700.00 5.00%, 80-82; 5.25%, 83-84; 5. 50%, 85-86
Rate 5.46461% 5.60%, 87-88; 5.70%, 89-92.
Member Ralph Nesbitt then introduced Resolution No . ,
entitled "Resolution Authorizing, Selling and Establishing the
Terms of $2 , 500 , 000 General Obligation Water and Sewer Bonds
(Series 3 ) " , and moved its adoption . The motion was seconded by
Member John McCulloch , and upon vote being taken thereon, the
following voted in favor thereof :
Ralph Nesbitt, John McCulloch, Joan Meyers and Paul Redpath
and the following voted against the same : None
whereupon the resolution was declared duly passed and adopted .
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