HomeMy WebLinkAbout1964/06/30 - ADMIN - Minutes - City Council - Regular��
MINUT�S OP CITY COUNCIL PIEETING
ST . LOU IS P[aRIC, MINNE50T��
June 30, 1964
l. CALL T4 ORDER
Th� adjou�^ned meetin� of the City Council of Jun� 29, 1964 was
called to ord�r by M�yor ICenneth I�Jolfe at 2:08 p.m.
ROLL CALL
The following Councilmen w�re present at roll call:
James H�ltzer
Frank Hocvard
Leonard Thiel
Kenneth ���olfe
Also present were the City Manager, City Attorney, Planning Director,
Director of�Finance and the S�cretary.
PURCHASE OF GENERAL OBLIGATION INIPROVEMENT DOND� OF 1964
Bids were received and op�ned fr.om the following bidders:
l. Continental Illinois National Bank and Trust Company
o�' Chicago .
Total Interesfi -$251,400.00 Net P,at� - 3.12666%
Extra Coupon - .60 per cent September l, 1964 to August l, 1965
2. Allison-iVilliams Company and Associat�s
J, r9. Dain & Co .- Piper-Jaffrey & Hopwood - lst National
Bank, Minneapolis - lst National Bank, St . Paul -
Ni��� National Banlc, Minneapolis - lst of Miehioan Corporation,
Chicago Ill. - �torz-[Vachob-Bender of Omaha - Caldwell Phillips
Co . , St . Paul - t'loodard-El�•�ood & Co . , Minneapolis - Sampier &
Egan Inc., St. Paul
Total Interest -$291,062,00 - Net Rat� - 3.2340%
Extra Coupon - 1.10% Aun st 11, 1964 to Aupust l, 1965
3. Juran & Nloody and Associates - John Nuveen � Company -
The American National Banlc of St. Paul - Bareus, Kindred &
Company - Kalman & Company, Inc. - Paine, tV�bber, Jackson &
Curt is .
Total Interest -$295,920 Net Rate - 3.2S�00%
Extra Coupon - 1,60% Octob2r l, 1964 to �1u�ust l, 1965
4. Halsey-Stuart & Co . Inc and Associates - Kic]der, Peabody & Co .
Dean t�litter & Co .- R, t�T , Pres sprich & Co .- Kenower, MacArthur
& Co. - Shaughnessy & Company Inc.
Total Interest -$291,�10.00 Net Rate - 3.2423%
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Council Minutes - June 30, 1964
5. Glore, Forgan & Co, and Associates - �hearson, Hammill & Co. -
Comm�ree Trust Co. - Stearn Brothers & Co. - The Illinois
Company Inc, - Hutchinson Shochey Erley �t Co. - MeDou�al &
Condon Inc. - Allan Blair�& Company.
Total Interes� - $289,300.00 N2t P,ate - �.214833%
RESOLUTION ACCEPTING BID FOR GENERAL OB�,IGATION IMPROVEMENT B�ND�
OF 1964.
RESOLUTION N0. 2618
It was moved by Councilman Thi�l, second�d by Councilman Howard,
to waive reading ancl aclopt R�solution No. 2G1�, enti-�l�d, "Resolution
Acc`pting Bid :i'or General Obli�ation Improvement Bonds of 1964".
Motion passed by a iour yea vote.
RESOLUTION FIXING THE FORM �1ND SPECIFICI�TION�,
EXECUTION, AND PROVIDING FOR P��YMENT OF GEN�RAL
BONDS OF 1964.
RESOLUTION N0. 2G19
DIRECTING THEIR
OBLIa1�I0N IMPROVEMENT
It was moved by Councilman Howard, s�eonc�ed by Councilman Thi�l,
to waive reading and aclopt �2esolution No. 2G19, en-�itled, "Resolution
Fixing the Form and Specifications, Directing Th�i-r Execution, and
Providing for Payment of Genei�al Obligation Improvem�nt Bonds of 1964".
Motion passed by a four yea vote.
RESOLUTION AUTHORIZING CERTIFICATION OF BOND OPINION.
RESOLUTION N0. 2620
It was moved by Councilman Thiel, seconded by Councilman Heltzer,
to waive reading and adopt Resolution No. 2620, entitl�d, 11Resolution
1luthorizing Certification of Bond Opinion" . Motion passed by a four
yea vote.
ADJOURNMENT
On motion of
meeting was
ATTEST :
Councilman Thiel, seconded by Councilman Howard, the
adj ourned at 2: 23 p. m. , by a four yea �vote .
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