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Home My WebLink About7356 (Res.)197N' • • A • RESOLUTION NO. 7355 RESOLUTION AUTHORIZING ISSUANCE AND SALE OF $600,000 GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1984E BE IT RESOLVED by the City Council of the City of Stillwater, Minnesota, as follows: 1. Bond Authorization. For the purpose of financing the local improvements designated below, this Council determines that it is necessary to sell and issue general obligation improve- ment bonds of the City in the amount of $600,000. The improvements to be financed are as follows: IMPROVEMENT DESIGNATION ESTIMATED COSTS Refund Temporary Improvement Bonds, 19818 Principal $390,000 Interest 19,500 L. I. 184 Oversizing and Change Orders 214,681 L. I. 216 Westphal Heights 12,490 L. I. 218 West Orleans 200,000 Less: Funds on hand and Water Board Contribution 256,325 2. Sale Terms. Springsted Incorporated, bond consultants to the City, has presented to this Council a form of Official Terms of Offering of the sale of the bonds, and a form of Notice of Sale for publication, which forms are attached hereto and shall be placed on file in the office of the City Clerk. Each and all of the provisions of the Official Terms of Offering are hereby adopted as the teens and conditions of said bonds and of the sale thereof, and shall be made available to all prospective purchasers of the bonds. The City Clerk is authorized and directed to cause the Notice of Sale to be published once in the official newspaper of the City, and once in the Commercial West, a financial periodical published in Minneapolis, at least ten days before the date of sale. 3. Sale Meeting. This Council 9iall meet on Tuesday, September 11, 1984, at 4:30 P. M., to consider the bids received for the purchase of the bonds, and to take such actions thereon as is deemed in the best interests of the City. Adopted by the City Council this 23rd day of August, 1984. Published: August 30, 1984 Attest City Coordinator RESOLUTION NO. 7356 elitir 4 gd-ao RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $675,000 GENERAL OBLIGATION CORPORATE PURPOSE BONDS, SERIES 1984. BE IT RESOLVED, by the City Council of the City of Stillwater, Minnesota, as follows: Section 1. Recitals and Bond Authorization. It is hereby determined to be necessary and expedient for the City to issue and sell its General Obligation Corporate Purpose Bonds, Series 1984, in the principal amount of $675,000 to finance various capital projects within the City, pursuant to Section 200 of the City Charter and Minnesota Statutes, Sections 475.52 and 475.58. Section 2. Terms of Sale; Notice. Springsted Incorporated,bond consultant to the City, has presented to this Council a form of Official Terns of Offering and a form of Notice of Sale for publication, which are attached hereto and shall be placed on file in the office of the City Clerk. Each and all of the provisions of the Official Terms of Offering are hereby adopted as the teens and conditions of said bonds and of the sale thereof, and shall be made available to all prospective purchasers of the bonds. The City Clerk is authorized and directed to cause the Notice of sale to be published once in the official newspaper of the City, and once in the Commercial West, a financial periodical published in Minneapolis, at least ten days before the date of the sale specified in the Notice of Sale. (continued on page 198) 0 • • m"198 m • RESOLUTION NO. 7356 - continued Section 3. Date of Sale. This Council shall meet on Tuesday, September 11, 1984, at 4:30 P. M., to receive, open and consider sealed bids for the purchase of the bonds, and to take such action thereon as is deemed in the best interests of the City. Adopted by the Council this 23rd day of August, 1984. Published: August 30, 1984 Attest: City Coordinator RESOLUTION N0. 7357 RESOLUTION DIRECTING THE PAYMENT OF BILLS. RESOLVED, by the City Council of the City of Stillwater, Minnesota that the following bills are hereby audited and approved for payment, and that order -checks be issued for the payment thereof: Abrahamson, Wallace Century Power Equipment Co. Commissioner of Transportation Crossings, Inc. Earl F. Andersen & Associates Glaser. Paul Don Harstad Company Hayden -Murphy Equipment Company J. C. Pihaly Company Laidig, Paul Land Care & Equipment Company Linner Electric Company Lystad's, Inc. Means Services, Inc. Mid -Central Fire & Safety Miller Davis Company Mn. Dept. of Public Safety Muller Boat Works Neen Foundy Company Northern States Power Company Reardon, Wm. Michael Reliable Appliance Service R. L. Gould & Company St. Croix Lock & Key St. Paul Police Band Satellite Industries, Inc. Short -Elliott -Hendrickson, Inc. State Treasurer Stillwater Photo Stillwater Township Tailor Maid of Stillwater T. A. Schifsky & Sons Trail Dodge, Inc. Twin City Silica, Ltd. Uniforms Unlimited Van Paper Company Washington County HRA LPD Electric, Inc. Meister, Kenneth Owatonna Computer Service St. Paul Pioneer Press Barthol, Robert C. Magnuson. David Metropolitan Waste Control Commission Pederson Bros. Cement Contractos Peterson, Craig Car Allowance Clutch Spring & Gasket Manuals Application #6 3 Signs Boiler Engineer Meter Locks/Cranks Helmet Shields Account Payable Checks Blood Alcohol Tests Snow Blower Attachment Lighting Repairs Pest Control Uniform Rental Gloves Legal Forms CJDN Connect Charge Tow Dock Catch Basin Energy Charge Expenses Motor -Stove Fan Rubber Fingers Re -Key Locks Concert Rental Engineering Surplus Goods Film Work On Neal Avenue Tailoring Blacktop Turn Signal Switch Sand Badge Tissue/Towels Heritage Ford Project Replace Bulb Mileage Service Agreement Ad- Chief of Police Photo Work Legal Services SAC Charge for August Curb & Gutter -River Front Pa -king Meter Repair Inderieden, Nancy Design -Letterhead Adopted by the Council this 4th day of September, 1984 Published: September 10, 1984 Attes City Coordinator 0 $ 150.00 4.70 30.00 32,760.65 109.31 100.00 21.36 18.62 320.33 80.00 872.20 384.40 216.15 402.78 126.00 45.50 40.00 52.50 321.64 12,956.97 71.26 54.25 16.80 120.40 175.00 756.00 947.44 22.55 12.27 9,035.56 16.00 1,148.22 24.99 58.00 22.50 96.00 320.00 45.00 42.00 165.00 128.70 32.50 2,976.95 294.03 2,485.00 92.00 291.50 $68,463.03 • J • •