RES 1960-132 - 00012861 (2)March 30th of each year and shall mature on September 30th, 1962,
shall be subject to redemption and pre- payment on any interest
payment date, at par and accrued interest. Not less than 30 days
before the date specified for redemption of said bonds, the City
Treasurer shall mail notice of the call thereof to the holder, if
known, said Treasurer shall maintain a record of the names and
addresses of the holders of s&id bonds insofar as such information
is made available to him by the holders thereof, for the purpose
of mailing sadi notices. The principal and all interest on said
bonds shall be payable at Fridley City Hall, 6431 University
Avenue N.E., Minneapolis 21, Minnesota.
' SECTION 9. Said temporary improvement bonds shall be mimeo-
graphed and when so mimeographed shall have
attached thereto an interest coupon which Bond and coupon shall be
substantially in the following form: (See pages 20, 21, and 22 for
sample bond and coupon.)
ADOPTED AND PASSED BY THE CITY COUNCIL OF THE CITY OF
FRIDLEY, THIS 4TH DAY OF OCTOBER, 1960.
MAYOR - T.E. Greig
CITY MANAGER - Ear . Wagner
ATTEST:
f % /' d1Lu 1a_ �1kA% -& W
CITY CLERK - Marvin C. Brunsell
RESOLUTION N0. 132 - 1960
A RESOLUTION DIRECTING THE SALE OF T121FORARY IMPROVEMENT BONDS
IN ACCORDANCE WITH THE LAWS OF 1957, CHAPTER 385
BE IT RESOLVED By the City Council of the City of Fridley,
Anoka County Minnesota, as follows:
THAT WHEREAS It has heretofore been determined by this
Council to issue temporary improvement bonds in order to provide
the necessary funds for the construction and payment of expenses
relative to the following improvement projects: to -wit: Sewer and
Water and Storm Sewer Improvement Project #36 -1960 as per plans
and specifications approved by the City Council; and
WHEREAS It has been determined that there is at the present
time an amount in excess of 0100,000900 in the following fund,
to -wit: SPECIAL ASSESSMENT FUND (Sinking Account) which sum will
not be required for other purposes prior to September 30, 1962,
IT IS THEREFORE determined to be in the interest of the City
of Fridley that the sun of $100,000.00 of Special Assessment Fund
(Sinking Account) BE INVESTED as authorized by law and in accordance
therewith it is hereby determined to purchase the sum of $100,000.00
of the aforementioned Sewer and Water and Storm Sewer Improvement
Project #36 -1960 Bonds, Series "A" temporary issued under date of
September 30, 1960. UPON their initial issuance in accordance
with the provisions of Minnesota Statutes, Sec. 429.091, 471.56,
and 475.66, out of the funds in Special Assessment Rand (Sinking
Account) and on behalf of said fund at par and accrued interest as
of the date of delivery of said bonds and completion of such sale;
it being further determined to be reasonable and advantageous to
Sinking Account of the Special Assessment Rand to invest in said
temporary improvement bonds and to be reasonable and advantageous
to the City to sell said temporary improvement bonds to the Sinking
Account of the Special Assessment Fled, in accordance with the provisions
of this resolution.
SECTION 1, The City Manager and Treasurer are hereby
authorized and directed to take any and all
steps necessary to effect the provisions of the aforegoing
resolution and to make such transfer of funds as may be necessary from time
to time to give effect to the provisions hereof.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF
FRIDLEY THIS 4TH DAY OF OCTOE -?., 1960.
MAYOR — T.E. Greig
CITY MANAGER — EatL P. Wagner
ATTEST:
CVU2L..
CITY CLERK — Marvin C. Brunsell
RESOLUTION N0. 133 — 1960
A RESOLUTION RECEIVING ITM PREIDaNARY REPORT AND CALLING A
PUBLIC HEARING ON THE BATTER OF THE CONSTRUCTION OF CERTAIN
IMPROVEfvMNTS: (JACKSON STREET STORM SEER)
WHEREAS, the construction of certain improvements is
deemed i;o be in the interest of the City of Fridley and the
property owners affected thereby.
BE IT RESOLVED By the City Council of the City of Fridley
as follows:
1. That the preliminary report submitted by Comstock and
Davis, Inc. Consulting Engineers, is hereby received
and accepted.
2. That this Council will most on the 1st day of November,
1960, at 7:30 o'clock, P.A:, at the City Hall in the City
of Fridley for the purpose of holding a Public Hearing
on the improvements noted in the Notice attached hereto
and made a part thereof by reference, Exhibit "A ".
3. That the area proposed to be assessed for said improvements
and each of them as noted in said notice are all the lands
and areas as noted in said notice: All of the same to be
assessed proportionately according to the benefits received.
4. That the City Manager is authorized and directed to give
notice of such Public Hearing by publishing a notice thereof
in the official newspaper of the City of Fridley according
to law, such not #e to be substantially in the form and
substance of the notice attached hereto as Fxhibit "A ".
ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 4TH
DAY OF OCTOBER, 1960.
ATTEST:
s• ,
MAYO Greig
INGt�i.flL-
CITY MANAGER — Earip. Wagner