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' . .,.. . • . _ .. .� ,: ,J.y- . . _ - p y _ ix• ` r;� �. � { ,� `" �•' ; :�� : - ;� _ .�:` - • + z �— � JUEL MERCER — COUNCIL SECY. � ��' ; COUNCIL MEETING AGENDA � x 7:30 P.M. DECEMBER 13, 1971 �` �.. � � i ;� � � _ 1 �. �a .� � .;. ,rs, r a� a , �'��;3 � ' � � '_ ! . `x �- � : �. F � � � - . "ir � y � . . . . � �:�3 � � � � - - � .�2' �, �{ � � 3 �' � -, " �`�x'c � c � � . . "`�'Sr,�, ...�5�a. � � . � � � � � ~� �� .�, � , ..... - . . .. � �� - . � . ... ' . . . s� � � � � . � �. . .. � . . . . �. . � � � � *. . ., . . . ... � . . .. . � . . . ... - - ..,, ,, ,�< . , , . � - , �, � _. r ' . . � . . , . . . . . , . � .';.; . 1.,..��''�. � � �' . � .. � . . . � . � . � . . � � .. � . . # i. .. _ . .. . .. . . . _ . . . .. . � .� � � � . _ � . � . - � . .. �; '� . .. . � . � '.- � s � . _ . . � . . . � �. 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On Improvement - Water, Sanitary Sewer and Storm Page 1 Sewer Project No. 102, Addendum ��1 ' � � ' ' 7:30 2. On Rezoning Request (ZOA ��71-08) by General Realty P$ges 2- 5 Company to Rezone Lots 16 through 22, Block 16, ' Hamilton's Addition to Mechanicsville From R-3 to C-2 (Generally Located on the East Service Drive of T.H. �47 North of 53rd Avenue) ,r '' ' ' 'il � CITY COUNCIL PUBLIC HEARING MEETING, DECEMBER 13, 1971 PAGE 2 I� PUBLIC HEARINGS (CONTINUED) I� � 8:G0 3. On Final Plat, Innsbruck North 2nd Addition, by Viewcon, Pages 6& 7 Incorporated, (PS�k71-03), for Phase I and II for the I Townhouse Area Generally Located One Quarter Mile East ' of Matterhorn Drive and One Quarter Mile North of Inter- state No. 694 � I ' � i ' I� ', / OLD BUSINESS: ,, 4. Consideration of Second Reading of CATV Ordinance -0- r � , ' NEW BUSINESS• ' 5. Consideration of a Resolution Authorizing the Changing of Pages 8& 9 the Budget Appropriations within the General Fund, and Authorizing a Transfer to the Locke� Lake Dam Fund No. 104 ,� , I ' I , I ' CITY COUNCIL PUBLIC HEARING MEETTNG, DECEMBER 13, 1971 NEW BUSINESS (CONTINUED) 6. Consideration of a Resolution Directing the Issuance of Temporary Improvement Bonds in Accordance with Laws of 1957, Cahpter 385 -(Locke Lake Dam Improvement Pro ject 4�104) and Consideration of a Resolution Directing the Sale and Purchase, of Temporary Improvement Bonds in Accordance With Laws of 1957, Chapter 385 ( Lock� La,ke Dam Improve- ment Project �k104) 7. Consideration of a Resolution Directing the Issuance of Temporary Improvement Bonds in Accordance with Laws of 1957, Chapter 385 (SS&SW Project �k105) and Consideration of a Resolution Directing the Sale and Purchase of Temporary Improvement B'onds in Accordance with Laws of 1957, �Chapter 385 (SS&SW Pro ject ��105) 8. Consideration of a R.esolution Directing the Issuance of Temporary Improvement Bonds in Accordance with Laws of 1957, Chapter 385 (1970 Street Improvement Projects) and Consideration of a Resolution Uirecting the Sale and Purchase of Temporary Improvement Bonds in Accordance with Laws of 1957, Chapter 385 (1970 Street Improvement Projects) I� ' ADJOURN• PAGE 3 Pages 10 - 16 Pages 17 & 18 Pages 19 - 25 Pages 26 - 27 Pages 28 - 34 Pages 35 & 36 � I' . �. . - I� �� • 0�'FZCIAL PUBI�ICATION 0 CITY OF FRIDLEY (EXHIBIT A) .. � �QOTICE OF HEARING ON IMPROVII�IENTS WATER, SAIdITARY SEWER AND STORM SEWER PROJECT NO IO2 ADDENDUM #1 I� � ��1HiERF.AS, the City Council of the Ci.ty of Fridley, Anoka �ounty, --Minnesota, has deemed it expedient to receive evidence pertaining to the improvements hereinafter described. � ,� , . , . � I' .._ �1 �.. I � • NOW THEREFORE, NOTICE IS HEREBY GIVEN THAT on the 13th day of Decemher , 1971 at 7:30 o'clock P.M, the City Council will meet at [he City Hall. in said City, and will at said time and place hear 811 parties interested in said improvements in whole or in part. .. 1�e general nature of the improvements is the construction (in the lands and streets noted below) of the following improvements, to-wit: ' CONSTRUCTION ITF.1�1 � � Water mains, sanitary sewer, laterals and service connections, storm sewer and appurtenances for streets and areas listed below: � 1. Main Street N,E,: From 79th Avenue to 82nd Avenue 2. 83rd Avenue NeE.: 660' West of University Avenue (T,H.�`47) to � University Ave�e (T,H,#47) ESTIMATED COST . . . . . . . . . . . . . . . . . . , . .� 47,162.00 TNAT THE AREA PROPOSED TO BE ASSESSED FJR 6AID IMPROVE1�lENTS IS AS FOLLOWS: . , i �"For Construction Item above ------------------------------------- � �11 of the Iand abutting upon said streets named above and all lands within, adjacent and abutting thereto. � All of said land to be assessed proportionately according to the benefits received by such improvements. �-That should the Council proceed with said improvements they will consider each separate improve�ents, e�cceot 2s hereafter otherwise provideci by the Cauncil all under the following authority, to-wit: Minnesota Statutes 1961, Chapter 429 and laws amendatory thereof, and in conformity �aith the Cit� Charter. DATED THIS 15TH DAY OF NOVEMEE4 , 19 71, BY ORDER OF THE CITY �OUIvCIL . _ Yublish: December I, 1971 December 8, 1971 MAYOR - Jack 0. Kirkham �i_ � . ' I .� � 1� � ' ' OFFICIAL NOTICE CITY OF FRIDLEY PUBLIC HEARING BEFORE T1iE CITY COUNCIL TO WHOM IT MAY CONCERN: Notice is hereby given that there will be a Public Hearing of the City Council of the City of Fridley in the City Hall at 6431 Un�versity Avenue Northeast on Decenber 13, 1971 in the Council �hamber at 7:30 P.M. for the purpose of; Consideration of a rezoning request, ZOA ��71-08, by Generai Realty Company to rezone Lots 16 through 22, Block 13, Hamilton's Addition to Mechanicsville from R-3 (general multiple family dwellings) to C-2 (general business areas) all lying in the South Half of SecGion 23, T-30, R-24, City of Fridley, County of Anoka, Minnesota. Generally located on the East Service Arive of T.H. #47 North of 53rd Avenue. ' Anyone desiring to be heard with reference to the above matter may be heard at this time. 1 Publish: �lovember 24, 1971 De�cember 1, 1971 ' I' JACK 0. KIRKHAM MAYOR ., � ' , . � .. . ,. . . . � � -, . o. _ (.._�.' .... .-- ' / ' , � '' i j ' � :1 � , , �:�.�� :. � � , . ` _ ` _ , - ,V\ � � ;� t' � ` , _ • t i ° � 3n � � � � _ . � � � ♦� •• � , , ; �� _ : d, y ,:: � _ , �'�:„�i v � .; v <°0. � � ) , �_ -- , �` - $ e � i �r� [` � � , � 1 J� . �' ly_', _ . .._ � \� � � . ,' � � � ` '� � . - - -� � - - - - , �1, � _.,� 1. _-�--'� - _ _ f L ' --� ' � ZOA ��71-08: General Realty Co. , - t'1 Orig L 20, 21, 22 Hamilton's Add. . � to Mechanicsville. � � ; � , . ��--__-.-.=�__--- - __ Added L.16-19. to P.H. notice � �'' t„ - - � _._,, ----T � ! �1 `• ,,. � � . � � i - d ' .�. � � � i � � yl�, a I p\'' �j � '�. }. ��' .�,�,.,� . ... : �L' F'i � i / �. s�..�e ..�_�__"__""_" _'__ _....�fii� _.' 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'r.>•.:��l. iv � 'L:_--� il'..[9R1.^ -i.;z,� --�--*,^�• ��L �� ... . �a f ��J. . � � I"i �' i�. � � ^le.r� � I d /'J'�••. _ � ,1• � I ' . � S�� nS� ti�,' � , � � �� , 1 . . . i , � �lanni.n Commission Meetin - November 3 1971 P`��=-'-- � j,. PUBLIC HEARING: ZONING RE UEST ZOA i�71-08 GENERAL REALTY: I.oGs 16 through 22, Block 13. Hamilton's Adclition to Mechanicsville to be rezoned from R-3 (general multiple family dwelling) to C-2 (g�eneral business areas?. � ' , � MOTION by Schmedeke, seconded by Fitzpatrick, that the Planning Commiss�on ; waive the reading of the Public: Hearing Notice for the rezorling request, 70A #71-08, by General Realty. Upon a voice vote, a11 voting aye, the motior: carx'1ed unanimously. Mr. Adolph Fine, the petitioner, said that the reason he was asking for a change in the zoning was that, at the present time, there is a filling station pn the site which has been there for many years under a non-conforming use. They would like it to be in a conforming use and the same use as the property immediately adjoining it on tT� N�ot�he Northdwasnmadeaandareceivedafavorablylby the application for the prope y the Planning Commission. ' Wayne Peterson was present and the owner of the property to the North. He felt all of the lots abutting University Avenue South of his property to 53rd Avenue should be zoned to commercial. , Chairman Erickson commented on the fact that the application for rezoni.n$ included Lots 16, 17, 18 and 19 in addition to the original request for Lo�.s 2Q, 21 and 'L2. Although there was a letter from the Standard Oil Company stating ' they were interested in rezoning their property, Chairman Erickson did not feel this was a formal application. � , ' , , MOTION by Minish, seconded by Zeglen, that the Plannirlg Commission ��OSe �he public Hearing of the rezoning request, ZOA #71-08, by General Realty to rezone Lots 16 through 22, B1ock 13, Hamilton's Addition to Mechanicsville to be rezon�d from R-3 to C-2 (general business areas). Upon a voice vote, a11 voting aye, the motion carried unanimously. MOTIDN by Minish, seconded by Zeglen, that the Planning Commissiof� recommend to Council approval of the rezoninq request, ZOA #71-08, by General R�:alty to rezone Lots 20, 21 and 22, B1ock 13, Hamilton's Addition to Mechanicsville, as it is desirable to eliminate the non-conforminq use to be consistent witt: the �arcel to the North, and that an application for Lots 16 thrvugh 1`?, 81ock 13, Ramilton's Addition to Mechanicsville be processed through the reyular chdnnels. (lpon a voice vote, a11 votinq aye, the motion carried unanimously- 2. PUBLIC HEARING: REZONING RE UEST ZOA �171-09 BY CASTLE MOBILE HOMES INC.: The Westerly 600 feet of the� Northerly 750 feet of the NE� of the N[�fi-� af Section 12 to be reaoned from M-1 (light industrialrareas) to C-2S igeneral shopping areas). g, PUBLIC HEARING: RE UEST FOR A SPECIAL USE PERMIT SP ��71-14 CASTLF MO�1L� � HQMES, INC.: As per Section 45.101^3N of the Fridley City Code for the location of Mobile Home sales on the Westerly 600 feet of the Southerly 320 feet of the Northerly 750 feet af the NE� of the NW� of Section 12. ' '' .� � � ��n��a� �EczC� �o. i��Q �tCOuat G�vcntu ' �(tnnaa�io�ia, di'(innaaoEa 55404 b12-33b-�391 � ' � ' , �� ' ' , ' ' ' ,dQr.a� �aEa�� ' 1r�'ua�+j�ss �avr�Eoa � � c�{dal�� f,�61 �� a�`I ss�► +�, �iltc ��,�.� 0 �3r� Navembsr �E�+ 1971 � ��- � ��') F�idley City Gouncil � ( � � � 6431 University Ave. Fridley, Minnesota 55421 Attentien: Mr. Jack 0. Kirkham, Mayor Gentlemsn: This is to arknotivledge receipt of the Notice of Public Hearing before the City Caunci! concerning my property described on the attached pfficial notice. I rPg�et that I will not be abie to be present at the public hearing due to my absence from the city. I am still very desirous of the rezOning and would appreciate f.avorable action by the council, If you think it necessary that ! have a reprPSnntative at the public hearinc�, I will try to ar�ange for someor�� to be there on my behalf. Let me kno��r at your eariiest convenience. , Yours va ry truly, GEtvERAL REALTY C0. _ __ _ �. .` _ - \ _ .. 1 _. , � _ ��( � � r;� `- �� .. -L.-�ti-�-- \ �c�-- � Adoiph Fine AF/re . Enc. OFFICIAL NOTICE CITY OF FRIDLEY PUBLIC HEARING BEFORE THE CITY COUNCIL TO WHOM IT MAY CONCERN: Notice is hereby given that there will be a Public Hearing of the City Council of the City of Fridley in the City Hall at 6431 University Avenue Northeast on December 13, 1971 in the Council Chamber at 8:00 P.M. for the purpose of; Consideration of the Final Plat, Innsbruck North 2nd Addition, by Viewcon, Incorporated, PS. �k71-03, for Phase I and II for the Townhouse area generally loc- ated One Quarter Mile East of Matterhorn Drive and One Quarter Mile North of Interstate No. 694 being a replat of Outlot F, Innsbruck North, lying in Sec- tion 24, T-30, R-35, City of Fridley, County of Anoka, Minnesota, Anyone desiring to be heard with reference to the above matter may be heard at this time. JACK 0. KIRKHAM MAYOR Publish: November 24, 1971 December 1, 1971 � � �� Jw� I Y�� f1 � �.,�..�.,,..�. r��Y r.�..;�� b �`\� `-� �.�\ ,o � -\ n �� ii d�►\\`�� ,� �rer Nase Final Plat P.S. #71-03: Innsbruck North 2nd Add. Phase I and II fox Townhouse Area �+ � ►�.:::� • �. �-. �._ . . . �N , a ,wv r� s "s � � _ _ „ s �� - �, ��sai � , � B0� � � �� si ... �.. �.. ., .. .. R'�` t� �I �� 1\ �r �� a��9 �� ■�I ..■�' q oapl�po�� d � --' �'�ti ieem��° � �� 4: �,, � °�_ � � e�o��aee-o, ; �i' G��i�3�� , :. �� a' r��.. a � r� i�., �� oov � ; �� i�`�I�' �� , o �� ;�,�,�� . ° � ��F��:�� c�r/I��:I��m1�1 �� Q ��11 L N l t�lfi.H r 9•�h1 �vc��mca Q �� .�� ,�►aea��r, ; � �.�♦.�,,, „` �bd��,�'�' aaQ�oo ,,° • � `'� � • ! ,,. � , � � ��;o�,`° ��, ��°�o � ; .�,. '4► O - ��..•�' ee°� � , • . . ,. . � `�� r��!��,�e I�i � �' 'y.��'.��.�� ' . � ■�BaP �mo�i m 4i ��la�aoo_: � d a0 �ai a�aoo�a�� - tr��o[��o. .:ao� ... . '� 0100��0 , - � �00�=0 � � � P .�o . � �'�;c�� o �is `�a0'-� � '-�.��;,; . �!�r�� `�l .�`.,�� '- i_ M �� ,, � ��; � � ;�� s�aoa0: ead � ��\� � — -�� d�a�o ' �� . � n �r � ., �m � a � �� a �s!�1 ,� .�d� .A �� ,: . ��. I _� ,�� o ��,a �, o r.�,s�g _ �, .� � o� �o,.y,.�' S e �y-.7a �'d 7 � �,�,.:x..,��+ .,� y ce�f.�v �p �ir� :�� n� ��`y�,�� ' 0 , � ai .. ,.,.,. "",,.,,Y,�.� �.�r�� 0 0� 0��.; :� d `� *, .,, e Er?��;r'i7:•,r�� e , ' � , ' i 1 ' MEMO T0: GERALD R. DAVIS, CITY MANAGER, AND CITY COUNCIL � FROM: MARVIN C. BRUNSELL, FINANCE DIRECTOR SUBJECT: BUDGET TRANSFER � DATE: DECEMBER 3, 1971 ' The attached resolution would authorize the appropriation of $6,200 of Emergency Reserve Funds and authorize the transfer of this money to the Locke Lake Dam Fund. ' , The estimated cost of this project, including all incidentals, is now approximately $16,200. Approximately $10,000 would be assessed to the abutting property owners if the Council � authorizes the payment of $6,200 from the General Fund. ' ' � ' ' � '� , ' ' i � ;� RESOLUTION N0.' � 1971 A RESOLUTION AUTHORIZING THE CHANGING OF THE BUDGET APPROPRIATIONS WITHIN THE GENERAL FUND, AND AUTHORIZING A TRANSfER TO THE LOCKf LAKE DAM FUND N0. 104 WHEREAS, The City Council has previously authorized certain expenditures beyond the budgeted amounts allocated to the various departments of the City's General Government not previously anticipated in the 1971 Budget, NOW, THEREFORE, BE IT RESOLVED, By the Council of the City of Fridley meeting at a special session on the 13th day of December, 1971 as follows: 1. That the appropriation for the following activity be reduced as follows: Reserve for Contingencies $6,200.00 2. That the appropriation for the following activity be increased as follows: Public Works $6,200.OQ BE IT FURTHER RESOLVED, That a transfer of $6,200 from the General Fund to the Locke Lake Dam Fund No. 104 is hereby authorized. PASSED AND ADOPTED BY THE CIi'Y �CQ,t1NCIL OF TNE CITY OF FRIQl.EY � � � � � � THIS �' DAY 0F `� , 1971. ' ATTES7: CITY CLERK - MARVIN,C. BRUNSELL MAYOR � JACK 0. KIRKHAM � I, 1�` 1 1 MEMO T0: GERALD R. UAVIS, CITY MANAGER, ANQ CITY COUNCIL '' FRUM: h1ARVIN C. BRUNSELL, FINANCE DIRECTOR � SU6JECT: TEMPORARY BONDS - LOCKE LAKE DAM IMPROVEMENT ' PROJECT N0. 104 DATE: DECEMBER 6, 1971 � The attached resolutions would authorize the issuance, and sale and purchase of $10,000 in temparary bonds for the ' Locke Lake Dam Improvement Project No. 104. No financing has been provided for this project up to this ,' date. Ten thousand dollars is the approximate amount that will be assessed to the abutting property owners, and will therefore have to be financed over a period of time. I' � � � I' ' ' ' � �- ' � �' �' I � UT or1 No � � � � 1971 RESOL I . 0 A xESaLUTION DIRECTING THE I5SUANCE OF TEMYORARY II�ROVBMENT BONDS ' IN ACCORDANCE WITH LAWS OF�1957, �HAPTEit 385 BI�4 IT RESOLVED By the Cou�►cil of the City of Fridley, Anaka County, Minnesota, aa follows; SEC. 1. The total estimated cost of Locke Lake Dam Improvement Proaect No. 1Q4 � has been estimated at �16,200.00 • ,.�. . SBC. 2. It is now estimated that the s� of $10,000.00 is cuzrently aecessary to provide financing of the projects above noted, and it is hereby detenuined to be necessary to borrow said amount for the payment of obligatioaa now �ncurred and for expenses necessarily incurred in connection with the construction of said improvement project. SEC. 3. There is hereby created Locke Lake Dam Improvement Project No. 104 which shall conta�Ln a coastructiom account 1� as p�rt thereof into whict� eha11 be paid all proceeds of temporary bonds issued pur�uant to this resolution and similary subsequent reeolut�ons, and aut of -�h1ch shsll be paid all amo.unts due and payable as costa or expenses iacident ta or incurred in conaection with the making of said impravesnent. . 4. There is aiso hereby created Locke Lake Dam Improvement Project No. 1Q4 a P d� I Account�_Which sccote�t ia aaid fund may and shall be termed as the P& I Fut►d, i.nto which .,._....,,_...__ �►hall be. paid the proce�eds of all special assessments levied againsC b1m�+fited p�operty by reason of making of said improvements as well as all ather maniea therein to be paid as prw ided by law and out of which shall bQ p�i.d ths princip;l ' a�►d .i�oiterest on all temporary improvement bonds iasued to finaace �taid -project. �" It ia hereby determined that the stan of $10,000.00 �hall be bArXO�wed to finance said Locke Lake Dam Improvement Project No. 104 � Nith respect to cost of construction and expenses neceasarily incut'�Ced relative I ' ' � �� ' Lhereto .to,[his date, by the issuaztce of teroporary imprav �ae:�t bonds of Che ��t,�r of Fridley as authorfzed in Minnesota Statutes, SEG. l�29.01, Subdiv�aian �a �.0 �tm+�t►d�ed by. Laws 1,957, Chapter 385. S�. 6, Said bonda shall �e payable from the 'P & I Fund of the following. ` Lo�ke Lake Dam ImRrovement Project No. 104 but th� City #uriher rec�gni�zed its duty under the law� as provided by Sec. k29.Q91, and Covea�nts and agrees with the purchaser and all holders fraq Cims Co time# of �►a�,d te.mporary impravement bonds, at or prior ta the maturity thereo� thatt it yill pay and retire such bonds and the interest thereon put of the pxoceeda o� defi�tltive improvecnent bonds which ttie Council shall issue and sell $t pr �x�c�r � to tho matuzity of the te�nporary improvement bonds to the extent ihat the aame caaqpt be �aid our of €unds available in the P& 1• Fund of Locke Lake , , Qam Improvement Project No. 104 or out of other Municipa�l fuada which are propexlY available and are appropriated by the Council fox �uch purpo$e. � EV V. 7• It is hereby detexmined to levy special assessments against beneflted ' � �.....�,.�— . �, pxoperty by zeasan of th� m�king of Locke Lake Dam Im�rovement Project Na. 1Q4 ■__J ' � ' � II� • and to levy ad valorem taxes, i.f necessary; to praduee aums at least 59, in excesa of the amounts sufficient to pay principal tnd interest when due on said temporary improve�ent bonda and on any defini.tive bond� to be issued as herein provided, such apecial assessraents to be p�.�ced pq the tax rolls at such time when said impravement projects hav� beec� compi.eCed o� the total cost thereof has been determined. �E�C,�. 6' Said temporary improvecuent bonr�s in the amounC of �10,000.Q0 ak�a�,], be denc�ninated Locke�Lake Dam Improvement Project No. 10� Bond Series "A" � ahall be two (2) �.n �u�ber • �t�d r�umb�red frcm 1[0 2 inclusive, each in the deno;nination of $5,000.00 ihall beaT interest at the rate of 7% per annum, payable secni-annuaj.l.y on �. � Oecember and June o� each year and shal.l mature an December 1, 1974� �h��.�. be �ubject to redemption and prQ-p�y.�ent um m�y interest paymenC daCe, ttt ��r , , , �tttd accrued interest. Not less than 30 days b�fora the d�:.E specifi.ed ��r �`� , redem tion on said bonds, the Cit Treasurer sh�ll.tpail nQtic� of the cc�ll. r ' thereaf to the holder, if known, said Treasu�er shall maintain a recard of ' the t�ames and addresses of the holders of said boc�ds ictsof�x a$ su�h ir��pTmatipn ' ia mad� availabl� ko h�m by the holders the�eQf, �or the purpase of ma��,t�$ Said nokices. The principal and all inkerest on said bond� sha�ll bQ p�ya�b1�B ' at Fridle Cit Hall 6431 Universit Avenue N.E. Mi.nnea olis MinnesoCa ' ' S5k21. SEC. 9. Said temporary improvc�nent bonds shall be mimeographed and when so � mimeographed shall have attached thereto an in,terest coupon which bond and Coupon shall be substantially in the following form: , ,' • � ti (Forn� uf Coup�n.) ' I No. $ (Unless the bond described below is called for earlier redempti.on) '' on the day of _ ___. 19_, che o� �,,,,, County, Minnesota, will pay to bearer at ' , Minnesota, the sum of __ doll.ars �a��ul � money of the United States of America tor interesC then due on i,ts pATED , CITX MANAGER " Rn MAYOR SEC. 10. Said bonds and coupons attached shall be prepared under Che direction I ...._.___�_.— '� � pf Che Ci_ty M��nager and shall b� executed on behilf. �f th2 City by the sigzi3tt�:�: '' of the Mayor and M�iiager, and Ct►e coipurate seal of the City shall be affixed , � � 11 u� mineodraphec ario aJtaenti.� thereta, and the appurtenant iuterc�st c�u�on s`_is �`9 ' �k by the pzin[ed, engraved, lithugraphed, or facsimile signaCures of said M�tyor i�� ' ' , , � ' ' ' � ' ' ' ' ' ' ' ' ' Ma�Fagex� When said bonds have been enecuted and authenti.caCed they shall be delivered by the Treasurer to the purchaser thereof, upon payment of tho puxch�ae price heretofox's agreed µpon and accrued intere�cGo dats of delivery apd �aid puzchaser sha1�1 t�at be obliged to see to the applica�ion Chereaf. � $�C. 11. The City Manager is hereby authorized and directed to �i1e a cer��iiAd __.._.--�,.._ capy of this resalution wfth County Auditor of Az�oka Gounty, tAgethsr wiCh a�uc� other information as he shall require and to obtain from said CounCy Auditox a certificate that said bonds have been entered on this bond register. SEC. 12, The bonds issued hereunder shall be payable for Locke Lake Aam _,.____._.�._..� Imorovement Proiect No 104 which is hereby crQated. The � Treasuxer shall cause all monies received from the praceeda of sai.d bonda, all mp�ies appxopriated and transferred from other funds and a12 special asss�s�qettis for the impravements provided that if any payment of principal or interest Bhal.l� becosae due when there is not sufficient money in said fund Co pay the sau�e, the Treasurer shall pay'such principal or interest from the general fund of th� City at►d such fund shall be reimbursed for such advances out of monies to be cradi.k�d �p said fund when said monies are coilected. All proceeds fQr said bond� exc�pt accrued interest shall be credited tc� the fund and used CQ pay the cosc of sa�,d improvements. STC� 13. IC is further provi.ded that should it appear a[ any time thaC the monies �tedited to sa�d fund and provided for the payment of pxincipal ar i[tterest an th� b0i�ds when the si.ans become due are nat suf�icient to pay the same, that thep the Ci,Cy shall issue further definitive improvement bonds as authorized and provided i11 aCCOrdance with Minnesota 5tatutes, Sec. 429.091, ChapCer 475, ac�d kt�aG Che prp�ess of said further definitive bonds shall be first used to �ay th8 p��n+�i(��. and interest as �.s then due and to red�e:� th� tEm{�orary bonds i.s�u�d ther�und�r. � ii I � , ' ' , � ' � � ' SBCT. 1_4� The City Council has detennined that not less than twenty percen[ (207. .I,j of the Cotal cost of said impravements will be paid by special $sses�men�s ta be l,evied against every lot, piece or parcel of land benefited by the said i�op�ca��sa��t�. The City hereby covenants and agrees that it will do and perfozw, as sopn aa th�y ean be done, all acts and things necessary for the final and valid levy of �ttCh special assessments, and in ihe event that any such assessments be at any time held invalid with respect to any lot, piece or parcel of land, due to any er�COr� defect or ixregulaxity, or in any action or proceeding taken or to be taken by the Council or any of the City Officers or anployees, either in Che making of such assessment or in the performance of any condition precedent thereto, the City and this Council will forthwith do all such further proceedings as tnay be required by law to make such assessments valid and binding lien$ again�t such property, and also shall take such further proceedings as may be requfred by law to pravide monies for the payment of principal and interes[ as the same fall due on the bonds issued her�under and to provide for the redemption o� the same. � $EC, 15. It is hereby determined that the collection of special assessments �nd the proceeds of monies appropriated and transferred fro�n other funds ia and wi�l be in an amount of at least five per cent (Sx) in excess of Che amount ' ° ��rquired to pay the principal of and the interest on said bonds when due and � � � �J ,� ' th�t no ad valorem tax levy is accordingly required. SEC_�lb. The officers of the City and the County Auditor of Anoka Caunty are h��Ceby authorized and directed to prePare and furnish to the purchaser of said bonds and to the attorneys approving tt�e legali.ty of the issuance thereof, ce�rtified copies of all proceedings and records relating to said bonds and t0 the financial affairs of said City, and such other affidavits, certificates and itt£orwation as may be required, to show the facts relating to the legality and wacketability of said bonds as the sc::�e agpear fror� the bo^!cs and records upder ' � 1 � ; 1� '�� their custod and control or as , � Y otherwise known to the, and such �ertificates, ,' cextif�ed copies and affidavits, including any heretofore furnished, shall be d�ented representations of the City as to the correctness of a11 statements �I ' contained therein. _� � - � � i' PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS DAY OF % �e.�'�'�....�C,,,�-' , 1971 . r __ . � . �� - . _. . � _ � _ _ � . . - . .: MAYOR - Jack 0, Kirkham I � . _. .. . .. . � � I CITX MANAGER - Gerald R. Davis I A��; r - � . �� : _ _ ;� CZTX CLERK - Marvin C. Brunsell � � _ . il' , - � , . . _ ' �.. , ,' . , � . 1 ' , ' ' i ' ' ' , � �J ' � ��RESOLUTIUN N0, - � j971 i� . � A RESOLUTiON DIR�CTING TIIF. SAI.E ANdD PURCFIASE OI� TEtLE'ORARY IMPROt7EMENT BOIv�S IN ACCORD:1i\CE WITH LAWS OF 1957, CHAI'TER 385 BE IT RESOLVED By the City Council of the City o£ Fridley, Anoka County, Minnesota, as follows: __i' . 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: Locke Lake Dam Improvement Project No. 104 � as per plans and specifications approved � the Ci� Council; and - WHEREAS It has been determined that.there is at the present time an amount in �xcess of $10,000.00 in the following fund, to-wit: ; _ Regular Spec�al Assessment Fund � which sum will no[ be re quired for other purposes prior to December 1, 1974 IT IS T�tEREFORE Determined to be i.n the interest of the City of Fridley that the sum of $10,000.00 of the Regular Special Assessment Fund BE INVESTED As authorized by 1aw and in accordance tfierewith it is-hereby determined � to purchase the sum of �10,000.00 of the aforementioned Locke Lake Dam Improvement Project No. 104 issuea under date of December 1, 1971 s , UPON Their initial issuance in accordance with the provisions of Minnesota Statutes, Sec, 429.091, 471.56, and 475.66, out of funds of the Regular Special Assessment Fund 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 ihe Regular Special '' • Assessment �'und co inves� in said temporary improvement bonds and to be reasonalbc and advantageous to the City to sell said temporary improvement ', bonds to the Regular Specia7 Assessment Fund . � � `�' in accordance Wzt't,} p�'4?v�,Si,ons of this resolution, � . SECp 1. Th� City Manager and Treasurer are hereby authorized and directed � .��, t� ��i;e an� an� ��11 step� na�ess�z-y to �xf:cl tF:e ps-ovisionJ o� the : fore�oin� xesolu�io�ts �n.a� i.o �ak� s,,�ch �rans �`ei of ��n!ds as m�;� be nece�sar� ir� time to tirse to g7ve e��ec� to the prGV?s�ons her�of, � PASSED AND �TEd� BY THE CITY CGtJP3C?'I. 0�' T� GI'�Y (3F �'RZ�2LEY T�IS "� � 1 At�X OF �� L" �� . � � � - - ' _ � � 1971. � �TTE ST : �ITY CLEFiK - A1an►iZ C e Brunsell -I��4�.pf3F, - ,Tae�; 4. Kirkha� - cl�� r��A�'�� - Gerald R. Davis � � � 18 � � MEMO T0: GERALD R. DAVIS, CITY MANAGER, AND CITY COUNCIL FROM: MARVIN C. SRUNSELL, FINA�CE DIRECTOR SUBJECT: TEMPORARY BONDS - SANITARY SEWER, WATER AND STORM SEWER IMPROVEMEfJT PROJECT N0. 105 DATE: DECEMBER 6, 1971 Sanitary Sewer, Water and Storm Sewer Improvement Project No. 105 invalves the installation of utilities in the Burlington Northern Plat and some other work along 53rd Avenue. No financing has been provided for this project up to this date. The attached resolutions would authorize the issuance, and sale and purchase of $100,000 in temporary bonds to finance this project. �� /� �l RESOI.UTIOrt N0. � ��.�-' 1971 0 A RESOLUTION DIRECTING TI� ISSUANCE OF TEMP�� IA�I�� NT BOND3 ' IN ACCORDANCE WITH LAWS OF�1957, CHAPTER 385 � IT RESOLVED By the Council of the City of Fridley, Anoka County, 1Kinnesota, aa follows: SEC. 1. The total estimated cost of Sanitary Sewer, Water and Storm Sewer Improvement Project No. 105 has been estimated at $105,000.00 . �. 2. It is now estimated that the sum of ��00,000.00 is currently necessary to provide financing of the projecta above noted, and it is hereby detersnined to be necessary to borrow said amouat for the payment of obligations aow incurred and for expenses necessarily incurred in connection with the construction of said improvement project. SBC. 3. There is hereby created Sanitary Sewer, Water and Storm Sewer Improvement Project No. 105 which shall contain a construction accou�t as part thereof into which shall be paid all proceeds of temporary bonds issued pureuant to thia resolution and similary subsequent reaolutions, and out of -which shtll be paid all amounts due and payable as costs or expensea incident to or incurred in connection with the making of said impravement. �C. 4. There is also hereby created Sanitary Sewer, Water and Storm Sewer Improvement Project No. 105 a P b I Account, which , iccount in said fund may and shall be termed as the P b I Fund, into which �hall be paid the proceeds of all �pecial assessments levied againat benefited '�I� roperty by reason of making of said impravements as well as all other monfea herein to be paid as pravided by law and out of which shall be paid the principal I�I ' '*nd.iaterest on all temporary impravement bonds iesued to finance said.�roject. � ' }r� SBC. 5. It is hereby determined that the sum of �100,000.00 �hall be borrowed to finance said Sanitarv Sewer, Water and Storm Sewer Improvement Project No. 105 Nith reapect to cost of construction and expenses necessarily incurred relative thereto to t�� dat�, by che issuance of temporary Lr�p�QVe��zr�� t� r� �1+�' City of Fridley as authorized in Minnesota Statutes, SEC. 429.01, Subdivision ?�, as amended by Laws 1957, Chapter 385. SEC. 6. Said bonds shall be payable from the 'P & I Fund of the following: Sanitary Sewer, Water and Storm Sewer Improvement Project No. 105 but the City further recognized its duty under the law, as provided by Sec. 429.091, and cavenants and agrees with the purchaser and all holders fram time to time, of said temporary impravement bonds, at or prior to the maturity thereof that it will pay and retire such bonds and the interest thereon out of the proc�eds of definitive improvement bonds which tHe Council shall issue and sell at or prior to the maturity of the temporary improvement bonda to the extent that the same cannot be paid our of funds available in the P� I" Fund of Sanitary Sewer, Water and Storm Sewer Improvement Project No. 105 or out of other Municipal fuada which are properly av�ilable and are appropriated by the Council for such purpose. SEC. 7. It is hereby detennined to levy special assessments against beaefited property by reason of the making of Sanitary Sewer, Water and Storm Sewer Improve- ment Pro�ect No. 105 and to levy ad valorem taxes, if necessary, to produce auros at least 5� in excesa of the amounts sufficient to pay principal and interest when due on said temporary improvement bonds and on any definitive bonds to be issued as herein pravided, auch special assessmenta to be placed on the tax rolls at such time when said improvement projecta have been campleted or the total cost thereof has been determined. SB,C. 8. Said temporary impraveiuent bonds in the amount of ��OO,OOO.OQ shall ' • De denaninated Sanitary Sewer, Water and Storm Sewer Improvement Project No. lp5 8ond Series "A" ahali be twenty (20) in number '' and numbered from 1 to 20 inclusive, each in the denanination of �5,000.00 i� � shall bear intereat at the rate of 7% per annum, payable semi-annually on 21. December and June of each year and ahali mature on December l, 1974 � •hall be aubject to redemption and pre-pay.�Qnt on any intereat payment date, at par 0 ' ' • ;' j i I ' �_ � and accrued interest. Not less.than 30 days_before the clate. specified $or �2 redemption on said bonds, the City Treasurer sha21 mail notice of the ca11 thereof to the holder, if known, said Treasurer shall maintain a record of the names and addresses of the holders of said bonds insofar as such information is made available to him by the holders thereof, for the purpose af mailing � _��. said notices. The principal and all interest on said bonds shall be payable at Fridley City Hall, 6431 University Avenue, N.E., Minneapolis, Minnesota 5542I. SEC. 9. Said temporary improvement bonds shall be mimeographed and when so mimeographed shall hav e attached thereto an interest coupon which�bond and coupon shall be substantially in the following form: , . :•� (Forrn of Coupore) No. $ I�' (Unless the bond described below is.ca2led for ear2ier redernption) on the day of , 19 , the of � County, Minnesota, will pay to bearer at � ,'Minnesota, the sura of dollars lawful � , money of the Un�ted States of America for interest then due on.its 'f ' ' � 1 � ' �; DATED . CITY MANAGER MAYOR SEC. 10. Said bonds and coupons attached shall be prepared under the direction of the City Manager and shall be executed on beh3lf of the City by the signatures of the Mayor and Manager, and the corporate seal of ti�e City sha11 be affixed ' . ' ' ' thereto,�and the appurtenant interest coupon sh�il ba m�meo�r��phed an� a��en �3 by the printed, engraved, lithographed, or facsimile signatures of said 2�ayor and Manager. When said bonds have been executed and authenticated they shall be delivered by the Treasurer to the purchaser thereof, upon payment of the purchase price heretofore agreed upon and accrued interestto date of delivery and said purchaser shall not be obliged to see to the application thereof. ' SEC. 11. The City Manager is hereby authorized and directed to file a certified copy of this resolution with County Auditor of Anoka County, together with such ' ' other information as he shall require and to obtain from said County Auditor a certificate that said bonds have been entered on this bond register. SEC. 12. The bonds issued hereunder shall be payable for Sanitary Sewer, Water ' , and Storm Sewer Improvement Pro.ject No. 105 which is hereby created. The Treasurer shall cause all monies received fram the proceeds of said bonds, all ' monies appropriated and transferred from other funds and all special assessments � J r � ' ' for the improvements provided that if any payment of principaZ or interest shall became due when there is not sufficient money in said fund to pay the same, the Treasurer shall pay such principal or interest from the general fund of the City and such fund shall be reimbursed for such advances o.ut of monies to be credited i to said fund when said�monies are collected. A32 proceeds for said bonds except accrued interest shall be credited to the fund and used to pay the cost of said improvements. SEC. 13. It is further provided that should it appear at any time that the monies credited to said fund and provided for the payment of principal or interest on the bonds when the sums become due are not sufficient to pay the same, that then the City stxall issue further definitive improvement bonds as authorized and provided in accordance with Minnesota Statutes, Sec. 429.091, Chapter 475, and that the process of said further definitive bonds shall be first used to pay the principal and interest as is then due and to redeem the ter�porary bonds issued thereunder. ' ' , i I � . O ❑ � � � . �> � � ' ' II' 0 . ^� SEC. ^ 14. The City Council has determined that not less than twenty p�rcent (20% of the total cost of said i.mpravements will be paid by special assessments to be Ievied against every lot, piece or parcel of land benefited by the said impravements. The City hereby covenants and agrees that it will do and perform, as soon as they can be doae, all acts and things necessary for the final and valid levy of such special assessments, and in the event that any such assessments be at any time held imialid with respect to any lot, piece or parcel of land, due to any error, defect or irregularity, or in any action or proceeding taken or to be taken by the Council or any of the City Officers or employees, either in the making of such assessment or in the performance of any condition precedent thereto, the City and this Council will forthwith do all such further proceedings as may be � required by law to make such assessments valid and binding Ziens again�t such property, and also shall take such further proceedings as may be required by law to pravide monies for the payment of principal and interest as the same fall due on the bonds issued hereunder and to provide for the redemption of the same. � SEC. 15. It is hereby determined that the collection of special assessments and the groceeds of monies appropriated and transferred from other funds is and will be in an amount of at least five per cent (5%) in excess of the amount required to pay the principal of and the interest on said bonds when due and that no ad valorem tax levy is accordingly required. SEC.. 16. The officers of the City and the County Auditor of Anoka County are hereby authorized and directed to prepare and furnish to the purchaser of said bonds and to the attorneys approving the legality of the issuance thereof, certified copies of all proceedings and records relating to said bonds and to the financial affairs of said City, and such other affidavits, certificates and information as may be required, to show the facts relating to the legality and marketability of said bonds as the same appear from the books and records under �, ��'j � ' ' their custody and control or as otherwise known to the, and such �ertificatea, , certified copies and affidavits, including any heretofore furnished, shall be � deemed representations of the City as to the correctness of all statements contained therein. � � � �� PASS�D AND ED BY TI� CITY COUNCIL OF THE CITY OF FRIDLEY THIS � i � , �.-c_r', , ' DAY OF , 1971. , ' , � MAYOR - Jack 0. Kirkham ' ' CITX MANAGEB - Gerald R. Davis ATTEST : r � CxTX CLERK - Marvin C. Brunsell ,,� � j� � II' ,I' � II � • 1 r ' � '� ' � ' . ' ' ' � ' I� �J ' �, /, RESOLUTION N0, . /�_-.': �971 �G . A RESOLUTION DIR�CTING TItE SAT E AND PURCfIASE OI' TEPIPORARY IMPROVEi�SENT BOhiDS IN ACCORD:1i\CF. W1TH LAWS OF 1957, CHAE'TER 385 BE IT RESOLVED By the City Council of the City of Fridley, Anoka County, Minnesota, as follows: _�—� THAT WHEREAS It has heretvfore been determined by this Council to issue temporary improvem�nt bonds in order to provide the necessary funds for the construction and payment of expenses relative to the following improvement projects to-wit: Sanitary Sewer, Water and Storm Sewer Improvement Project No. 105 as per plans and specifications ap� roved by the City Gouncil: and . WHEREAS It has been detennined th�t there is at the present time an amount in • excess of $100,000.Q0 in the following fund, to-wit: Regular Special Assessment Fund which sum will not be re quired for oth�r purposes prior to December �, 1974 IT IS THEREFOP.E Determined to be i.n'the interest of the City of Fridley that the sum of $100,000.00 of the Regular Special Assessment Fund BE INVESTED As authorized by law and in accordance therewith it is-hereby determined J '/. to purchase the sum of �100,000.00 of the aforementioned Saniiary Sewer, Water and Storm Sewer Improvement Project No. 105 issued under date of December 1, 1971 i • UPON Their initial issuance in accordance with the provisions of Minnesota Statutes, Sec. 429.091, 471.56, and 475.66, out of funds of the Regular Special Assessment FUnd and on behal£ of sai_d fund at par and accrued interest as of the date of delivery of szid bonds and completion of such sale; it being further determined to be reasonable and advanta�eous to the Regu]ar SpeCial Assessment F�rnd to invest in said temporary improvement bonds and to be reasonalbe and advanta�eous to the City to sell. said temporary improvement bonds to the Reqular Special Assessment �'und . in accordanc� witi� prov�,$i.ons of this resolution, �� SEC�1. T11Q City Manager and Treasurer are hereby authorized and dfrected � �� C�re ar��t ane3 al� ste� � r.ecessar� �o e`f�c� tize pS-ovzsioz� o� t�e .�foregoin� resolL�io�s an.� �a tx��C� s,�ch �ra�s �`es of f�r�ds �s m�; bc nece�sary fror� time - _�� to time to �ive e��ec� to the grovisions hereof, �.r� f � �� pAS��D AI�iD A�t3�TED BX THE CITY C�J�C?I, �� T� C�'�� (��' �RI�iLEY �U?S % i,'� � _ � � - DAX 0�' � � � �� , „� -/� � �_. � � , 1971. � � �,T�'E ST : � CITY CZEF:ttK - Mar�.�az C, $�unseil G. 2FAYi3� - J�e�c p, Kiricha_n - �� r��A�� GeraTd R. Davi � � . MEMO T0: G�RALD R. DAVIS, CITY MANAGER, AND CITY COlJNCIL FROM: MARVIN C. BRUNSELL, FINANCE DIRECTOR SUBJECT: TEMPORARY BONDS - 1970 STREET IMPROVEMENT PROJECTS DATE: DECEMBER 6, 1971 The attached resolutions would authorize the issuance, and sale and purchase of $235,000 in temporary bonds for the 1970 Street Improvement Projects. Bonds in the amount of $400,000 have previously been issued to finance this improvement project. This �ssue should conclude the temporary financing for the 1970 Street Improvement Projects. � �� ''�' I ' i' I�I' '�� i � - i �--�' RESOLUTIO�N N0. �____ `�y A jtESOLUTION DIRECTING THE ISSUANCE OF TEEMPO�tARY II�ROVEP�AIT BONDS ' IN AiCCORDANCE WITH LAWS OF�1957, CHAPTER 385 BE IT RESOLVED By the Council of the City of Fridley, Moka County, Minnesota, �a folla�s : SSC. 1. The total estima[ed cost of Street Improvement Proiects ST. 1970-1, 1970-2, 1970-3, 1970-4 & 1970-9 6as been estimated at �705,000.00 • SEC. 2. . It is now estimated Lhat the sum of $235,0OO.OQ is curreatly necessary to provide financing of the projects above noted, and it is hereby determined to be necessary to borrow said amount for the payment of obligations now incurred aad for expenses necessarily incurred in connection with �he construction of said improvement project. SBC. 3. There is hereby created Street Improvement Projects ST. 1970-1, 1970-2, 1970-3, 1970-4 & 1970-9 which shall contaia a construction accotmt as part thereof into which shall be paid a12 proceeds of temporary bonds iesued pursuant to this resolution and similary subsequent resolutions, and out of -�ich shtll be paid all amounte due aad payable as costs or expenses incident to or incurred in conaection with the making of said impravement. �� 6C. 4. There is also hereby created Street Improvement Projects ST. 1970-1, 1970-2, 1970-3, 1970-4 & 1970-9 a P 8 I Account, whicb accouat in said fund may and shall be termed as the P� I_Fund, into Wbic� shall be paid the proceeds of all special assessments levied against benefited property by reason of making of said improvements as well as all other moafea therein to be paid as prw ided by law and out of which shall be paid the primcipal ' and .iaterest on all temporary impravement bonds iasued to finaace said..pra�ect. SEC. 5. It ia hereby determined that the sum of $235,000.00 �iwll be borrowed to finance said Street Improvement Projects ST. 1970-1, 1970-2, 1970-3, 1970-4 & 1970-9 vith respect to cost of construction and expenses necessarily incuned relativs �I� . �I, ,� thereto� ta th�.s date, �,y the issuance of temporary imp:ov�a�c�� bonds of th� City of Fridley as author£zed in Minnesota Statutes, SLC. 429.01, Subdivision 3, as amended by,Laws 1957, Chapter 385. SEC: 6. Said bonds shall be payable from the �P & I Fund of the followfng; Street Improvement Projects St. 1970-1. 1970-2. 1970;�. 1970-4 & 1970-9 but the City further recognized its duty under the law, as grovided by Sec. 429.091, and cavenants and agrees with the purchaser and all holders fram time to time, of said temporary improvement bonds, at ar prior to the maturity thereof that it �t3.21 pay and retire such bonds and the interest thereon out of the proceeds of definitive improvement bonds which tHe Council shall issue and sell at or prior to the maturity of the temporary improvement bonds to the extent that the same cannot be paid our of funds available in the P& I' Fund of Street Improvement Projects ST. 1970-1, 1970-2, 1970-3, 1970-4 & 1970-9 or out of other Municipal �' ' .funds which are properly available and are appropriated hy the Council for such � _ ' ' purpose. SEC. 7. It is hereby detezmined to levy special assessments against benefited property by reason of the making of Street Improvement Projects ST. 1970-1, 1970-2 .•]970-3, �970-4 & 1970-9 �nd ta levy ad valorem taxes; if necessary; to ' produce sums at least 5% in excess of the a�ounts sufficient to pay principal � I, ,' II' and interest when due on said temporary improv �ent bonds and on any definitive bonde to be issued as herein provided, such special assessments to be placed on the tax rolls at such time kahen said improvement projects have been campleted or the total cost thereof has been determined. SEC. 8. Said temporary icnpravESUent bonds in the amount o£ $235,000.00 ahall be denc�ninated Street�Improvement Projects ST. 1970-1, i970-2, 1970-3, 1970-4 & � 1970-9 gond Series "C° shail be forty-seven (47) in numb�r Snd numbered from 1 to �7 inclusive, each in the denomination of $�,000.00 shall bear interest at the rate of 7% per annun, payabie semi-annually on December and June of each year and shall mature on December 1, 1974, s�11 be subject to ree��tion and pre-pay�aent on rtny ittterest payment date, at par 30 0 . • i �' i �' ;� s • '' . 1 '". 3�. and accrued interest. Not �ess�than 30 days before the date specified fur redemption on said bonds, the City Treasurer shall mail notice of the call thereof to the holder, if known, said Treasurer shall maintain a recard of the names and addresses oF t.he holders of said bonds insofar as such information is made available to him by the holders thereof, for the purpose of mailing _�` said notices. The principai and all interest on said bonds shall be payable at Fridley City Hall, 6431 University Avenue, N.E., Minneapolis, Minnesota 55421. SEC. 9. Said temporary improvement bonds shall be m uneographed and when so mimeographed shall have attached thereto an interest coupon which'bond and coupon shall be substantially in the following form: , ; � �,. (Form of Coupon) No. $ (Unless the bond described below is called for earlier rederaption) on the day of , 19 , the of County, Minnesota, wi11 pay to bearer at , Minnesota, the sum of dollars lawful money of the United States of America for interest then due on its ' DATED ' � '�� ; CITY MANAGER MAYOR SEC. 10. Said bonds and coupons attached shall bp prepared under the direction of the City Manager and shall be executed on behalf of the City by the signatures of the Mayor and Manager, and the corporate seal of the City sha1l be affixed � f� . � ', � � ' ' ' ! ' , ' � ' , ' '. ' thQre'to, and tha appurtenant iaterest coup-�a st:a�l be rn��ne�Ura�he� an�J a��henti by the printed, engraved, lithographed, or facsimile signatures af said Mayor : Manager. When said bonds have been executed and authenticated they shall be delivered by the Treasurer to the purchaser thereof, upon payment of the purchase price heretofore agreed upon and accrued interestto date of delivery and said purchaser shall not be obliged to see to the application thereof. SEC. 11. The City Manager is hereby authorized and directed to file a certified cogy of this resoluLion with County Auditor of Anoka County, together with such other information as he shall require and to obtain fram said County Auditor a certificate that said bonds have been entered on this bond registez. SEC. 12. The bonds issued hereunder shall be payable for Street Improvement Projects ST. 1970-1, 1970-2, 1970-3, 1970-4 & 1970-9 r,,�hich is hereby created. The Treasurer shall cause all monies received from the proceeds of said bonds, all monies appropriated and transferred from other funds and all special assessments for the impravements provided that if any payment of principal or interest shall become due when there is not sufficient money in said fund to pay the same, the Treasurer shall pay�such principal or interest fram the general fund of the City and such fund shall be reimbursed for such ar3vances out of monies to be credited � to said fund when said�monies are collecte�3. Al1 proceeds for said bonds except accrued interest shall be credited to the fund and used to pay the cost of said improvements . SEC. 13. It is further provided that should it appear at any time that the monies credited to said fund and provided for the payment of principal or interest on the bonds when the sums bec.ome due are not sufficient to pay the same, that then the City shall issue further definitive improvement bonds as authorized and provided in accordance with Minnesota Statutes, Sec, 429.091, Chapter 475, and that the process of said further definitive bonds shall be first used to pay the principal and interest as is then due and to redeem the ter�pora?-y bonds issued thereunder. 32 I i ' . II' ' SEC. 14. The City Council has determined that not less than tweniy p�rc�nt (20%� 33 of the total cost of said improvements will be paid by special assessments to be levied against every lot, piece or parcel of land benefited by the said improvements. The City hereby covenants and agrees that it will do and perform, as soon as they , can be done, all acts and things necessary for the final and valid levy of such special assessments, and in the event that any such assessinents be at any time ' . '� ' '� — � , ' '' held imialid with respect to any lot, piece or parcel of land, due to any error, defect or irregularity, or in any action or proceeding taken or to be taken by the Council or any of the City -0fficers or employees, either in the making of such assessment or in the performance of any condition precedent thereto, the City and this Council will forthwith do all such further proceedings as ma.y be required by law to make such assessments valid and binding liens again�t such property, and also shall take such further proceedings as may be requ�red by law to provide monies for the payment of principal and interest as the same fal.l due on the bonds issued hereunder and to provide for the redemption of the same. SEC. 15. It is hereby determined that the collection of special assessments and the proceeds of monies appropriated and transferred from other funds is and will be in an amount of at least five per cent (5�) in excess of the amount required to pay the principal of and the i.nterest on said bonds when due and that no ad valorem tax levy is accordingly required. SEC.. 16. The officers of the City and the Cou�ty Auditor of Anoka County are hereby authorized and directed to prepare and furnish to the purchaser of said bonds and to the attorneys approving the legality of the issuance thereof, certified copies of all proceedings and records relating to said bonds and ta the financial affairs of said City, and such other af�idavits, cert.ificates and information as may be required, to show the facts relating to the legality and marketability of said bonds as the same appear from the books and records under their custody and control or as otherwise known to the, and such .,ertiticates, ��fied soyaies and affidavits, including any heretofore furnished, shall be d�emed representations of the City as to the correctness of all statemente contained therein. ,> < \ � _� PASSED AND PTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS , DAX OF �''�r�� /t__ , 1971 . MAYOR - J�ck 0. Kirkham GITX ��R - Ger�al d R e Davi s A�TE S'T ; CxTX CLERK - Marvin C. Brunsell ; 3��. �1 �� ,, � �sozuzic�ti r;o� ; ',. ._ .-'� 1971 G A RESOI�U'rION DIR�CTI?VG Ttll; SA1.E r1ND YI1hCl{�SE Ol�' TF.t1PORARY IMf'ROVEMENT BONDS IN ACCOFD:1:'��1•: WI.TH LAWS OF� 1957;'FCHAP'TER 385 � r� BE IT RESOLVEI) By the City Council of the Ci.ty of Fridley, Anoka Counry, Minnesota, as follows: THAT W�IEREAS It hss heretofore been dc�t�x-mined by this Council to issue temporary improvem..nt bor�ds in order to provide tt�e necessary funds for the construction and payment of expenses relative to the followi_ng improveinent projects to-wit: Street Improvement Pro.iects ST. 1970-1, 1979-2 _1970-3, 1970-4 & 1970-9 as per plans and specifications a��rc�vcd by_the City Council; and WHEREAS It has beea determined tti.zt there is at the present time an amount in excess of $235,000.00 in the foll.awing fund, to-wit: _R_egular Special Assessment Fund which sum wiLl not be re qui.red for other purposes prior to December 1, 1974 IT IS THEREFORF. Determined to bc i.n the intcrest of the City of Fridley that the sum of $235,000.00 of the Regular Special Assessment Fund BE INVESTED AS authorized by la�a and in accordance therewith it is hereby determined to purchase tt�e sum of �235,000.00 of the aforetnentioned Street Improvement Projects ST. 1970-1, 1970-2, 1970-3, 1970-4 & 1970-9 issued under dar� of December 1, 1971 UPON Their initial issuance in accoi-daiice wi.th the provisions of Minnesota Statutes, Sec. 429.09l, 471.56, and 475.66, out cf fu��ds _of the Regular S�ecial Assessment Fund and on behalf of said fund at par and accrued interest as of the date of delivery of said bo�ids and c.omE�letion of such sale; it being further deLermined to be reasonable ai�d advanta�eous to the Regular Special Assessment Fend to inves[ in said temporary improvemen[ bonds and to be reasonalbe and advantagecus to the Cir�� to seli s%�id temPorary improvement bonds co the Regular Special Assessment Fund in accordance wit� p�pv�,$ions of this resolution. � . ' . . a�� , � SEC� 1. TI1Q City Manager and Treasurer are hereby authorized and disected � �:..�..-,..�. �� CG`.��@ $I1�T aCl� �i�.a. S�EyU.i P.°�G�SSS_"� l.�^.. �'�i��G. i.I:F' j?f"O'v'�.u10:10 O�' �57.� 2s01.T'C'�rOlII� ' � xesolu�io�s an.� �o �r•��.� s��ch �Y2�s �`e� o{ £�r..ds �s m�,� be nece�sar� �ro� time to ti�e tv give ei'`ec� tc� t�ie �rovisi ons t�ereo� o � /� PA3�ED A[�ID AT�OP�Ed� BY THE CITY C�TJ��CTI., �F T� G��Y C��' �RI�L�.�'.Y T�?S � l - DAX 0�' � i 971 - . � � ' _ - � ' : ' 24�aXC�F - �a��. �. �;,irkha.n -- ' ' � ' � ��` r`��'�� - Geral d R. Davi s AT�E ST s . _ ' /_ j ' . CITi' CLERK - Aian�iz C, Brunsell �� '' _ ' � ' - ' . �' I '