RES 1962-1942t`?
days after the sale, the printed and executed bonds, and the cnstorary no
litigation certificate and the unqualified approving legal opinion of
Messrs. Howard, Peterson, LeFevere, Lefler and Hamilton of Minneapolis,
Minnesota.
RESOLUTION NO. 194 -1962
A RESOLUTION RELATING TO HOLDING A PU^LIC HEAIIING ON A PROPOSED UNIFORM
GAS FR°nNCHISE.
47HEREAS, the City of Fridley is a member of the Suburban Gas
Agency, and
WHEREAS, the Suburban Gas Agency for and in behalf of the City
of Fridley together w'th other like suburban municinalities has carried
on certain negotiations with the Minneapolis Gas Company relative to a
new franchise, and
WHEREAS, under and by the Charter of the City of Fridley, it is
required that a public hearing be held by the Council relative to any
proposed franchise before an ordinance adopting such franchise can be
enacted,
NOW, VlE3EFORE, BE IT RESOLVED, by the Council of the City of
' Fridley, as follows:
Section 1. That pursuant to Chapter 10 of the Charter of the City of
Fridley, and in particular Section 10.02 and 10.09 of said
Charter, it is hereby found and determined that a public hearing is
necessary in order that the Council may give consideration to the new
and proposed Uniform Suburban Gas Franchise to be effected between the
Minneapolis Gas Company and the City of Fridley.
Section 2. That accordingly a public hearing shall be held by the
Council on the 7th day of January, 1963 at 8:00 o'clock
P.M. in the (Iouncil Cha*nbers in the City of Fridley at a regular meeting
thereof. That at such meeting all persons for and against such proposed
franchise may and shall be heard. Notice of such public hearing shall
be given by published notice at least once 9_n the official newspaper of
the City not less than 20 days prior to the date of such public hearing.
Sealed bids marked "Bid for $1,140,000 bonds" may be mailed or delivered
to the undersigned City Manager and must be received at his office before
the time of said reeting. Each bid must le uncondiV onal and accompanied
by a cashier's or certified check or 'rank draft in an amount not less
tan $22,800, payable to the City Treasurer, to be retained by the City
as lequidated damages if the bid is accepted and the bidder shall. fail
to comnly therewith. The bid offering the lowest net interest cost will
be deemed the most favorable, computing. interest in dollars to the matur-
ity dates of the bonds and deducting any premium offered. One basic
rate of interest from the date of issue to maturity shall be specified
for all bonds having a common maturity date, but different rates may be
specified for not more than four (4) groups of bonds having the same or
consecutive maturity dates. Bids may provide for additional interest to be
represented by supplemental coupons on any or all bonus for any portion of
their term but the total amount of such supplemental coupons shall- not
exceed +x17,100 and the ag;regate rate of interest payable on any bond for
any period may not exceed 6,` per annum. No oral bid and no bid of less than
the par value of both issues plus accrued interest thereon will be con-
sidered, and the Council reserves the right to reject any and all bids,
to waive any informality in any bid and to adjourn the sale if deemed
expedient.
Dated: .November 19, 1962
BY ORDER. OF THE CITY C';UNCIL
/s/ Earl P1 Wagner, City Manager
City of Fridley, ainnesota
6431 University Avenue
Minneapolis 21, Minnesota
Further information may be obtained from and bids may be delivered to:
EHLERS - MANN 2, ASSOCIATES, INC., Fiscal Consultants to the City; 807
Title Insurance Building, 400 Second Avenue South, Minneapolis 1, Minn-
esota. Telephone FEderal 9 -8291.
RESOLUTION NO. 194 -1962
A RESOLUTION RELATING TO HOLDING A PU^LIC HEAIIING ON A PROPOSED UNIFORM
GAS FR°nNCHISE.
47HEREAS, the City of Fridley is a member of the Suburban Gas
Agency, and
WHEREAS, the Suburban Gas Agency for and in behalf of the City
of Fridley together w'th other like suburban municinalities has carried
on certain negotiations with the Minneapolis Gas Company relative to a
new franchise, and
WHEREAS, under and by the Charter of the City of Fridley, it is
required that a public hearing be held by the Council relative to any
proposed franchise before an ordinance adopting such franchise can be
enacted,
NOW, VlE3EFORE, BE IT RESOLVED, by the Council of the City of
' Fridley, as follows:
Section 1. That pursuant to Chapter 10 of the Charter of the City of
Fridley, and in particular Section 10.02 and 10.09 of said
Charter, it is hereby found and determined that a public hearing is
necessary in order that the Council may give consideration to the new
and proposed Uniform Suburban Gas Franchise to be effected between the
Minneapolis Gas Company and the City of Fridley.
Section 2. That accordingly a public hearing shall be held by the
Council on the 7th day of January, 1963 at 8:00 o'clock
P.M. in the (Iouncil Cha*nbers in the City of Fridley at a regular meeting
thereof. That at such meeting all persons for and against such proposed
franchise may and shall be heard. Notice of such public hearing shall
be given by published notice at least once 9_n the official newspaper of
the City not less than 20 days prior to the date of such public hearing.
214
Further, in no case shall such franchise be granted under an emergency
ordinance nor within 20 days after such public hearing nor later than
60 days after such public hearing. That the noti e of such hearing is
and shall be substantially in the form and substance as that attached
hereto as Exhibit "A" and made a part hereof by reference.
Section 3. That a copy of said proposed Uniform Suburban Gas Franchise
shall be kept on file in the office of the Clerk of the City
and made available for inspection of thepublic for a period of time at
least 20 days prior to the date of such public hearing. Furth =r there
shall be attached to such pro °osed uniform Suburban Gas Franchise a copy
of the "Joint and Cooperative Agreement" which is proposed to be, executed
by the respective governmental units as are concerned in the matter:
and also a co,-y of the report and recommendation to the Suburban Gas
Agency on the Uniform Suburban Gas Franchise proposed to be granted
by the suburban area communities to the Minneapolis Gas Company.
Section !, That no further action shall be taken toward the enactment
of this ordinance for the proposed Uniform Suburban Gas
Franchise for the Minneapolis Gas Company prior to such public hearing
except and unless such action is found necessary to the proper holding
of such public Hearing.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY
THIS 3RD DAY OF DECEMBER, 1962.
MAY - T.E. Greig
ATTEST:
q /n- -
CITY CI_F_aK - Marvin C. runsell
RESOLUTION NO. 194 -1962
EXHIBIT "A"
NOTICE OF PUBLIC HEARING
BEFORE THE CITY COUNCIL
PROPOSED UNIFORM SUBUR -AN GAS FRANCHISE
NOTICE IS HEREBY GIVEN that the Council of the City of
Fridley will meet on the 21st day of January, 1963 at 8:00 o'clock
P.M., in the Council Chamber in the City of Fridley for the purpose
of holding a public hearing on a certain proposed Uniform Suburban
Gas Franchise proposed to be made between the Minneapolis Gas Com-
pany and the City of Fridley to,-ether with the other suburban mun-
icipalities who determine to enact the same as an ordinance ( of
such municipality). That all persons interested in the matter
eith-r for or against said proposed Uniform Suburban Gas Franchise
may and shall be heard at such time. That the Council shall also
at such time give consideration to a proposed "Joint and Cooperative
Agreement" to be executed between the affected governmental units
of the State of Minnesota, and also the report and recommendation
thereon to the Suburban Gas Agency. That a copy of said proposed
franchise, said proposed joint and cooperative agreement, and the
report and recommendation thereon to the Suburban Gas Agency are
on file in the office of the Clerk of the City and are open to in-
spection by the public. That upon the complet on of such public
hearing, the Council will take action to determine whether or not
such franchise shall be enacted as an ordinance of the City of
Fridley. Such ordinance if enacted, shall not be enacted within
20 days after such public hearing nor later than 60 days after such
public hearing. That such public hearing is and shall be held
pursuant to Chapter 10 of the Charter of the City of Fridley and in
particular Sections 10.02 and 10.09 thereof.
BY ORDER OF = COUNCIL OF THE CITY OF FCIDLEY THIS 3RD DAY OF
DECEA?ER, 1962.
.!�
ST:
MAYOR/- T.E. Greig J
CITY CIERK - Marvin C.''runsell
1