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<br />E.XTRACTOIl :rUWJT.E3 OF I'lEE'I'niG OF THE <br />VILLAGE COl1l1CIL OF THE VI.LLAGi OF ELK <br />RIVER, lmmE30TA~ HELD February 19, , 19~. <br /> <br />Pursuant to due call ~,d notice thereof, a Special <br />meeting of t..fJ.e Village Council of the Village of Elk PJ.ve~1 <br />Mlnnesota# was dUly held at the Villase Hall <br />in said Village on February 19, :_.. . ~jI,J.9b4, at <br />7: 30 C t clock P .lo!" <br />.~- <br /> <br />The following members were prea.ent: Mayor Johnso~, Clerk Briggs, <br />CounciDmen Meyer and Bartelt, <br /> <br />.and the following lITera absent: <br /> <br />Councilman Norris <br /> <br />T'n.e Counoil proceeded to open and. consider bids for the <br />sale of $65,000 plJ.mit;ipal Building Revenue Refunding Bonds of' 1964. <br />The following bide we-re recel vecl: <br /> <br />Termor Bid <br />InM:rest . rremium <br /> <br />Name of Bidder <br /> <br />Net InterEt-at Cost <br /> <br />(See Attached Bid Tabulation) <br /> <br />,- <br /> <br />After the bide had been considered and discussed, member <br />Bartelt introduced the following reaolut1on and movEH1- <br />:.t t.$ adop t1on: <br /> <br />m-:SOLUTION ACCEPTING BID ON SALE OF RE\.'lnmE BON.DB AND <br />!>'IXll.fG INTEREST RATE <br /> <br />BE IT RESOLVED by the Village Councilor the Village 01' Elk <br />River, ~tl.nneaota,t 8;3 follows: <br /> <br />1. 'I'hat the bid cf Allison-Williams Company <br />to purchase $'"f5,OOO f.funicipal .BuIlding Revenue Re.furlding Bonds of <br />1964 pf' the Villag.e in accorda."lce wi th the l'1ot1eeof Bond Sale at <br />a-::'price of par and a:t;::crued interest, (plu.sa premium of ) <br />is hereby f'ound,de-termined.1 and deelf'..red to be the most tavorable <br />bid received, and is hereby accepted. <br /> <br />2. Tile ra. te of' interest said bonds ahall bear 1s heI'eoy <br />fixed. at: <br /> <br />;,12~ turf. ty Year <br /> <br />In te.rea t Ha. te <br /> <br />Serial l~umber <br /> <br />1965 - 1969 <br /> <br />3.10% <br /> <br />1 - 45 <br /> <br />1970 - 1972 <br /> <br />3.30% <br /> <br />46 - 75 <br />