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Home My WebLink About04-27-1972 SMMINUTES OF MAPLEWOOD VILLAGE COUNCIL 4:00 P.M., Thursday, April 27, 1972 Council Chambers, Municipal Building Meeting No. 72 - 14 A. CALL TO ORDER A special meeting of the Village Council of Maplewood, Minnesota was held in the Council Chambers, Municipal Building and was called to order at 4:14 P.M. by Mayor Axdahl. The Council members signed statements waiving the written notice calling a special meeting as required by Section 1, Rules of Procedures of the Maplewood Village Council. B. ROLL CALL Lester G. Axdahl, Mayor Present John C. Greavu, Councilman 1977 Absent Harald L. Haugan, Councilman Present Patricia L. Olson, Councilwoman Arrived at 4:30 P.M. Donald J. Wiegert,.Councilman 1981 Present C. PUBLIC HEARING - BID AWARD 1. Bid Opening - General Obligation Bonds of 1972 ($1,090,000.00) a. Mayor Axdahl convened the meeting for the purpose of receiving bids for the Sale of the General Obligation Bonds of 1972. The Clerk presented affidavits showing publication of notice of call for bids on $1,090,000.00 General Obligation Improvement Bonds of 1972 of the Village, for which bids were to be received at this meeting, in accordance with the resolution adopted by the Village Council on April 6, 1972. Said affidavits were ex- amined, found to comply with the provisions of Minnesota Statutes, Chapter 475, and were approved and ordered placed on file. The Council proceeded to receive and open bids for the sale of said bonds. The following bids were received: FIRST NATIONAL BANK OF ST. PAUL 3.80% - 1975 First National Bank of 4.00% - 1976 Minneapolis 4.10% - 1977 Merrill, Lynch, Pierce, Fenner 4.20% - 1978 & Smith 4.30% - 1979 Reynolds Securities, Inc. 4.40% - 1980 4.50% - 1981 4.60% - 1982 4.70% - 1983 4.80% - 1984 5.00% - 1985 5.10% - 1986 5.20% - 1987 5.30% - 1988 -1989 - 1 - 4/27 BANCNORTHWEST Bank of Commonwealth Miller & Schroeder Municipals The Milwaukee Company National City Bank Robert S. C. Peterson, Inc. AMERICAN NATIONAL BANK & TRUST COMPANY Allison - Williams Company Juran & Moody, Inc. Paine, Webber, Jackson & Curtis PIPER, JAFFRAY & HOPWOOD, INC. Dain, Kalman & Quail, Inc. Shearson, Hammill & Company, Inc. Caldwell- Phillips, Inc, Woodard- Elwood & Company 5.40% - 1990 5.50% - 1991 -1992 PURCHASE PRICE - $1,074,020.00 3.75% - 1975 4.00% - 3.90% - 1976 1977 4.00% - 1977 - 1978 4.25% - 1979- 1980 4.50% - 1981 4.60% - 4.60% - 1982 1983 4.75% - 1983 - 1984 5.00% - 1985 - 1986 5.20% - 1987 5.20% - 5.30% - 1988 1989 5.40% - 1989 - 1990 5.50% - 1991 - 1992 PURCHASE PRICE - $1,072,233.00 3.75% - 1975 4.00% - 1976 4.10% - 1977 4.20% - 1978 4.30% - 1979 4.40% - 1980 4.50% - 1981 4.60% - 1982 4.70% - 1983 4.80% - 1984 4.901 - 1985 5.00% - 1986 5.10% - 1987 5.20% - 1988 5.30% - 1989 5.40% - 1990 5.50% - 1991 -1992 PURCHASE PRICE - $1,073,323.00 3.75% - 1975 3.90% - 1976 4.00% - 1977 4.10% - 1978 4.25% - 1979 4.40% - 1980 4.50% - 1981 4.60% - 1982 4.70% - 1983 4.80% - 1984 4.90% - 1985 5.00% - 1986 - 2 - 4/27 $685,085.00 (5.1763%) $685,272.00 (5.1777%) $682,064.50 (5.1534%) 5.10% - 1987 5.25% - 1988 5.40% - 1989 -1990 5.50% - 1991 -1992 PURCHASE PRICE - $1,072,233.00 $683,897.00 (5.1673%) Further consideration of the bids for the sale of bonds was suspended to to allow Village Bond Consultants to review and tabulate the bids. b. Mr. Robert Sander, Suran and Moody, reported back to the Council and stated that the bids as received were calculated and determined to be correct. Councilwoman Olson arrived at 4:30 P.M. c. Councilman Wiegert introduced the following resolution and moved its adoption: 72 -4 -94 RESOLUTION ACCEPTING BID ON SALE OF $1,090,000 IMPROVEMENT BONDS OF 1972 PROVIDING FOR THEIR ISSUANCE AND LEVYING A TAX FOR THE PAYMENT THEREOF BE IT RESOLVED by the Council of the Village of Maplewood, Minnesota, as follows: 1. That the bid of the American National Bank & Trust Company to purchase $1,090,000 Improvement Bonds of 1972 of the Village, in accordance with the notice of bond sale, at the rates of interest hereinafter set forth, and to pay therefor the sum of $1,073,323.00 (plus a premium of none) is hereby found, determined and declared to be the most favorable bid received, and is hereby accepted and said bonds are hereby awarded to said bidder. The Village Clerk is directed to retain the deposit of said bidder and to forthwith return the good faith checks or drafts to the unsuccessful bidders. Said bonds shall be payable as to principal and interest at the American National Bank and Trust Company in St. Paul, Minnesota. 2. The $1,090,000 negotiable coupon general obligation bonds of the Vil- lage shall be dated May 1, 1972 and shall be issued forthwith. Said bonds shall be 218 in number and numbered from 1 to 218, both inclusive, in the denomination of $5,000 each. Said bonds shall mature serially, lowest numbers first, on May I in the years and amounts as follows: $55,000 in the year 1975, $50,000 in the year 1976, $55,000 in the year 1977, $50,000 in the year 1978, $55,000 in the year 1979, - 3 - 4/27 '50,000 % $60,000 $55,000 $60,000 $55,000 $6o,000 $65, 000 ,.70,000 Y75,000 in the year 1980, in the year 1981, in the year 19 2, in the year in the year 198'f, in each of the years 1985 and 1986.1 in each of the years 1987 and 19 88 , in the year 1989, in each of the years 1990 to 1992, both inclusive. 3. Said bonds shall provide Rinds for the construc- tion of various improvements in the `illas;e. The total cos` of said improvements, includin-; the cost of -construction under the terr::s of' the lot•rest bid received for each phase thereof, enrinceri.ng, lcf ;al and other profcs.,ional charges, publicat:ion and print-inG co.,ts, interest accruing on mc::ey borrcwCd for the improvements before the collection of special asset >ti,.1cn`,s ,1ev:ied thierefor, and all. other costs necess <.rily i.ncur'rcci a,d to be incurred from the inception to the co :.-pleti.on of tt�e is estimated to be at least equal to the a ;nou.it oa the bonds hcr. cin authorized. 4. The bonds of said :issue maturinc in t,Jc years and bearin'; the serial numbers. set forth belc;r shall bear interest, payable May, 1, 1973 and ser,,iannually thereafter on P; over `)er 1 and May 1 of each year, at the respective raises per annum set opposite said maturity years and serial numbers : Maturity Ycars 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 -1992. Serial Nuriber.s 1- 11. 12.- 21 22- 32 33- 42 43- 53 54- 63 64- 75 76- 86 87- 9S 99 -109 110 -•121 122 -133 134 -146 147 -159 160 -173 174 -1uS 159 -218 4 Int:er.est Late 3.75 4.00% 4.1.00- 4.20% 4.30`0 4.400 4..50"o 4.600 4.70% 4.800 4.900 5.00% 5.10 5.200 5.300 s.ao0 5.500 4/27 5. All bonds of this issue Iaturing in the years 19£33 to 1992, troth -inclusive (bon rs nu -n -bored g1 t o' �I,S__, both iriclusi •a ') , shall be subject to reds,.- .ption and pre :� 7r :eT :t at the option of the Village in invez'se oz'der of serial nulr.'ber -s, on I- }ay 1, 3.982 and on any interest payment date thereafter at par and accrued intcrest plus a premiull of $ 7").00 At least thirty days prior mailed notice of rede,:.ntion shalt! in each case be given to the ban,," ,-;here said bonds are payable and to the lust holder, aund published notice of tion shall be [riven in accordance i. t h 1arr . Holders desirin to receive-. m.a i.led notice must ref;.l_ster their names, addresses and bond ruJ;ber., with the Village Clerk, but published notice shall be effective ,.,ithout mailed notice. 6, The bonds and interest coupons to be issued hereunder shall be in substantially .he follo'„ing form: '1,, Oi AN. EM"A STATE 01? i i1 :I ";ESOTA V7I.LAGI1 OF 14APLEVIOOD ltr p;;OV ?' E N I3w.u) 01t' 197? R KI.0111 ALL MEN BY THESE P}LESEINITS that the Village of I•laplew,00d, Ha ;Ilscy County, Ili.nne: >ota, certifies that it is indebted and for value received promises to pay to bearer the sum of on the first from the date of THOUSAND DOLLARS day of May, 19_ —_ and to pay interest thereon, hereof until the; principal is paid a,, ` the rate per annu ;rl, paya.bl f.here� -'ter on the May in each year, surrender of the severally b e core ,-,4- Per Celt e on tae first day of .-lay, 197 j and'. sel :La nnuallt first t day of ; ?over; o cr and t} e ? i rs t day of lIi accordance ;`� -L I ✓h and upon IJr C�J 'I: S ✓r t 1_ n Gill - interes , coupons hereto attac'hoc:, as the w.-e due. Both principal and intere: t are pa;; ab le I1 FII "ly COi ?7 Or CL1r�' ' : =C�' of th,e United St ales O�' at the ti?r:e of payment is legal tender for put, li c and private debts. All bonds of this issue maturing in the years :. .1983 to 1992, both inclusive (bonds nil :tee ed to both inclusive), are subject to redo :; :liter; and pre- payj ;.tent at t:i"le option of the Villar-e in inverse order of serial numbers, On i'!c?y 1, 1982 and on any 7.11terest p ay,, P.ent J date thereafter at par and accrued interest plus a p,:,e?niu of At least thirty days prior mailed notice of redemption shall in each case be given to the ban}: t,;hcre said bands are payable and to the last }cnc.-!n holder, and published notice of redemption shall be given in accordance with la-e:. Holders desiri nc, to receive ;nailed notice must rcgister their names, addresses and bond nut,:bers % -Jith the Village Clerk, but published notice shall be effective without mailed notice. This bond is one of an issue in the total principal amount of $1,090,000 all of lire date and tenor, except as to maturity, interest rate and redemption privilege, ti',h:i.ch bond has been :issued pursuant to and in :7ulJ. confor?rity with the Cons t :}. tut- ion and laws of the state of Minnesota for the pur- pose of providing r;oney for various i;,?provc,,dents, and is payable out of the Jj prove,^ei;t Bwnd.; of 19'12 fund of the ViJ.J_ar;c, `Phis bond con .,;titutes a general obligation of the Vi.J.lage, and to provide moneys; for the prompt tine full payment of said principal and interest When,_;° the sarse becor;Er clue, the full f�,.it:h and credit and taxing po•;.,ers of said Village have been and are hereby irrevocably pledged, IT IS },L }ii- `TED �,N ? }�C1 -P',,D t'?L.t a].! t.. , cond:lt:i.ons and t;} ?in,;s ,'c :ciuired by t.ic Cons;t:i �,%1 'on an(l lei'.;. of the St.a.te of i,iinne,;ct: a. to be done, to happen and to be perform- -od, precedent to and in the issu:.nce of this bond, have been done, have happened and have been perfo,.,med, in reglzl<<r. and due for?, t:}_.r.e and r,a ?:n'er as required by and this bond, together �•:i.th all other dc.�ts of t }?c Village outstanding on the date hereof and the date! of its actual :issuance and delivery does not exceed any constitutional or statutory lin,:,tation of indebtedness . IN 11:t'.['NESS the of ?'iapler, ood, Ramsey CouJ:ty, Minnesota, by its Village Council has caused this bond to be executed in its behalf' by tie facs:im,1.1.e `" ' ^e � '} ° }'�iayor and the i';,nnuai sicl— .ature of the Si�,I�dVli_ of' l..i�. c�• Vi.11af,c CJ er } and the corpora to sea! of s :id Village to be aj 'fi_ ? :C'C1 }1::?'E?t0, and has CaL., .C1 the iJ,tC_ ., t coupons to be executed and authenticated by the tures of said officers, all as of i•ia.y 1, 1972. Village. Clerk Mayor �- (Form of Coupon) 140. �� On the first day of Tray ( November), 19 unless the bond described below is called for earlier rede;:�pticn, the Village of Maple,-,rood, Ramsey County, Iiinnesota, will pay to bearer at the sure sho-vin � hereon for intcz t; glen due on its liri }_,rcver:ent Bond of 1972, , i-1o. dated M Ly 1, 1972. /s/ Facsiriile /s/ Fac;,imile Village Clerk Mayor 7. The Vi.11aE;e Clerk is directed to cause said bonds to be prepared and the Mlayor and Clerk are authorized acid directed to execute the same by the facsimile signature of the I- ;a,,'or and the rianual_ sign,,turc of the Village Clerk, t'r -th the corporate seal affixed to the bonds, and to cause said coupon, s:o be executed and authent- i cat cd by the printc:c., engraved or. lithographed facsimile s'.gnatures of said officers. 8. The said bonds wlcri so prepared and executed shall be deli ;creel by the Trey: surer to the purchaser therec ' upon recc"ipt of the 1)ur chase price, ;11)0, the said purchaser s}",a'll not be obl.iCcd to see to the p:'oper application thereof. 9. There is hereby creatc,3 a special fund to be do „T. ,� ", Llcnd, of 1972 Ylund" to be held and ad.r" l nis tE ?'r' i tI "i V:1_llc ';e `lre'�:= ;Urel' :�eparal e end ap, l: C ,., , 1l ;. e \'i_l..lagc Said fun-,d shall be i'ro„r al.l other fui .1.. oz. �•i, ina:intai-ned in the manner herein specified until all of the bonds herein auth0:."':iled a rid t;le interest thereon hiIVC' been fully paid. In said fund there shall be r:aintained `ies g,, 1 a " n o- { t- the .,o st;r.•ucti � (/iii o �J e p 1 4 lie a L' �. r 1i n l� J, t G b� l V .J Z L�. 1 G. • e Cl. C.:J Account" and the Silll.lrlg Fund h:ccoUnt ", respcct�.vely . ThC: proceeds of, the sale of the bonds herein aut:-.=i2�ed, less accrued interest received thereon and less any amount paid for said bonds in excess of $1,069,000 and less capitalized interest in the amount of $57,600, shall be credited to the Construction Account, from r ;i i c' there shall be paid all costs and expenses or making said including t }le costs Of construction contracts heretofore lei: and all other costs incurred and to be i.ncui' red and the moneys in said account shall be used for no other purpose, provided that the bond proceeds r:ay also be Used to pay iri•�erest oil said bonds d'u'e prior to t}le anticipated date of commencer:ent of the collection of taxes or. special assessicents herein levied, and provided further that if upon co:::Pletion of Said 1I.:JrO�lei:lents there shell remain a ?ly UIleX%;eilCled .Valance in said Construction Account, said balcrlce may be transferred by the Council to the fund of any other imprcvc=nt ir.sti.tuted -- pursuant to Chapter )129 i .S .A . `here is herQby pledged and there shall be credited to t•iih Sinking Fund Account, all r ��•r�c,i. i", a1:es herein l.cvic: CollOcl.io' e� special <.., �c.:� t� i t h all. accrued interest received u:)on delivery of said bonds, - 7 - 4/27 all fund3 paid for the bond; in excess of $1,069,000, capi- J talized interest in th-camount of t57,600, and all funds reJ21;L7.2.1inc;, in said Construction :Account. after cor:pletion of, th e and pa;yl;;ent of the costs thereof, not so tr�'ns ferred to the fund of another -I mprover.2ent . '!'he Sinkinj; Fund Account shill be. used solely to pay principal. and interest on the bonds :issued hereunder. 10. It is hereby determined that no less than 7S7`0?0.00 of the cost of i2 prevcr;entJ shall be paid by � s�,ble spcc:t:zl as.�cc;sn;enis to be levied aF ?ln.-;t every asses c lot, piece and parcel of bind benefited by said i.mprover,2ents . The VillaE;e hereby covenants and agrees that it Frill. do and `' perfor2n as soon as they may be dons, a,ll acts and things necessary for the final and valid lev" of such special assessments, and in the event that an y such assessr2:cnt be at any tir2c held invalid ;rith respect to any lot', piece or parcel of land due to any error, defect, or i.rr. efLular -- s to ?:en or to be taken by . ity,.:i.n any action or p). ocecc,lnE;.; the Vi11�ze office-15 cer5 the V i any of _ z 1 t or e 2r +,la; =cc s , either in the r2a ?::.nE of such asst: s2r;ents or in la1G ))e't'� t ?'T;:anCe Of an,, con,ai Lion precedent thereto, tl.^ CGUnc�_l. 'r::i.11. th', do a17_ such furtl;er Vi.11«s;c, a21C. tl)i.s • ' +c, it s ,.,ay be recL z -r:�d aC:tc _nd t�L1,e a1�. sue=d fur t !e_� p C C. E: , �� c l.Ld and binding lien L:pcn by .1. �t�r t0 T::al;e SL1Cn CLJ .�- `e�>>i�:�ll l•:) C:. VC 1�' t: }� " " y Said aSSC,SSTiic-:'21tc Slial�" F)C? pa,, =able in equal, wu p� op _. C017SeC:iit1`.TC', a2121Ua1 inSta11.1T:ents, i41.t11 general taxes for e year., v }10',x27 belt',; and ;rith interest on the deferred ba la.r,ce of all such assessments at the rate of 7' per annum: xmpro : =en2ent :t, :1 l�moizn� L�e:�Y� Year:, Lesa.�;n- _o _ 70 -5 (1972) Storm Sej:er (Pond) $661,000 1972 -1991 71 -17 and 71 -6 Trunk Se'-10,r 40,000 197 2-1991 71 -18 and 71 -21 1 °atermain 48,000 1972 -1991 11. `1'o provide moneys for the payr,ent of said principal and -interest there is } lereby levied upon all of the ta;:able property in the 1Tilla�e direct annual ad va).orc -m .,,hich shall be spread upon the tax rolls and �s collected 'r:i tl1 and as- part 0f, other general property i1-1 sa3_d Village for the years and in the amounts as folic ;:S Year of' Tax Year of Tax },evy _ Col.lect 1. on Amount - 1.972 1973 $ 5,000 1973 190 10,000 197 �1 1975 10,000 1975 1976. 10,000 1976 1977 15,000 1977 1978 20,060 1978 1979 20,000 1979 1980 20,000 1980 1981. 20,000 1981 1982 25,000 1982_ 1983 $30,000 1983 19811 30,000 19811 1985 30,000 1985 19 &6 30,000 1986 198y 3S,000 1987 1988 $35,000 1988 1959 40,000 1989 1990 45,000 1490 199.1 40,000 1991 1992 40,000 Said tax levies are such chat if collected in fail they, together .a i.th estimated collections of special assess- ments and other revenues pledged for the pay;nent of said 'bonds will produce at least five per cent in excess of the arount needed to meet when due the pr=incipal and interest pay;r,ents on tho bonds, Said tax levies shall be irronealable so long; as any of said bonds are outstandinU and unpaid, provided that the Village reserves the right and poser to reduce the levies in the manner and to the extent permitted by See, 475.61(3) For the prompt and full payment of the principal of and interest on said bonds, as the same respectively become due, the full faith, credit and taxing poJ;ers of the Village shall be and are hereby irrevocably pledged. 12. The Village Clerk is hereby directed to file a certified copy of this resolution with the County Auditor of Pamsey Count /, Minnesota; together with such other infor- mation as he shall require, and to obtain from said Auditor his certificate that said bonds have been entered in the said Auditor's Bond Eagister, and that the tax levy required by law has been made. - 9 - 4/27 13. The officers of the Village 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 proceed- ings and records of the Village relating to said bonds and to the financial con- dition and affairs of the Village, and such other affidavits, certificates and information as are 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 them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the Village as to the facts recited therein. Seconded by Councilman Haugan. Ayes - all. D;` PRESENTATIONS 1. Petition - Water Improvement - Myrtle Street a. Manager Miller stated the Staff had received a petition for water im- provement on Myrtle Street from Larpenteur Avenue to a distance of 1320 feet South. Manager Miller presented the feasibility report for the said proposed improvement. He further stated that if this petition and feasi- bility study were accepted today and a public hearing called and author- ization given to call for bids, this improvement could be included with the Larpenteur Avenue water improvement No. 72 -4. b. Village Attorney Lais stated Council could authorize calling for bids, but not accept the bids, before a public hearing was held. c. Councilman Haugan introduced the following resolution and moved its adoption: (accept petition - call for feasibility report) 72 -4 -95. WHEREAS, a certain petition has been received by the Village Council for the construction of water main and necessary appurtenances on Myrtle Street from Larpenteur Avenue to a distance of 1320 feet south, and WHEREAS, the said petition has been declared to be signed by the re- quired percentage of owners of property affected thereby; NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF MAPLEWOOD MINNESOTA, that the petition as hereinbefore described is hereby referred to the Village Engineer, and he is instructed to report to the Council with all convenient speed advising the Council in a preliminary way as to whether the proposed improvement is feasible and should best be made as proposed, and the estimated cost of the improvement as recommended. Seconded by Councilman Wiegert. Ayes all. d. Councilman Wiegert introduced the following resolution and moved its adoption: (accept feasibility report - call for hearing) 72 -4 -96 - 10 - 3/17 WHEREAS, the Village Engineer for the Village of Maplewood has been authorized and directed to prepare preliminary plans for the construction of water mains and necessary appurtenances in Myrtle Avenue from Larpen- teur Avenue to a distance of 1320 feet south, and WHEREAS, the said Village Engineer has prepared the aforesaid prelim - inary plans for the improvement herein described: NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF MAPLE00% MINNESOTA., as follows: 1. The report of the Village Engineer advising this Council that the proposed construction of water mains and appurtenances on llyrtle Street from Larpenteur Avenue to a distance of 1320 feet south is feasible and should best be made as proposed, is hereby received. 2, The Council will consider the aforesaid improvement in accord- ance with the reports and the assessment of benefited property for all or a. portion of the cost of the improvement according to H.S.A. Chapter 429, at an estimated total cost of the improvement of $19,170.00. 3, A, public hearing will be held in the Council Clr:r:.bers of the Village Hall at 1380 Frost Avenue on Thursday the 10th Ky of May 1972, at 8:15 P.M. to consider said construction. The notice for said public hearing shall be in substantially the fol kw ing form: NOTICE OF HEARING OF WATER IMPROVEMENT TO WHOM IT MAY CONCERN: WHEREAS, the Village Council of the Village of Maplewood, Ramsey County, Minnesota, deems it necessary and expedient that the improvement herein- after described, be made, NOW, THEREFORE, notice is hereby given that the Village Council will hold a public hearing on said improvement at the follor ;ing tir:e and place within the said Village: Date and Time: May 18, 1972 at 8:15 P.M. Location Council Chambers of the Village Hall 1380 Frost. Avenue The general nature of the improvement is the construction of water mains and appurtenances on Myrtle Street from Larpenteur Avenue to a dis- tance of 1320 feet. south. - 11 - 4/27 The total estimated cost of said improvement is $19,170.00. It is proposed to assess every lot, piece or parcel of land benefited by said improvement whether abutting thereon or not, based upon benefits received without regard to cash valuation, Persons desiring to be heard with reference to the proposed improve- ment should be present at this hearing, This Council proposes to proceed under the authority granted by Chap- ter 429 M.S.A. 0 Dated this 27th day of April, 1972. BY ORDER OF THE VILLAGE COUNCIL Seconded by Councilman Haugana e� Councilman Wiegert intr adoption: (authorization to Mrs. Lucille Aurelius Village Clerk Village of Maplewood Ayes - al ed_t-he following resolution and moved i 1 for bids) 72 -4- 97 WHEREAS, the Village Council desires that bids be opened on Nay 16, 1972 for the construction of the Myrtle Street waiver main, Project No. 72-6, and WHEREAS, plans and specifications have been prepared and approved by the Council, NO04, THEREFORE, SE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VIL- LAGE OF iJ{rLE'.00D, MINNESOTA: 1. Such plans and specifications, a copy of which are attached hereto and made a part hereof, are hereby approved and ordered Placed on file in the office of the Village Clerk. 2. The Village Clerk shall prepare and cause to he inserted in the official paper and in the Construction 20103tirl an advertise - mend for bids upon the making of such improvels2ni under such approved plans and soecifi catio"s. The a vertisenent shall be published once at least ton days before the date sit fcr bid - 12 - 4/27 Opening, shall specify H e .' 1 1 L y r ,� 1 ,,;;r� to �e der, s,lall sLa�e that bids t'(1 11 be Publicly 0 '..!i?C an- c^nS(ijC1 -1"Od b / ^ 10:00 11. i'i. on Lnr 161h .,/ o� '1.'v 10 2 y. �J aril thSt llo bid's ShaIi b e co "lS:I red UnI:.. s s Ez, "'0' tai th the and accoi: ani cd by a ce1 e Nile ;,Mon bi d "tiff d C bond, payable t0 ; ;° V 1.a: of iianle'„OCd, i;lillosota, for S;". Of the amount of such bid.. 3. Tile Vi 11 age Cl erk anu `/ i 11 ce Enni veer are h''r °by au nori Zed ' and instructedyto red °1 :'= , 0p2n,VaTid feud aloli" a1CiS 1 "'C?ived the til;te a►ld c) 1a. ce herein r t aL lot and tG abl.l a to .le � i ::s rec rived. The COLWICi l t; i i i cons i der t1 he .:l yids, and file al; ;arc! of a contract, ile ;at the regular Village COU'llci i (e `--y 188, 1972. 4. The advertisement for bids shall b.e in substantially the fol 1 mv,i ng form: ADVERTISE- 1EINIT FOR BIDS The Village Council of i•'Yclm,,,0cd, Minneso.-a, t•till receive sealed bids for t1he construction Of a.pproximateIy' 2,000 fey of 'iidt''t" i-lain 1•!i thin the ( 5 - " - +t,n c cash a 1r n .r. r , mil' 1, n (?� 111 I <z� 1 iM Ls on Li, DaSIS 0- cas , p ., „ 11 10, „O1� D1ds 1'!111 recei�:_c' un4- 10:L:. 11. C. D.S.T., on the , ,6th day or "aY, 1072, at 'Ile !'id 4Cipal tea, Idillg, 132,0, Frost r`lvc ,,,:., v1 .ti.G��l, i'ilhin 0, aL ;ihc tl-M- and ��lc ?Ce all bidS 4 iII be pltbl'iciy c ail e d, rca4 aloud and CcnSiaei "ea. Proposal s l;iust be p I aced 1 n a seal e env'c e w t,h the S L te; ;cnt thereon indicating proposal fcr bid Contained '�:ithin Pied addressed to tle Village Of i.aple "l ;Cod, i•iinnesota. Pro'Jos 1S Stlal I L. S!1J:nitt�d t0 tile Vil- lage Cler ", on or before Lhe above st -nt-ed tl "ie. Proposal is Tor Zile fUr- ni shi ng of all labor, eau i ;: ,_nt and l:.ateri al s and perfoi,mi ng all t•.,ork in connection t,ith the above stated construction. Proposal forms, including specifications, are on file in the office of the Village Engineer, 1330 Frost AVelllle. -';rents ?y be obtained by d.er,os i t i ng Ten Dollars Copies of the �JOC, r. r ($14.CD) ',,,ith the Engineer. Tile a ouCIt of de:,.osit✓for cne set cl docu- refunded to each actual biddcr „h,� returns the ialls and men, �s t•;i 1 1 :.. .. documents in good condition ',rithin ten (10) da''s after tile opening of bid's. All bids trust be acm—o -anied by a. Certified Chect: Or bid Clbond, Pay- able to the Vlllag2 of iIinnesota, in an amo::,--t e ual to INVO percent (�`N Of the total Dl'', condltiOned that• 1 f ti' t:.'1GCCr is 1.11e SuC- ceSSfUl it 'e'er ile will Ente1'M1C1t0 a COCit1 "act in acco'r -- -nce •,l1 th said b,l a der -, and 1•rlll fU;'n1Sn SuCn pei ";O1 ",,.a'1C�? bO11uS =S dl "- S"eCl7lCd. �i0 .,Iu ,•,:! 1'tithdre %-i his bid for att- least thirty days after tile, SC;ic al d CIOS- ing time for the receipt of bids, without the • co1lserit of, the c'.rler. The o.rn 'r reserves th4 right to accept or reject any or all bids and to waive any i nforclal i ti es in bidding. �b Seconded by Councilman Haugan. E. ADJOURNMENT 4:53 P.M. City Clerk Ayes - all. - 14 - 4/27