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HomeMy WebLinkAboutApr 27, 1959OFFICIAL PROCEEDINGS R~gular Meeting April 27, 1959 Meeting called to order at 8 p.m. Roll Call - King, Julkowski, Chies, Proft - present. Stopka - absent. Mr. Julkowski presided as chairman. Minutes of the last regular and special meetings were read and approved. M~tion by Chies seconded by Proft, that the following bills be paid out of their proper funds: Roll Call - Ail Ayes. Payroll Account · " extra Ed. Phillips & Sons Old Peoria Co. Beer Wholesalers, Inc. Petty Cash - Liquor Griggs,Cooper & Co. Old Peoria Co. Ed. Phillips & Sons Lynn Johnson Co. Griggs,Cooper & Co. Victor Althaus Coast to Coast Store C.H. Fire Dept. Crestview Lutheran Home H.R. Erickson Machine Raymond Hebzynski Robert Jendro 16,303.31 Robert J. Kinas 90.00 223.04 J.N. Larson Chev. 4.20 257.16 The Minar Co. 187.31 262.40 Morton Salt Co. 200.20 189.94 L.W. Northfield Co. 82.93 163.03 N.W. Bell Tel. Co. 457.50 523.46 Ouimette Ins. Co. 10.00 2,499.57 Walter Reinhart 4.55 1,093.74 Rocket Oil Co. 141.21 167.62 Royalton Htg.& Sheet Metal 3.95 329.94 Service Parts Co. 20.80 21.68 Kenneth Stinson 272.65 18.77 Twin City Disposal 1,000.00 232.00 M.O. latson 82.78 312.00 Recreation Bills 283.27 3.75 80.06 TOTAL $25,557.30 27.08 7.40 Awarding of bid on Project No.5900 as per attached Bid Tabulation. Motion by King seconded by Proft, that Bids A thru F be awarded to Bianconi Construction Co. in the amount of ~150,098.46. Roll Call - Ail Ayes. A Hearing was held on street opening on Cleveland Street between 40th and 41st. Motion by Chies seconded by King, that the City Manager be authorized to proceed with this street opening. Roll Call - All Ayes. A Hearing was held on Blacktop for Tyler Street between 46th and 47th. Motion by King seconded by Chies, that the City Manager be authorized to proceed with this street upon the recommendations of the Engineer. Roll Call -Ail Ayes. A Hearing was held on Concrete alley installation between 7th and Washington from 42 to 43. Home owners were present protesting this installation. Motion by King seconded by Chies, that this hearing be continued until the next meeting, May llth. Roll Call - Ail Ayes. A Hearing was held on Blacktop alley between 6th and 7th Streets from 41st to 42nd. Motion by Proft seconded by King, that the City Manager be authorized to proceed with this project. Roll Call - All Ayes. A Hearing was held on Blacktop Alley b~tween Monroe &'Quincy Streets orQ44~h to-45th. ~on Dy Chics seconded by Proft, that this be denied at this ,time, because of storm sewer installation in this alley, in the n~ar future. Roll Call - All Ayes. Motion by F~ng seconded by Proft, that the engineer be authorized to proceed with plans for a storm sewer in alley between Monroe & Quincy, from 44 to 45, and referred to R.D. Thomas & Associates. Roll Call - All Ayes. Continued hearing on utility extensions on Tyler St. & Arthur Place north of 44th Avenue. The Engineer proposes a 35' right-of-way on Arthur Place by taking 5' from the west side of street, and ask for easements to run the water line down the back line of Tyler St. to serve all the lots on Tyler St. & Arthur Place. Motion by Proft seconded by F~ng, authorizing the watermain con- struction from the now existing line on Tyler Street, east to the lot line midway between Tyler St. and Arthur Place, then north to the existing line on 45th Avenue, and sanitary sewer from the now existing line on Tyler St. to serve all lots on Tyler Street. Roll Call - Ail Ayes. Motion by Chics seconded by King, authorizing the opening of Arthur Place and installation of sa~&~ary sewer, pending the engineer's approvalnof the storm sewer. Roll Call - Ail Ayes. and installation co. 3.~474.%/ I / 3.~353% / I ~d late~ ~his me ng. A Hearing was held on platting of new street from 40th Ave. to north of 41st Ave. bordering swamp west of Reservoir Blvd. including utility ~x~en~ions. Motion by King seconded by Proft, that the preliminary plat be accepted on this project. Roll Call - All Ayes b~tion by Chies seconded by King, authorizing the City Ma~~ a~x~~ww~'%~_E Engineer to proceed with ~k~ acquiring of the necessary right-of-ways ~ for street opening, and the design of' the sanitary sewer and watermains necessary for this street. Roll Call - All Ayes Hearing held on Project $365 Assessment roll for sanitary sewer on Arthur Street north of 42nd Avenue Resolution offered by Proft seconded by King, Adopting assessment Tolls for the following local improvements and determining that said improve- ments be made and ratifying and confirming all other proceedings, here- tofore had: Project ~365. WHEREAS, the City Council of Columbia Heights, Minnesota, met on the 27th day of April, 1959, at the City Office in said City, being the time andplace set when and where all persons interested could appear and be heard by the Council with respect to benefits, and to the pro- portion of the cost of making the local improvements above described, a notice of such hearing been heretofore duly published as required by law; and, W~ERF2~, this Council has heretofore estimated and fixed the c~st of such local improvements and has prepared ah assessment roll -therefore. Roll Call - All Ayes. ~ rec~est was received from John M. Hanson to connect a private sewer aln-=o service his aprtment building at.631 37th Avenue. Motion by Chies seconded by King, that this request be granted upon payment of ~250.00. Roll Call - All Ayes. A request was received from Arvid E. Carlson & Son,Inc. to extend the existing watermain on 3rd Street to service 4213 3rd St. which would be approximately 115' in length and installed under the supervision of the City Engineer. Motion by King seconded by Chies, that this request be granted. Roll Call - All Ayes A Petition was received for sanitary sewer on Arthur Street between 39th and 41st. Motion by King seconded by Proft, that a Hearing be held May llth on this improvement. Ro. call - All Ayes. an ^ request was received from Fred Peterson to move the house a Central Avenue to 4518 Monroe. Motion by Chies seconded by Proft, that this permit be granted to move house only. provided it is stuccoed and kept as close to ground as possible. Roll Call - Ail Ayes. Motion by King seconded by Chies, to recess at 9:45. Meeting called to order at 9:50. A request was received from John Chies, for private sewer extension to serve the 11 unit apartment building at 940 - 39th Avenue. Motion by King seconded by Proft, that this request be granted upon payment of the proper fee. Roll Call - King, Julkowski, Proft. Chies abstained from voting. 2nd Reading Ordinance No.434. Offered by Chies seconded by King. Roll Call '- All Ayes. Rezoning to multiple dwelling Lots 27 thru 30, Block 2, Sheffield's 2nd Subdivision. 2nd Reading Ordinance No.435, rezoning to commercial Lots 18 thru 21, Block 20, Roslyn Park. A petition was received against this rezoning Motion by Chies seconded by Proft, that this petition be placed on file. Roll Call - Ail Ayes. Ordinance No.435 offered by King seconded by Chies. Roll Call - All Ayes. Motion by Chies seconded by King, Any building permit issued for the above described premises must be accompanied by a lay-out and application for construction of a permanent type fence along the entire east and north boundaries of this property. Roll Call - Ail Ayes. 2nd Reading Ordinance No 436, rezoning to multiple dwelling the Easterly 80' of Lot 17, Reargmt. of Block 'E" C.H. Annex. Offered by Proft seconded by King. Roll Call - All Ayes. 2nd reading Ordinance No.437, rezoning to multiple dwelling Lot ~ and north 80' of LOt 2, Block 2, & Lot 6, Block 1,Gillett's Annex to Columbia Heights. Offered by Chies seconded by Proft. Roll Call - 2nd Reading Ordinance No.438, regulating heating, ventilating, air condi- tioning, heating equipment and licensing heating Contractors. Offered by Proft seconded by King. Roll Call - All Ayes. 2nd Re~ding Ordinance No.439, vacating that part of 46½ AvenUe from the east right-of-way line of 7th Street to the west right of way line of Washington St. extended from the south, Offered by Chics seconded by ~ng. Roll Call - All Ayes. 2nd reading Ordinance No.440, vacating that part of 46½ Avenue from the east right of way line of Washington St. extended from the south to the west right of way line of Jefferson St., except the east 20' Offered by King seconded by Proft. Rgll Call - All Ayes. 2nd reading Ordinance No 441, vacating that part of 47th Ave. from the east right of way line of Jefferson St. ex~ended from the north to the west line of Lot 11, Pleasant View Addition. , Offered by Chics seconded by Proft. Roll Call - All Ayes. 2nd reading Ordinance No,442, vacating t~at part of 48th Avenu~ from the east right of way line of Washington St. to the west right of way lihe of Jefferson St. Offered by Proft seconded by Chics. Roll Call - All Ayes. 2nd reading Ordinance No.443, vacating that part of Monroe St. from .the south right of wa~ iine of 46½ Avenue to the north right of way line of 46th Ave. Offered by King seconded by Chics. Roll Call - Ail Ayes. 2nd reading Ordinance No.444, vacating that part of Madison St. from the south right of way line of 46th Avenue to a point 110' south of the south right of way line of 46th Avenue. ~f~ered by Chics seconded by F~ng. Roll Call - All Ayes. 1st reading Ordinance No.445, amending Ordinance No 292, being an ordinance providing for Civil Defense and for protection and promotion of Public safety health and welfare in the City of Columbia Heights during Civil Defense emer~e~ gencies. ' Each member shall hold Office at the Pleasure of the Mayor and shall be entitled to such just compensation as may be established by resolution of the City Council. Preamble to Ordinance No.446,-being an Ordinance entitled "An Ordinance authorizing the sale by the City Treasurer of $40,000.00 Emergency Debt Certificate". Offered by King seconded by Proft. Roll Call -~All ~yes. Ordinance No'446 offered by Chics seconded by King. Roll Call - Ail Ayes. Motion by Proft seconded by King, that the following estimates be.paid out of their proper funds: Ridgeway Construction Co. $34,083.00 S.C. Smiley & Assoc. 743.59 Healy Plbg.& Htg. Co. 200.00 Roll Call - All Ayes. Motion by King seconded by Proft, that David B. Johnson, 3967 Hayes St. be appointed as represen~iyg~Qr~91~b~e~h~~t~Commercial and Industrial promotionamee~lng to ~e ~e~ at ~he~a~urt H use May 7th, 1959. Roll Call - .All Ayes. Motion by King seconded by Chics, that the City Engineer be authorized to draw specifications for a new traxcavator. Roll Call - All Ayes. Motion by King seconded by Proft, that R.D. Thomas & Associates be authorized to continue the Tyler St.-Arthur Place storm sewer study, to include 43rd Avenue from Tyler to Benjamin. Roll Call - All Ayes. M~tion by Chies seconded by King, that the Juke Box license be granted to Star Sales, 513 - 40th Ave. Roll Call - All Ayes. Motion by King seconded by Chies, that the list of Election judges as submitted by the City Clerk, be approved. Roll Call - Ail Ayes It was announced that this was the time and place for opening and con- sider&~on of bids for the purchase of $550,000 Permanent Improvement Revolving Fund Bonds and 8150,000 Municipal Building Bonds of the City advertised for sale pursuant to prior resolutions mol the City Council. It was determined that all of the persons who desired to bid on either of said bond issues had delivered their sealed bids to the City Manager. The City Manager reported that the notices of sale for said bond issues had been duly published as required by law, in the official news- paper and in Commercial West. The City Manager then presented the sealed bids which had been received for the bonds, which were thereupon publicly open~d, tabulated, and found to be as follows: FOR THE 8550,000 PERMANENT IMPROVEMENT REVOLVING FUND BONDS Name of Bidder or Members of Biddinq Group J.M. Dain & Co.,Inc.,Mgr. Northwestern National Bank John Nuveen & Company Allison-Williams Company Piper, Jaffray & Hopwood Shearson~Hammill & Company Harold E. Wood & Company Maturities Interest Rate Premium 1960/65 3.20% 1966/69 3.60% None Plus 2.40% per annum on all bonds from July 15, 1959 to Dec. 1,1959 evidenced by extra coupons numbered B-1 for 89.00 due Dec. 1, 1959 Net Interest cost $109,230 Average interest rate 3.610909% E.J. Prescott & Company~ Mgr 1960/62 2.80 None Kalman & Company, Inc. 1963/65 3.00 Juran & Moody, Inc. 1966/69 3.50 American National Bank of St. Paul Paine,Webber, Jackson & Curtis Manheimer-Egan, Inc. Plus 1/60% per annum on all bonds from July 1, 1959 to June 1, 1960, evidenced by separate coupons Net interest cost $107,503.00 Average Interest Rate 3.5538% FOR $150,'000 MUNICIPAL BUILDING BONDS Name 'of Bidder of Member of Biddin9 Group J.M. Dain & Co.,Mgr. Allison,Williams Company Northwestern National Bank John Nuveen & Company Pipe, Jaffray & Hopwood Shearson,Hammill & Co. Harold E. Wood & Co. interest Maturities Rate Premium i961/65' 3.20% None 1966/70 3.60% 1971/75 3.90% Plus 1.80% per annum on all bonds from August 1, 1959 to June 1, 1960 evidenced by separate coupons. Net inerest cost $54,825.00 Average Interest rate 3.847368% E.J. Prescott & Company, Mgr. Kalman & Company, Inc. Juran & Moody, Inc. American National Bank of St. Paul Paine,Webber,Jackson & Curtis Manheimer-Egan,Inc. 1961/62 ~.80% 1963/65 3.00% 1966/69 3.50% 1970/72 3.90% 1973/75 5.00%~ None Plus 1/60% per annum on all bonds from July 1, 1959, to June 1, 1960, evidenced by separate coupons/ Net interest cost $54,654.00 Average interest rate 3.8353% The net interest costs on the issues according to the foregoing bids were then computed and announced. After consideration of the bids by the Cpuncilmen, Cguncilman King presented and read the following resolution and moved its adoption: RESOLUTION.AWARDING SALE OF . $550,000 PERMANENT IMPROVEMENT REVOLVING FUND BONDS BE IT RESOLVED b~ the City Council of the City of Columbia Heights, Minnesota, that the bid of E.J. Prescott & Company, of the City of Minneapolis, Minnesota, and associates names therein, to purchase $550,000 Permanent Improvement Revolving Fund Bonds of the City to be dated~as of June 1, 1959, and to be issued in accordance with the notic~ calling for bids thereon, is hereby found and determined to be the hid'most favorable to the City received pursuant to due advertisement therefor, and should be and is hereby accepted, said bi'd being to 'purchase the bonds at a price of par plus accrued interest plus a premium of $ None for bonds bearing interest as follows: Year of Maturity Interest Rate 1960 through 1962 2.80% , 1963 " 1965 3.00% 1966 " 1969 3.50% Plus additional interest on all bonds at 1/60% per annum from July 1, 1959 to June 1, '1960. BE IT FURTHER RESOLVED that the Mayor and City Manager are authorized and directed to endorse an acceptance on said bid, and on a copy thereof, and to return such cooy to the successful bidder. The good faith check of said bidder shall be retained by the City Treasurer pending completion and delivery of the bonds, and the good faith checks of other bidders shall be forthwith returned to them. John P. Stopka Attest: ~va Pritchard Mayor Secretary of Council The motion for adoption of the foregoing resolution was duly seconded by Councilman Proft, and on vote being taken thereon the following voted AYE: King, Julkowski, Chies, Proft and the following voted NO: None whereupon said resolution was declared duly passed and adopted,-and was thereafter signed and attested by the Mayor and Secretary. Coulcilman Chies presented and read the following resolution and moved its adoption: RESOLUTION~NNG S~T~ OF 8150,000 MUNICIPAL BUILDING BONDS BE IT RESOLVED by the City Council of the City of Columbia Heights, Minnespta, that the bid of E.J. Prescott & Company, of the City of Minneapolis, Minnesota, and associates named the~in, to purchase $150,000 Municipal Building Bonds of the City to be dated as of June 1, 1959, and to be issued in accordance with the notice calling for bids thereon, is hereby found and determined to be the bid most favorable to the City received pursuant to due advertisement therefor, and should be and is hereby accepted, said bid being to purchase the bonds at a price of par plus accrued interest plus a premium of $ None fo~ bonds bearing interest as follows: Years ofMaturit¥ Interest Rate 1961 through 1962 2.80% 1963 ~ 1965 3.00% 1966 ' 1969 3.50% 1970 " 1972 3.90% ~973 ' 1975 4.00% Plus additional interest on all bonds from July 1, 1959 to June 1, 1960, at 1.60% per annum BE IT FURTHER RESOLVED that the Mayor and City Manager are authorized and directed to endorse an acceptance on said bid, and on a copy thereof, and to return such copy to the successful bidder. The good faith check of said bidder shall be retained by the City Treasurer pending completion and delivery of the bonds and the good faith checks of other bidders shall be forthwith returned to them. John P. Stopka Attest: Eva Pritchard Mayor Secretary to Council The motion for adoption of the foregoing resolution was duly seconded by Councilman King, and on vote being taken thereon the following voted AYE: King, Julkowski, Chies, Proft. and the following voted NO: None whereupon said resolution was declared duly passed and adopted, and was thereafter signed and attested by the Mayor, and Secretary. Councilman King introduced the following resolution and moved its adoption, which proposed resolution was thereupon read: A RESOLUTION FIXING THE FORM AND DETAILS OF 8550,000 PERMANENT IMPROVEMENT REVOLVING FUND BONDS, DIRECTING THEIR EXECUTIONAND DELIVERY, ~AND -. LEVYING THE ~%XFOR THEIR PAYMENT BE IT RESOLVED by the City Council of the City of Columbia Heights, Minnesota, as follows: 1. The City of Columbia Heights shall forthwith issue and deliver its negotiable coupon PERMANENT Improvement Revolving Fund Bonds in the aggregate principal amount of $550,000, dated as of June 1, 1959, said bonds to be 550 in number, numbered 1 through 550, each in denomination of $1000, and to mature serially in the amount of $55,000 on June 1 in each of the years 1960 through 1969, all without option of prior payment. Said bonds shall bear interest payable December 1, 1959, and semi-annually thereafter on each June 1 and December 1, at the'following rates: Serial Numbers Maturity Interest Rate 1 through 165' 1960 through 1962 2.80% 166 " 330 1963 T 1965 3.00% 331 " 550 1966 = 1969 3.50% Plus additional interest on all bonds at 1.60% per annum, from July 1, 1959 to June 1, 1960.~evidenced bY separate interest coupons. Both prinqipal and interest shall be payable at the American National Bank of Saint Paul, in St. Paul, Minnesota, and the City agrees t~ pay the reasonable and customary'charges of such institution for 'its services as paying agent. 2. Said bonds and the interest'coupons'to be thereto attached shall be in substantially' the following_form: UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF COLUMBIA HEIGHTS PERMANENT IMPROVF/~ENT REVOLVING FUND BOND $1000 KNOW ALLMEN BY THESE PRESENTS Tha~ the City of Columbia Heights, Anoka County, Minnesota, acknowledges itself t6 be indebted and for value 'received promises to pay to bearer the sum of ONE THOUSAND DOLLARS on the 1st day of June, 19 , wlthout °Ption of Prio~ payment, .and to pay interest thereon, from the date hereof until the principal sum is paid, at the rate of per'cent ( %) per annum, payable December,l,1959, and semiannually thereafter on .each June 1 and December 1, plus additional interest at one and 60/100 per-cent (1.60%) per_annum from July 1, 1959 to June 1, 1960, evidenced by separate "B~.coupons, all interest to maturity being payable in accordRmce with and upon presentation a and surrender of the interest coupons appurtenant hereto as they severally become~due. Both principal' and interest are payable at The American National Bank of Saint Paul, in St. Paul, Minnesota, in any coin or currency of the United States'of America which'at the time of payment is legal tender for public and private debts. For,the prompt and full payment of such principal and interest as they respectively become due, the full faith, credit, and unlimited taxing powers 1 of the City have been and are hereby irrevocably pledged. This bond is one of an issue in the total principal ~mount of 8550,000, all of like date and tenor except as to serial numbers, maturity'dates, and interest rate, all issued by said City for the purpose of providing funds for improvements of a lasting character, including installation of paving, curbs, gutters, storm sewers, street openings and acquisitions, and water line and sewer line extensions and a trunk sanitary sewer, and as authorized by an ordinance duly adopted by 4/5 vote of the Council and pursuant to and in full conformity with the Constitution and Laws of the State of Minnesota and the Home Rule Charter of said City thereunto enabling. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions, and things requiredby the Constitution and Laws of the State of Minnesota and the Home Rule Charter of said City to be done, to happen, to exist, and to be performed precedent to and in the issuance of this bond, in order to make it the valid and binding general obligation of said City according to its terms, have been done, have happened, do exist, and have been performed in regular and due form, time, and manner as required bY law; that, prior to the issuance of this bond, a direct, annual ad valorem tax has been duly levied upon all of the taxable property in the City for the years and in amounts as required by law, and additional taxes, if needed for payment of said principal and interest, will be levied upon all of said property without limitation as to rate or amount; and that the issuance of this bond did not cause the indebtedness of the City to exceed any constitutional, statutory, or charter limitation. IN WITNESS W~EREOF the City of Columbia Heights, Minnesota, by its Council,has caused this bond to be executed in its behalf by the signature of the Mayor, attested by the City Manager, and its corporate seal to be hereto affixed, and has caused the attached interest coupons to be executed and authrnticated by facsimiles of the signatures of said officers, all as of June 1, 1959. John P Stopka Attest: Mayor City Manager (SEAL) (Form of Coupon) No. 8__ '"On the 1st day of December (June), 19 , the City of Columbia Heights Minnesota, will pay to bearer at The American National Bank of Saint Paul, in St. Paul, Minnesota, the sum of Dollars for interest then due on its Permanent Improvement Revolving Fund Bond dated June 1, 1959, No. . Attest: (Facsimile signature ) City Manager (Facsihile signature) Mayor 3. Said bonds shall be forthwith prepared for execution under the direction of the City Manager and attorneys, and shall thereupon be executed ~n behalf of the City of the signature of the Mayor, attested by the City Manager, and sealed with the official corporate seal; and the interest coupons shall be executed and authenticated by printed facsimiles of the signatures of said officers. When the bonds have been so executed, the City Treasurer shall deliver them, or cause them to be delivered, to the purchasers upon receipt of the purchase price herdtofore agreed upon, and the purchaser shall not be obligated to see to the application of such purchase price. 4. The full faith and credit of the City and its unlimited taxing powers art hereby irrevocably pledged to the prompt and full payment of the principal of and interest on each and all of said bonds as such ~rincipal and interest become due. In compliance with Minnesota Statues, and in order to provide moneys for payment of the principal of and interest on bonds, there shall be and is hereby levied upon all of the taxable properties in the City a direct, annual ad valorem tax to be spread upon the tax rolls and collected with and as-part of other general City taxes.in the, years 1959 through 1967 (collectable in the respective next ensuing,yea~ and in amounts as follows: Year Amount . year Amount - Year Amount 1959 $84,355 1963 $69,300 1966 $63,810 1960 74,270 1964 .67,570 1967 .61,795 1961 72,650 1965 65,835 1968 .59,~70 1962 71,030 Said levies shall be irrepealable until the full. principal and interest on all of the bonds of said issue have been paid; provided that, when and if other moneys are available or shall .be available in the special sinking fund to pay the principal and interest of the bonds, the City Manager shall certify such amount to ~the County Auditor of Anoka County on or before October 15 in any year, and thereupon the amount to be extended upon .the' next ensuing tax rolls for said bonds shall.be reduced ~accordingly. 5. There. is hereby c~eated a separate ':Sinking Fund Account for $550,000 Permanent Improvement Revolving Fund~ Bonds~' in the general sinking fund of the City, into which shall,be paid the proceeds of .the .foregoing , levies and any accrued interest and premium received upon the delivery of the bonds, and such other moneys as may from time to time be directed to be used for payment of said bonds, including proceeds of collections of all special, assessments levied for the improvements for which the proceeds of said bonds are used to pay. Out of said account sh~ll be paid the interest on and principal of this issue as such principal and interest become due. Said account shall be used for no other purpose until all of s~d bonds have been paid, save and except that, if any payment of principal or interest shall become due on any of said bonds when moneys in the sinking fund account are insufficient therefore, such payments shall be made by .advances out of any other funds of the City, and such funds-may be reimbursed out-of said account when moneys are available therein. 6. The Secretary of the Council is diracted to cause a copy of .this resolution, certified by the Secretary, to be filed in the office of the County,,Auditor of Anoka ~ounty, Minnesota, and .to obtain from such Auditor the certifieate required by law respecting the filing~ thereof and enty of the bonds on his register. 7. The County officers of Anoka County and the officers of the City are authorized and directed to furnish to the purchasers of said bonds, and to the attorneys approving legality thereof, certified copies of all proceedings and records of the City relating to the bonds and to the financial a~fa~s of the City, and such other certificates or affidavits as may be. required to show the facts as to the power and authority of the .City to' issue said bonds, as shown by the books and records under their custody and control or as otherwise known to such officers; and such certified copies, certificates, and affidavits, including any heretofore furnished, shall be deemed representatives of the City as to the truth of the facts purported to be shown thereby. 8. This resolute-on shall be published in the official newspaper ~ithin 15 days after its passage, and shall take effect 30 days after its passage, unless suspended by a referendum petition, and upon so taking effect shall operate to ratify, confirm and validate any and all actions of the City Officers thereto fore taken which are herein authorized to be done. Approved: John P. Stopka Mayor Passed April 27, 1959 Attest: Eva Pritchard Secretary to City Council The motion for adoption of the foregoing resolution was duly seconded by Councilman Chies, and on vote taken thereon the following voted AYE: King, Julkowski, Chies, Proft and the following voted NO: None whereupon said resolution was declared duly passed and adopted, and was thereafter signed and attested by the Mayor and Secretary. Councilman King then introduced the following resolution and moved its adoption, which proposed resolution was thereupon read: A RESOLUTION FIXING Tf~ FORM AND DETAILS OF $150,000 MUNICIPAL BUILDING BONDS, DIRECTING THEIR EXECUTION AND DELIVERY, AND LEVYING THE ~%X FOR THEIR PAYMENT. BE IT RESOLVED by the City Council of the City of Columbia Heights, Minnesota, as follows: 1. The City of Columbia Heights shall forthwith issue and deliver its negotiable coupon Municipal Building Bonds, in the aggregate principal amount of $150,000, dated as of June 1, 1959, said bonds being 150 in number, numbered 1 through 150, each in denomination of 81000, and to mature serially in the amount of $10,000 on December 1 in each of the years 1961 through 1975, all without option of prior payment. Said bonds shall bear interest payable JUne 1, 1960, and semiannually there- after on each December 1 and June 1, at the following rates: Serial Numbers Maturity Years 1 through 20 1961 through 1962 2.80% 21 " 50 1963 ' 1965 3.00% 51 " 90- 1966 " 1969 3.50% 91 ' 120 1970 ' 1972 3.90% 121 " 150 1973 ' 1975 4.00% Interest Rate Plus additional interest on all bonds from July 1, 1959 to June 1, 1960 at 1.60% per annum, evidenced by separate interest coupons. 2. Said bonds and the interest coupons to be thereto attached shall be in substantially the following form: UNITED S~TES OF AMERIC~ S~TE OF MINNESOTA COUNTY OF ANOKA CITY OF COLUMBIA HEIGHTS No.00 MUNICIPAL BUILDING BOND 81000 KNOW ALL MEN BY T~ESE PRESENTS that the City of Columbia Heights, Anoka County, Minnesota, acknowledges itself to be indebted and for value receivedpromises to pay to bearer the sum of ONE THOUSAND DOLLARS on the 1st day of December, 19 , without option of prior payment, and to pay interest thereon, from the date hereof until the principal sum is paid, at the rate of per cent-(, j'. %) per annum, payabl~ June i',-.=. 1960, and semiannually thereafter_on each December 1 and June 1, plus additional interest at one and 60/100 per Cent (1.60%) per annum from ~uly 1; 19.59, to June 1, 1960, evidenced by separate "B" coupons, all interest to maturity being payable in accordance with.and'upon present- ation and surrender of the interest coupons appurtenant hereto as they severally become due. Both principal and interest are payable at The American National Bank of Saint Paul, in St. Paul,~innesota, in'any coin or currency of the United States of America which at the time of ~ayment is legal tender for public and private debts. For the .prompt and full payment of such principal and interest as they respectively.become due, the full faith, credit, and unlimited taxing powers of the City havebe~n and are hereby irrevocably pi'edged. This bond is one of an issue in' the total principal amount 8150,000, all of like date and tenor except as to serial .numbers, maturity dates, and interest rate, all issued by said City for the purpose of providing funds for erecting a municipal building to house the police and'fire departments and such other departments as may be beemed advisable, all as authorized by an ordinance duly adopted by 4/5 vote of the Council and pursuant to and in full conformity with the constitution and'Laws'of the State of Minnesota and the Home Rule Charter of said City-thereunt~lenab~ing. IT IS HEREBY CERTIFIED.AND RECITED that all acts, conditRons, and things required by the Constitution and Laws of the State of Minnesota and.the Home RFle Charter of said City to be done,_ to happen, 'roi exist, and to be performed prevedent to and in the issuance of-this bond, in'order to make'it the valid and binding general obligation of said City according to its terms, have been done, have happened, do exists'and have been performed in regular and due form, and manner as required by law; that, .prior to the issuance of this bond, a direct, annual ad valorem tax has been duly levied upon all of the taxable property in the City for the. years and in amounts as required by law, and additional taxes,'if needed for payment of said principal and interest, will be ~evied upon all of said proPerty without limitation' as to rate'or'amount; and that the issuance of this bond did not cause the indebtedness of the City to exceed any constitutional, statutory, or charter limitation. IT WITNESS WHEREOF the City of Columbia Heights, Minnesota, by its Council has caused this bond to be executed in its behalf by the signature of the Mayor, attested by the City Manager and its corporate'seal to be hereto affixed~ and has-caused the attached interest coupons to be executed and authehticated by facsimiles of the signatures of said officers, all.as of June 1, 1959. · '-~ ' .... John P. Stopka " Attest: Malcolm O. Watson Mayor City Manager (Fo~m of Coupon) No. $ On the 1st day of June (December), 19 , the City of Columbia Heights, Minnesota, will pay to-bearer, at'The.American ~ationa! Bank of Saint Paul in St. Paul, Minnesota, the sum of DOLLARS for ihterest then~due on its~Municipal Building Bond dated'June 1,1959, No. o ' ~-' ' (Facsimile signature) Attest: '(Facsimile Signature) 'Mayor " _ City Manager 3. Said bonds shall be forthwith prepared for execution uhder the direction of the City Manager and attorneys, and shall thereupon be executed in behalf of the City by the signature of the Mayor, attested by the City Manager, and sealed with the official corporate seal~ and the interest coupons shall be executed and authenticated by printed facsimiles of the signature of said officers. When the bonds have been so executed, the City Treasurer shall deliver them, or cause them to be delivered, to the purchasers upon receipt of the purchase price heretofore agreed upon, and the purchaser shall not be obligated to see to the application of such purchase price. 4. The full faith and credit of the City and its unlimited taxing powers are hereby irrevocably pledged to the prompt and full payment of ,the principal of and interest on each and all of said bonds as such principal and interest become due. In compliance with Minnesota Statutes, and in order to provide moneys for payment of the principal of and intereSt on the bonds, there shall be and is hereby levied upon' all of the taxable properties in the City a direct, annual ad valorem tax to be spread upon the tax rolls and collected with and as part of other general City taxes in the years 1959 .t~rough 1974 (collectable in the respective next ensuing years) and in amounts as follows: Year Amount Year Amount Year Amount 1959 810,550 1964 $14,775 1969 $12,990 1960 15,990 1965 14,560 1970 12,580 1961 15,700 1966 14,090 1971 12,170 1962 15,400 19~7 13,725 1972 11,760 1963 15,090 1968 la, 355 1973 11,340 1974 10,920 said levies shall be irrepealable until the full principal and interest on all of the bon~s of said issue have been paid~ provided that, when and if other moneys are available or shall be available in the special sinking fund to pay the principal and interest of the bonds, the City Manager shall certify such amount to the County Auditor of Anoka County on or before October 15 in any year, and thereupon the amount to be extended upon the next ensuing tax rolls for said bonds shall be reduced accordingly. 5. There is hereby created a separate 'Sinking Fund Account for $150,000 Municipal Building Bonds' in the general sinking fund of the City, into which account shall be paid the proceeds ,of the foregoing ~ vies and any accrued interest and premium received upon the delivery of said bonds and such other moneys as may from time to time be directed to be used for payment of said bonds.- Out of said account shall be paid the interest on ant and principal of the bonds of this issue as such principal and interest payments become due. Said account shall be used for no other purpose until all of said bonds have been paid, save and except that if any payment of principal or interest shall become due on any of said bonds when moneys in the sinking fund account are insufficient therefor, such payment shall be made by advances out of any other funds of the City, and such funds may be reimbursed out of said account when moneys are available therein. 6. The Secretary of the Council is directed to cause a copy of this resolution certified by the Secretary, to be filed in the office of the County Auditor of Anoka Countyw Minnesota, and to obtain from such Auditor the certificate required by law respecting the filing thereof and entry of the bonds on his register. 7. The County officers of Anoka County and the 6fficers of the City are authorized and directed to. furnish to the purchasers of said bbnds, and to the attorneys approving legality thereof, certified copies:of all proceedings and records of the City relating to the bOnds'and to the financial affairs of the City, and such other certificates or affidavits as may be required to bhow the facts as to the power and authority of the City to issue said bonds, as shown by the books and records under their custody and control or as-otherwise known'to such-officers; and such certified copies, certificates, and affidavits,-including any heretofore furnished, shall be deemed-repkesentations ~f-the Cit~ as to-the truth, of the facts purported to be shown thereby. 8. This resolution shall be published in-the official newspaper within 15 days after its passage, and'shall take effect 30.days after-its pass- age, unless suspended-by a referendum petition, and upon so ta~ing effect -shall operate to ratify, confirm'and validate any and al~ actions of the City officers theretofor~ taken which are herein authorized or directed to be done. Passed April 27, 1959. Attest: E~a Pritchard Secretar~ of Council Approved: John P. Stopka Mayor' The motion for adoption of the foregoing resolution was duly' seuonded by Councilman Proft, and on vote taken thereon the following voted AYE: King, Julkowsk~, ~Chies, Proft. and the following'voted NO: none whereupon said ~esolution was declared duly passed a~d ~d0pted and was thereafter signed and atteste~ bY the Mayor and Secret~ry. ~ Motion by Chies seconded by Proft, that the meeting adjourn at 11:45 p,m, Roll Call - All Ayes. I