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08-15-1963 SpecialVILtA(~- OF RYCftpIELD special M~etin~ August 15, 1963 ~Tlie -council of the Village of Rfchf ieid. ~mEt in special ~ses~ion in the council chambers of the Village Hali, Thursday, August iS, 1963, at 5:00 F.M. The meeting was called to order by Acting Mayor Anderson. Present: Anderson, Randall, Reese. Absent: Jacobsen and Olson (at A.M.C, convention) Bond Sale ,~_ It being 5 s00' P.M. Acting Mayor Ainderson called for the bid-opening for the sale of $1,?00,000 water bonds of 1963. Former counci lman Shields appeared. Alien Rice of Irving J. Rice &~Co. was present. Nick Shopps of J. M. Dain &~Co. was present. Dick~Sandell of Kaimari & C©, was present. T. G. Evensen of T. G. E~ren~en & Associates appeared as fi-seal agent, Motion by Randall, seconded by Reese, that bids be closed. Ail ayes - carried The following bids were openeds BID N0. 1 - J. M. Dain & Co.., M~.nneapolis; John 1Vuveen & Co., ~Chic:ego, I11.; AllisonpWi113~ans Co., Minneapolis; American National Bank, St. Paul; Fitst National Bank, St: Paul; Northutestern National Bank, Minneapolig; Piper,. Jaffrey & Hopwood, Minneapolis, Caldwell Phillips Co., St. Paul, Wboilwa.rdm Elwood ~ Co., Minnea~c-lis ; accompanied by a certif led check of $34, ®30.00. Total Interest Cost from date of issue to maturity, less premiuffi Rate and net interest rate 1966/1970 - ~.10~ ' 19?1/1976 - 3.20°10 Par $800,175,00 1977/1981 - 3,40% 1982/1985 - 3.50%. 3.441% Plus additional interest of 1,20% per annum from YO/1/63 to 8/1/64 BT1~y~Tb~: 2 - Fiore, ~Porgan & Co., New York; Comirierce Trust Co., Kansas City,; I~ayden, Stoh~'~& Co._ NewT York; The Natibnal~Shawmut~Bank,'Bostone Dempseym ~egeier~a~.~oy~ St.`~~buis=`~3arret,~Fitch,~No~th & Co:, Inc:; Kansas City; I;uce, '1~oinnson & Co., Kansas City; Robert L. Conners & Co., Inc., Cincinnati; accompanie by a certified check of $34,000000 1 Bond sale .~2® Aug. 15a 1963 Bid Noe 2 cont~ - __.__ Total Iateres~-Colt from date of issue to-iriaturitys.lese premium '. Rate ~ and net ii~$n~est rs.te 196 19 4 m 3.2 0 71.40 8028303.60 1975/1985 ~ 3s 509'0 ' • • 30450% 1 BID N0. 3 ~ Harris Trust & 5a~ri~igs Bank, Chicago; Harriman Ripley ~ Co. a Inc,, NewYorYc; Re W, Ptesspr3clx ~ Co., New Yo.rkg.' Hornblower & Weeks o Boston; Lo F, Rothschild-& Co., New Xork; Reynolds & Co,, New York; accompanied bq a check of $34,004.00. 19$6 1971 - 3.00% 493.00 812s280o5b 1962/1975 3.25% ' 1976/1983 4 3.50° 3, 493y, 1984/1985 m 3.60~e Plus additional. interest of 1e00°~ per annuxm from 10/1/63 to 8/1/64 BID N0. 4 ~ R~.lman & Co. p Minne~.polis; Hartford Nat°1 B~sxk & Trust Ce, a Hartford; Paine, l9ebbet, Jackson & Curt3:sy Bostbng Bt~rn Brothers 1Cansas'Cityg Prancis I; "-- duPont & Coe, Nov Yorkg Juran & Mo~d.yg Inc, v 8t. Paulg Townsend, Dabney & °l~-son, Boston; Channer, Newman Securities Chicago; accompanied by a certified che~k•of $34,030.00. , 19fs6/1968 2;7t~i"o PAR 814 v?86,00 1969/1971 ~ 3;00% 1972/1973 ~- 3; 10% 3.504% 1974/1976 m 3; 30% 1977/1979 •0 3;50% 19$01985 3; 60'Io Pius additional interest of 2,40% per annum from 9/25/63 to 2/1/64 BID NOo 5 e Ae Ce Allyn & Coo, Chicago; Barcus Kindred & ~oo9_Chica~o; $e Jo Yart Ifagen & Co., Inc., New York; Dean Witter & Coeo gan Pranei$~og M. Be Vick & Co,a New York; accompanied by a certif ied check of $34fl050e00e $966/1977 m 3.3 o Par 818s65®e00 ~9 fi8/ ~ 3.409'0 1979/1982 ~ 3; 50°~ 3,521% 1983/1985 - 3.60% - Pius Additional interest ®f 1,50% per annum from 12/1/63 to 8/1/64 1 Bond Sale ~3~ Aug. l5, 1963 Motioni b'S' Reese; seconded by Randall, that the following resolution be adopted= that it'be-spread in the resolution book and that it be made a part of these minutes RBS~LUTION N0. 3079 R85OLUTION AWARDING SALE OP $1,700,000 WA1BR BONDS' OP 1943 Poii of votes~s Ayes m Anderson, Randall and Reese. Naffs = none. Absent ®~ J~~.cobaexi~and'~Oison. Carried, Tkiis resolution appears as resolution #3079 in Resolution book #20. It being. 5:00' P.M. Acting Mayor Anderson called for the tiid®opening ~ for the same of $1,575,000 Temporary Improvement Bonds; and read the notice of hearing. Motion by Reese, seconded by Randall, that the bids be closed0 The following bids were openedt BID N0. 1'~ B. J. Van Ingen ~ Co., Inc. New Yorkg Hartford Nat"1 Benk & Trust Co., Hartford; accompanied'b~ a certif led check ~ the amount of $31,500.00. Total Int. cost Emom date of. issue to Rate ~ nm.tur. less 'rem & net interest rate 8®1 1965 m 2.40 945.08 74,.654.92 2,369 ' ,~ BID N0. 2 ~ ~. M. Dain & Co,, Minneapolisg John Nuveen & Cpo, Chicago; Ailison- Wiiliams Co., Minneapolis; Americ~.n Nat°1 Bank, 5t, P~uls Pint Natg1 Bafik, 5t. Paul; Northwestern Nat°1 Bank; Minneapolisg Piper, Jaffra~;&-Hopwood, Minne~ apolis~ Caldwell Phillips Co., St. Paulg Woodard~Bivriood ~ C®., 'Minneapolis, ac® companied by a certif led check in the amount of $31,500.00® 8 i 1965 2.7 485000 84;565.00 20 684% BID N0. 3 m Irving J. Rice & Co~9 Ync., St, Paulg New York Hanseatic Corp, New York; accompanied by a certified .check in the amount of $31.8500.00. 8 i 1965 ~ 2.70x 101,00 84,9490.00 2,696%® Motion by Randall, seconded by Reese, that the following resolution be adopted; that it be spread in.the resolution boob and tha°~ it be made a part of these minutes: Bond Sale -4- Aug. 15, 1963 RBSOLUZTON N0. 3080 RB90LUTION AWARDING SALE OP X1,375,000 TBN,R'ORARY IMPROVEMENx ANDS Poll of vote: Ayes - Knderson, Randall, Reese. Nays - none. Absent - Tacc~sen & Olson. Carried. This resolution appears as resolution #3080 in resolution book #20. Motion by Rand all, seconded by Reese, that the meeting be adjourned. Ali ayes - carried. APPROVED: August 26, 1963 1 Wa Stanley W. Olson, ayor .-~ GG O. R Krevelen, Manager .~ Edward J. Mm13.n Clerk®Treas. 1