07-18-1973 CCMSPECIAL MEET
JULY 189 1973
Mayor Black called the meeting to order at 9:15 A.M. Members present
were Aldermen Linde \, Alrick, Westlund and Lueneburg and Mayor Black.
Also present was Adm nistrative Assistant Mealey.
Mr. Eugene Daggett app ared to ask the Council to consider street lighting
in the Industrial Park, particularly in front of the building recently
leased by 3M for warehou e. On motion by Alderman Westlund, second by
Alderman Alrick, the Supe intendent of the Electric Utilities was asked
to make a recommendation r consideration at the meeting of July 24.
Mayor Black summarized his scussions with Mr. Barger of RCM on the
subject of sludge dryer fore waste water treatment plant. It was
the concensus that the Counci will await further report in more detail.
Mayor Black then appointed A1d rman Linder to be Council member on the
Planning Commission and AldermaA Lueneburg to be Council member of the
Park and Recreation Board. All resent concurred in these assignments.
Mayor Black then broughtup the fu�ther consideration of employee -employer
relations and asked the Council t concur in revision of weekend standby
provisions for Water and Sewer Dep rtment permitting Superintendent Mix
to schedule his men on standby ever third week. This would take Mr.
Mix off the schedule except as emer ncies demand his presence. All
present concurred.
Administrative Assistant Mealey was then directed to notify all department
heads to attend a discussion with the uncil at 4:00 P.M., Tuesday, July
24th for mutual exchange of ideas.
There being no further business before t e Council, the meeting was
adjourned at 9:40 A.M.
SPECIAL MEETING JULY 189 1973
A Special meeting of the City Council was called to order at the hour
of 9:00 A.M. by Mayor Black in the Council Chambers of the City Hall for
the purpose of canvassing the votes of the special election held on
July 17, 1973.
Members present were: Mayor Black, Aldermen Alrick, Linder, Westlund,
Lueneburg. Also present was Administrative Assistant Mealey.
The votes having been counted were found to be as follows:
"Shall the City of Hutchinson borrow money and issue its negotiable
bonds in the amount of not to exceed $300,000 to provide money for
the construction and acquisition of an outdoor swimming pool, with
buildings and equipment and related recreational facilities. "
PRECINCT YES NO BLANK TOTAL
PRECINCT
1
193
248
441
PRECINCT
2
168
152 2
322
PRECINCT
3
265
162
427
PRECINCT
4
207
264
471
PRECINCT
5
198
236 1
435
TOTAL
1,031
12062 3
22096
The foregoing is a true and correct canvass of the returns of the Special
Election held in the Armory, City of Hutchinson, County of McLeod on
July 17, 1973, from 7:00 A.M. to 8:00 P.M.
We the undersigned Canvassing Board, as a result of said canvass, do find
and certify that the forgoing bond issue was defeated.
Mayor:
D. J. Black
Councilman:
Leslie B. Linder
Councilman:
Ralph D. Westlund
Councilman:
Jay F. Alrick
Councilman:
Milton Lueneburg
Attest:
i
City Clerk
Mayor
SPECIAL MEETING (2) JULY 18, 1973
It was noted due to the la gepercent of voter turn out, more than antici-
pated, approximately 200 wh to City Official Election Ballots were used.
There being no further businessbefore the Council, meeting was declared
adjourned.
SPECIAL COUNCIL MEETING JULY 177 1973
The meeting was called to order at 2:00 P.M. Tuesday, by Mayor Black
pursuant to notice and call according to Chapter III, Section 3.301
of the Charter for the City of Hutchinson for the purpose of receiving
bids for $725,000 General Obligation Bonds.
Members present were: Alderman Westlund, Alderman Lueneburg and Mayor
Black. Members absent were: Alderman Linder and Alderman Alrick.
Also present were: Administrative Assistant Mealey, City Attorney
Schantzen and Steven J. Mattson, representing Juran and Moody fiscal
advisors to the City.
Mayor Black read the published notice and call for bids and the Clerk
then opened and read the bids as follows:
(See attached sheets)
Alderman Westlund then introduced Resolution No. 5270 (Awarding Sale of
1973 Improvement Bonds) and moved its adoption. Alderman Lueneburg
seconded the motion and upon vote being taken, all members voted "aye"
whereupon said resolution was declared adopted. (text)
Alderman Lueneburg then introduced Resolution No. 5271 (Resolution
Fixing the Form and Specifications For $725,000 Improvement Bonds of 1973
Directing their Execution and Delivery and Providing For Their Payment)
and moved its adoption. Alderman Westlund seconded the motion and upon
vote being taken, all members voted "4ye" whereupon siad resolution was
declared adopted. (text)
Therebeing no further business before the Council, meeting was declared
adjourned at 2:40 P.M.
RESOLUT I O NO. ')Z/1
RI:::UL,liI'ION FIXING THE FORM A.%D SPECIFICATIONS
FOR $725,000 IMPROVEMEiN'1 BO?,IDS OF 1973
DIRECTING THEIN EXECUTION AND DELIVERY
AND PROVIDING FOR THEIR PAYMENT
BE IT RESOLVED By the City Council or the City of Hutchinson,
Minnesota, as `(-;1 lows :
1. The City shall forthwith issue its negotiable public
improvement bonds in the principal amount of $725,000
dated August 1, 1973, said bonds being 145 in number and numbered 1 to
282, both inclusive, in the denomination'o $5,000 each, bearing
interest as follows: A.e
Maturina Dates
1975-19-6
1977-19-'8
1979-1980
1981-1982
1983-1984
Interest Rates
4.50%
4.60%
4.70%
4.80%
4.90%
and whi cti ' c ,,d rJature serially on August 1 in the years and amounts
as follows:
>"_o 00( in 1<) through ].979 inclusive and $75,000 in 1980 through 1984 inclusive.
2.
charges o
3.
No.
Both principal and interest shall be payable at
National fan of Mirneapolis in the
and the city shall pay t
f said bank for its services as paying agent.
First
e reasonable
l!,e bonds and interest coupons shall be substantially
as follows:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF McLEOD
CITY OF HUTCHINSON
Improvement Bonds of 1973
$5.000
KNUW ALL MEN BY THESE PRESENTS That the City of Hutchinson,
McLeod County, Minnesota, acknowledges itself to be indebted and,
for valuF- rc.lceived, hereby promises to pay to bearer out of its
Impr{_;veme:nt Bonds of 1973 Fund, the sum of FIVE THOUSAND DOLLARS on
the 1st day of August, 1975 and to pay interest thereon at the
rate of
Matui-,nq Dates
19 5-19 �f�
]977-1978
19,9-1980
1981-19-
19;3-114--4
Interest Rates
x+.50/
4.601'
4.070%
4.00%0
- 1+.90%
all interest to maturity payable August 1, X974, and semiannually there-
after on the lst day of February and the 1st day of August in each year,
in accordance -::ith and upon presentation and surrender of the interest
coupons hereto: attached as they severally become due. Both principal
and interest ori this bond are payable at First National Bank of Minneapolis
in the in any coin or
currency of the United States of America which on the date of payment
is legal tender for public and private debts.
This bond is one of an issue of bonds in the total principal
amount of $725,000 all of like date and tenor except as to interest rate
and maturity, all issued by the city for the purpose of providing money
to defray the expenses incurred and to be incurred in various public
improvements, pursuant to and in full conformity with the Constitution
and Laws of the State of Minnesota, including Minnesota Statutes,
Chapter 429, and is payable primarily from special assessments against
=10
property s:'—cially benefited thereby, but constitutes a general
payment of said -rincipal and interest as the same become due, the full
faith and crc>dil )f the city is hereby irrevocably pledged and the City
Council will levy ad valorem taxes, if required for such purpose, which
may be leviti on all of the taxable property in the village without
limitation as to rate or amount.
IT IS HEREBY CERTIFIED AND RECITED That all acts, conditions
and things required bN, the Constitution and Laws of the State of Minnesota
to be done, to happen and to be performed precedent to and in the
issuance of this fond have been done, have happened and have been
performed in regul:3! and due form, time and manner as required by law;
and that this bond, together with all other indebtedness of the village
outstanding -)n the ci3te hereof and the date of its actual issuance and
delivery not Erx_,eed any constitutional or statutory limitation
thereor:.
.1N WITNESS WHEREOF, the City of Hutchinson, McLeod County,
Minnesota, by its City Council, has caused this bond to be executed in
its behalf by the facsimile signature of the Mayor and the manual
signature of the City Clerk and sealed with the corporate seal, and
the interest coupons hereto attached to be executed and authenticated
by the facsimile signatures of said officers, all as of August 1, 1973.
if i t 1.1 F1 I rk.____._.
(Seal ,
No.
Mayoi
(Form of Coupon)
ON THE FIRST DAY OF AUGUST,
1974
the City o` Hutchinson. McLeod County, Minnesota will pay to bearer
out of its Ii:, ;ovement: :3onds of 1973 Fun- at First National Bank of Minneapolis
in the
the Jrldnt shown thereon for interest then due on its Improvement Bonds
of 1,473 dated A.,qust 1, 1973.
(facsimile signature
City Clerk
No.
(facsimile signature)
Mayor
4. The city Clerk shall obtain a copy of the proposed approving
legal opinion of Messrs. LeFevere, Lefler, Hamilton and
Pearson which shall be complete except as to dating thereof and shall
cause said opinion to be printed on each bond, together with a certifi-
cate to be signed by his facsimile signature, in substantially the
following form:
I hereby certify that the foregoing is a full, true
and correct copy of the legal opinion executed by the above
named attorneys, except as to the dating thereof, which
opinion has been handed to me for filing in my office
prior to the time of bond delivery.
(facsimile signature)
-4- City Clerk
5. The bonds shall be prepared under the direction of the
City Clerk and shall be executed on behalf of the city
by the facsimile signature of the Mayor and the manual signature
of the City Clerk, and the corporate seal of the city shall be affixed
to each thereof, and the interest coupons shall be executed and
authenticated by the printed facsimile signatures of said Mayor and
City Clerk. The said bonds, when fully executed, shall be delivered
by the Treasurer to the purchaser thereof upon receipt of the purchase
price, and the said purchaser shall not be obligated to see to the
proper application thereof.
6. The bonds issued hereunder shall be payable from the -
Improvement Bonds of 1973 Fund, and all the proceeds of the
special assessments to be levied for said improvement are hereby pledged
to said fund. If any payment of principal of or interest on said bonds
shall become due when there is not sufficient money in said fund to pay
the same, the Treasurer shall pay such principal or interest from the
general fund of the City and such fund shall be reimbursed for such
advances out of the proceeds of assessments for said improvement when
collected.
7. It is hereby determined that the estimated collection of
special assessments for the payment of said bonds will pro-
duce at least five percent in excess of the amount needed to meet, when
due, the principal and interest payments on the bonds, and no tax levies
are presently required. The Clerk shall deliver a certified copy of
this resolution to the County Auditor of McLeod County, and obtain his
certificate as required by Section 475.63, Minnesota Statutes.
8. It is hereby determined that the improvements to be
financed by the issuance of bonds hereunder will benefit
the entire city and the city hereby covenants with the holders from
time to time of said bonds as follows:
(a) The city will cause the assessments for said
improvement to be promptly levied so that the first install-
ment will be collectible during 1974 and will take all steps
necessary to assure prompt collection.
(b) The city will keep complete and accurate books
and records showing all receipt and disbursements in
connection with each improvement, the assessments levied
therefor and other funds appropriated for their payment and
all collections thereof and disbursements therefrom, moneys
on hand anu baiance of unpaid assessments.
(c) The city will cause its said books and records to
be audited at least annually by qualified public accountants
and will furnish copies of such audit reports to any interested
persons upon request.
9. The officers of the city are hereby authorized and
directed to prepare and furnish to the purchaser of the
bonds and to the attorneys approving the same, certified copies of
proceedings and records of the city relating to said bonds and to
the financial condition and affairs of the city, and such other
certificates, affidavits and transcripts as may be required to show
the facts within their knowledge, or as shown by tie boors and records
in their custody and under their control relating to the validity and
marketability of said bonds, and such instruments, including any
heretofore furnished, shall be deemed representations of the village as
to the facts stated therein.
The motion for the adoption of the foregoing resolution was duly
seconded by Councilman Lueneburg and upon vote being taken thereon,
the following voted in favor thereof:
and the following members voted
against: None; whereupon said resolution was declared duly passed and
adopted. -5-
STATE OF MINNESOTA )
COUNTY OF McLEOD ) SS.
CITY OF HUTCHINSON )
I, the undersigned, being the duly qualified and acting Clerk of
the City of Hutchinson, Minnesota, hereby certify that I have carefully
compared the attached and foregoing extract of minutes of a special
meeting of the City Council of said city held July 17, 1973 with the
original thereof on file in my office, and the same is a full, true
and complete transcript therefrom insofar as the same relates to the
issuance and sale of $725,000 Improvement Bonds of 1973 of the city.
WITNESS M hand officially as such Clerk and the seal of the
city this 14` day of August , 1973.
City Clerk
City of Hutchinson, Minnesota
(Seal)