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Home My Public Portal About1987-082Member -its adoption: introduced- the following resolution and moved CITY OF MEDINA p y, RESOLUTION NO. s i-0 RESOLUTION AUTHORIZING THE POSTING OF WEIGHT LIMITS ON CERTAIN ROADS WHEREAS, the City of Medina has adopted Section 430 et seq. of the Code of Ordinances which authorizes the posting of certain roads for weight restrictions. NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of Medina that the following roads shall be posted as specified below: Townline Road south of Highway 12. Motion was duly seconded by member Ve. Upon vote being taken the following voted in favor of the ii7CY f-r5o rJ J h e 5 Jac- �r ,l %� lL��h // �C �m . e- 0 The following voted against the motion. r) O /7 e Whereby motion was declared carried. motion: Dated: , 1987. T oma. Anderso , Mayor ATTEST: Donna Roehl, Clerk -Treasurer Extract of Minutes of Meeting of the City Council of the City of Medina County of Hennepin, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Medina, Minnesota, was duly held in the City Hall in said City, on Tuesday, September 1, 1987, commencing at 7:30 o'clock p.m. The following members were present: Mayor Thomas Anderson and Council Members Robert Mitchell, Wilfred Scherer, Stephen Schmit and Anne E. Theis and the following were absent: *** None The Mayor announced that the next order of business was consideration of the bids which had been received for the purchase of the City's $400,000 General Obligation Improvement Bonds of 1987, as advertised for sale. The City Clerk -Treasurer presented affidavits showing publication of notice of sale in the City's official newspaper and in Commercial West, a financial paper published in Minneapolis, Minnesota, which affidavits were examined, found satisfactory and ordered placed on file. The City Clerk -Treasurer presented a tabulation of the bids which had been received in the manner specified in the Official Notice of Sale of the Bonds. The bids were as follows: I BID TABULATION $400,000 General Obligation Improvement Bonds of 1987 City of Medina, Minnesota SALE: Tuesday, September 1, 1987 AWARD: NORWEST INVESTMENT SERVICES, INC. RATING: Moody's "A" BBI: 7.80% COUPON NET INTEREST COST NAME OF BIDDER RATE YEAR & RATE PRICE NORWEST INVESTMENT SERVICES, INC. Minneapolis, Minnesota MILLER & SCHROEDER FINANCIAL, INC. Minneapolis, Minnesota MOORE, JURAN & COMPANY, INC. Minneapolis, Minnesota 4.75% 1989 5.00 % 1990 5.25% 1991 5.50% 1992 5.70% 1993 5.90 % 1994 6.10% 1995 6.25% 1996 6.40% 1997 4.85% 1989 5.10% 1990 5.30% 1991 5.50% 1992 5.70% 1993 5.90% 1994 6.10% 1995 6.25% 1996 6.40% 1997 5.00% 1989 5.20% 1990 5.40% 1991 5.60% 1992 5.80% 1993 6.00% 1994 6.10% 1995 6.25% 1996 6.40% 1997 $159,498.75 $396,000.00 6.1821% $161,243.75 $394,400.00 6.2497 % $161,608.75 $395,000.00 6.2639 % Ehlers and Associates, Inc. LEADERS IN PUBLIC FINANCE 507 Marquette Avenue Minneapolis, MN 55402 (612) 339-8291 $400,000 General Obligation Improvement Bonds of 1987 City of Medina, Minnesota Tuesday, September 1, 1987 Page 2 COUPON NET INTEREST COST NAME OF BIDDER RATE YEAR & RATE PRICE JURAN & MOODY, INC. St. Paul, Minnesota American National Bank & Trust Company 5.00% 1989 5.15% 1990 5.35% 1991 5.50% 1992 5.75% 1993 5.90 % 1994 6.10% 1995 6.30% 1996 6.50% 1997 FBS CAPITAL MARKETS GROUP MINNEAPOLIS 5.00% 1989 Minneapolis, Minnesota 5.20% 1990 5.40% 1991 5.60 % 1992 5.75% 1993 6.00% 1994 6.15% 1995 6.30% 1996 6.50% 1997 DAIN BOSWORTH, INC. Minneapolis, Minnesota PIPER, JAFFRAY & HOPWOOD INC. Minneapolis, Minnesota Allison -Williams Company 4.80% 1989 5.10% 1990 5.30% 1991 5.50% 1992 5.75% 1993 6.00% 1994 6.20% 1995 6.40 % 1996 6.50% 1997 5.00% 1989 5.20% 1990 5.40% 1991 5.60% 1992 5.80% 1993 6.00% 1994 6.20% 1995 6.40 % 1996 6.50% 1997 $161,837.50 $395,000.00 6.2728% $162,432.50 $395,20 I 6.2958% $164,303.75 $393,680.00 6.3683% $164,315.00 $394,200.00 6.3687 % 10,000 General Obligation Improvement Bonds of 1987 y of Medina, Minnesota :sday, September 1, 1987 Page 3 COUPON NET INTEREST COST NAME OF BIDDER RATE YEAR & RATE PRICE CRONIN & COMPANY, INC. Minneapolis, Minnesota 4.80 % 1989 5.10% 1990 5.30% 1991 5.50% 1992 5.75% 1993 5.90% 1994 6.10% 1995 6.30% 1996 6.50% 1997 $164,453.75 $392,240.00 6.3741 %