12-16-1971 VCM Special
A Special Meeting of the Elk River Village COQ~cil was called to order by ~1ayor Bartelt
on Dec. 16, 1971 at 7:30 pm in the Council Room of the Village Office Building.
Members were present as follows: Mayor Bartelt, Councilmen Hudson and Otto.
Robert }'fj.lne, Village Financial Advisor for the Bond Sale in attendance.
Purpose of the meeting for the opening and possible awarding of sale of the $79,000.00
Improvement Bonds of 1971.
Proposals and their average net inter~st rate and costs were received from the following:
Concerns:
Allison-Williams Co.
Piper, Jaffray & Hopwood, Inc
Dain, KaL~n & Quail, Inc.
4.2802% per annum Total net interest Cost $18,448.00
4.4l25;g per annu,'ll Total net interest Cost $19,018.02
4.49129% II II n II II II $19,357.50
Moved by Councilman Hudson and seconded by Councilman otto, to award the Sale of the
$79,000.00 Improvement Bonds of 1971 to the Allison-Williams Co. Motion unaminosly ~
carried. A copy of the resolution is attached.
No further business, the meeting adjourned. ~ //
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