07/13/1971 - City Council SpecialMINUTES OF SPECIAL MEETING OED BOARD OF SUPERVISORS
TOWN OF EAGAN, DAKOTA COUNTY, MINNESOTA
July 13, 1971
A special meeting of the Board of Supervisors, Eagan Township,
Dakota County, Minnesota was held on July 13, 1971 at 7:00 P.M. at the Town
Hall, at which all members were present.
Chairman Klein presided. The reading of the minutes of the previous
meeting with the Board of Supervisors was unanimously waived. Chairman Klein
stated the purpose of the meeting to be the receiving of bide on the $1,325,000
bond`issue for the acquisition of the Cedar Grove Utilities Company sewer and
water systems.
Mr. James Olson from Juran and Moody, St. Paul, the fiscal consultant,
appeared before Che Board and opened the tcao bids which had been received. The
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first bid, it was noted, was from John -L~vi-ne & Co. for $1,300,000 at a net
average interest rate of 6.3227%, The second bid received was from Dain,
Kalman & Quail, et al. in the sum of $1,301,150 at a net average interest rate
of 6.3564. The two bids were discussed by Mr. Olson, who explained the various
maturity dates and coupons and ca~.culated the net annual average interest rate
on the two bids. Upon merlon duly made by Supervisor Uselmann and seconded by
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Supervisor Rahn, it was RESOLVED that the bid of John ~~evi~e & Co. in the prin-
cipal amount of $1,300,000 at a net average annual interest rate of 6.3227% be,
and the same hereby is, duly approved and accepted.
The following additional business was also conducted following the
acceptarace of the bond bid. The Town Engineer submitted the Engineer's report
on Public Improvement Projects 77, 81 and 83. Upon motion duly made by Super-
visor Uselmann and s.econdsd by Supervisor Rahn, aye Klein, it was RESO~.VED that
the reports as submitted by the Town Engineer be, and they hereby are, duly
approved and accepted; further that hearing9 on the preliminary reports be
scheduled for August 3, 1971 at the Town Hall at o:00 P.M.
The Town Engineer requested that_the Board set a special meeting
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regarding the improvement of Highway No.~k~3 to discuss with local large busi-
nesses the nature of the improvement and timing. ~y motion duly made and
seconded, itwas RESOLVED that a special meeting be noticed for Thursday, July 22,
1971 at 3:30 P.ri. at the Town Hall and that Univac, Daytons, Rauenhorst, Blue
Cross, Mr. Merritt of the State Highway Department and the County Engineer's
office be notified of the meeting.
The Town Attorney discussed the proposed purchase agreement submitted
by Jean Parranto regarding the purchase of Cedar Grove Construction Company's
Outlots D, E and part of Lot A. The Board instructed the Town Attorney to
further discuss with Mr. Voss of Urban Planning and Design the possibilities
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of funding the purchase with a portion of the`I~ funds to be obtained through
the park bond issue and to report back to the Board before completing negotia-
tions for the purchase.
Upon motion duly made by Supervisor Uselmann and seconded by Chairman
Klein, it was RESOLVED to set the assessment hearing for Tuesday, August 31,
1971 at 7:30 P.i~i. ~~ the Town Hall, with respect to the assessments for the
retirement of ~~e bonds issued for the purchase of the Cedar Grove utility
systems.
TheYe being no further business, upon motion duly made and seconded,
the ~iee't~l.~g was adjourned.
Rated: July i3, 1971
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