HomeMy WebLinkAbout04-17-1961z4Record of Official Proceedings of the Common Council
of the City of Rochester, Minn., April 17, 1961
D S WA L D-P U,S L I S, H.I.N, G.0 D...N,E W-U, LM,-M, I.N.N.-A 3 5 28 _
Minutes of an adjourned regular meeting of the Common Council of the City of
Rochester, Minnesota, held in.the Council
Chambers in the City Hall, in said City, on April 17,
1961. •
President Tingley,,called the
meeting to Qrder at 7:30 o'clock P. M., the following
members being present: President Tingley,
Aldermen DeVries, Leonard, Morris, Stadler, Wilkus,
Wilson. -.
Upon motion by Wilson, second
by Morris, the 1pinutes of the meetings of April loth,
and April 12th, 1961 were approbed.
The City Clerk presented affidavits
showing publication of notice of sale of the
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$1,175,000 General Obligation Bonds, Series
C, And the $600,000 Improvement Bonds, Series E,
both to -be dated as of April 1, 1961, in
accordance -with the resolution providing for puch sale
at this time and place, adopted March 6,
1961. Said affidavits were examined and=found satis-
factory and directed to be placed on file
in the office of the Clerk.
The Clerk then reported that
fifteen (15? 'sealed bids for the purchase of said bonds
had been received at her office prior to
the time of this meeting, which bids were hereupon
opened and publicly read and considered,
and the•highest and best bid of each bidder was found
to
Basic Net
to be as follows:
Annual Net- Interest
Maturity
Interest Additional Interest Interest Average
Name of Bidding Account Years
Rate Period Rate Premium Cost Cost %
1. Commerce Trust Company 1962-66
2.50% 8-1-61 2 of 177.50 3.08963
'1967
2.60 to 600,000 409,414.75
1968
2.70 6-1-62 17. of
1969-71
2.7%81/7. 1,175,000
1972-77
3.75
2. Phelps, Fenn & Co. 1962-67
2.5 2% None 3.12968
Harold E. Wood & Co. 1968-70
2075 414,721.88
1971-73
3.10
1974-77
3.25
3. The Northern Trust Co. 1962-72
37. None. 702.00 3.14548
1973-77
3.30 416,815.50
4. White Weld & Company 1962-66
1967-69
2.50% 7-1-61 1'0 700.00 3.15021
2.75 to 417,442.50
1970-72
3: 1-1-62
1973-75
3.75
1976-77
3.40 -
5. Kidder Peabody & Co. 1962-63
4.50% None 337.25 3.16348
1964-72
3. 419,200.87
1973
3.20%
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1974-77
3.2k
6. Drexel & Company 1962-63
60% 1,547.80 3.165383
1964
3.50 419,452.83
1965-66
2.50
1967-69
2.80
1970-72
3.
1973-74
3.25
1975-77
3.30
7. Harris Trust & Savings 1962-71
3% None 709.75 3.17276
Bank 1972-75
3.25 420,439.00
1976-77 -
3.40
8. Smith, Barney & Company 1962
37. 1-1-62 1.60% :.1140iie 3.1737
1963-67
2.5% 1-1e76 2% 420,556.75
1968-72
37.
1973-77
3.25% Y
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Record of Official Proceedings. of the 'Common Council ,
of the City of Rochester, Minn., April 17, 1961
M, MINN. X3528
9.
Glore Borgan & Company
1962-66
2.5%
6-1-61
1.50%
.267.50
3.1760
1967-69
2.7
to
420,870.00
1970-72
3% -
1-1-62.
197 3-75
3.307.
1976-77
3.40%
10.
Continental Illinois
1962-71
37.
929.21
3.17678
National Bank
1972
3.10%
420,963.29
1973
3.20%
1974
3.30%
i
1975-77
3.407.
11.
Harriman Ripley &
1962-71
Y%
None
568.00
3.1788
Company, Inc.
197.2-74.
3.25%
421,233.87
1975
3.30%
1976-77
3.40%
12.
Morgan Guarantee
1962-63
4%
None
483.00
3.18708
Trust Company
1964
3.757.
421,233.87
1965-66
2.57.
1967-68
2.75%
13.
Bankers Trust Company
-1962 .,
37.
6-1-61
90
2,715.75
3.20969.
1963-66
2.5%
7-1-62
425,324.25
1967-68
2.80%
,
1969
2.90%
1970-71
3a
V
1972-75
3.30%
1976-77
3.40%
14.
Fir -at National Bank of
1962-63
3.5%
None
301.00
3.22011;
Chicago
1964-70
37.
-
426,705.88,
1971-7 3
3. 25%
1974-75
3.30%
1976-77
3.40%
15.
Halsey, Stuart &
1962-72
37.
7 -1-61
11%
1,376.00
3.2252
Company, Inc.
1973-74
3.20%
1-1-62
427,384.00
1975-77
3.40%
A motion was then made by Morris, second by Wilson, that the above bids be referred to the
Finance, Ways & Means Committee for tabulation and when the tabulations are completed, the checks
returned to the unsuccessful bidders. All voted in favor thereof.
President Tingley stated this as being the time and place set for receiving and opening)
bids for reconstruction and widening of paving, construction of a sidewalk and curb and gutter on
llth Avenue Southeast and Northeast from 4th Street Southeast to 5th Street Northeast. The bids
of Palda & Sons Inc. in the amount of $137,164.36; C. H. Gould Company in the amount of
$142,735.58 and Doyle Conner Company in the amount of $143,884.81 were each received and opened
and upon motion by Morris, second by Wilson, the bids were referred to the Public Works Committee
and the City Engineer for tabulation and recommendation. All voted in favor thereof.
President Tingley stated this as being the time, and place set for receiving and opening
bids for street grading -and surfacing in Cascade Center Plat.. The bids of Rochester Sand & Gravel
Company in the amount of $8,944.75 and Leon Joyce in the amount of $9,119.45 were each received
and opened and upon motion by Wilkus, second by DeVries,•the bids were referred to the Public
Works Committee and the City Engineer for tabulation and recommendation. All voted in favor thereof
�Vresident Tingley stated this as being the time --and place set for hearings on the
following:
Hearing on,the proposed change of zoning, from a residential to a commercial zone of
the property at 300 Third Avenue Southeast and Lots 8, 9 and 12, Block 48., Morse & Sargeant's
Addition. The recommendation of the City Planning and Zoning Commission that this zone change be
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granted was read.. There was no one present wishing to be heard. President Tingley declared the
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Record of Official Proceedings of the Common•Council
of the City of Rochester, Minn., April 17, 1961
L19,M IN,GmCC
hearing officially closed. A motion was then made by Wilson, -second by Wilkus, and all voting
in favor thereof, that the recommendation of the Planning and Zoning Commission be approved and
the City Attorney was instructed to prepare an ordinance making the requested zone change.
Hearing on•the proposed change of zoning of the property located at the Northeast
corner of the intersection of 14th Street and 1st Avenue Northeast from a residential to a
commercial zone. Mr. Harold Krieger, Attorney representing the petitioners, was present and urged
that the Council grant the petition; he stated that this property was adjacent to commercial
property and there were already 15 business on the east side 9f lst Avenue and felt this was just
a natural place for additional commercial; he also stated that .this property was all weeds and -
not taken care of and thought it would be better to nave it commercial than in the shape it is
now. Mr. Bud Winkler of Bud's Sporting Goo4s.and Mr. Ralph Danielson a barber on 1st Avenue .
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were also present and stated that they were not opposed to such a zone change: Mr. David Fanning
of 119 - 14th Street N.. E. was present; he said his home is directly west of the property and he
was very much opposted to the zone change . He cited that he --felt if this zone change were
approved the owners would have the right to build any commercial building without any restrictions;
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placing commercial property here would increase the parking and traffic problems; as it is now
there are many beautiful homes on 14th Street and it'is a very desirable living area. Mr. Oscar
Ronken, Attorney representing those opposed --to the zoning change, was then heard._ He showed a map
giving the zoning in this area, he said there were many lots on Broadway that were already
commercial and not being used and he could not see why a residential area should be changed. There
were 14 residents living in this area present and opposted the zone change. Alderman Morris
stated that his had been turned, down twice previously and it was again recommended by the Planning
and Zoning Commission that it be denied and he felt they should go along with the recommendation
of the Commission. .Mr. Ray Niles stated that he felt this property could be lowered to street
level and could be made into two or three very desirable residential lots. A petition with 26
signatures protesting the zone change was read. The recommendation of the City Planning and
Zoning Commission recommending that this petition be denied was again read. A motion was then
made by Morris, second by Stadler, that the hearing be terminated and the recommendation of the
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City Planning and Zoning Commission that the zone change bedeniedbe approved. Upon roll call
and all voting in favor thereof, President. Tingley declared the motion carried and the petition
for zone change was denied.
Hearing•on the proposed change of zoning of the Clarence Johnson property west of llth
Avenue Northwest (described as follows) from a residential to an industrial zone:
That part of the East � of Section 34 T107N, Range 14 West, described as follows:
Beginning at a plint on the east line of Section 34 which is 413.5 feet south of
the south line of the right-of-way of the Chicago and Great Western Railway, and
running thence west on a line at right angles to said east line of Section 34 a
distance of 220.0 feet, thence north on aline parallel with the east line of said
Section 34 a distance of 100.0 feet, thence west on a line which runs at right
angles to the said east line of Section 34 for a distance of 202.61 feet, thence
south on a line parallel with the said east line of Section 34 to a point which is
20 rods south of it a distance'of 422..E feet to a point on the.east line of
Section 34, thence north along the east line of Section 34 a distance of 247.6 feet
to the place of beginning; less the land used for the right-of-way of llth Avenue
Northwest and the land used for 5th Street N.W.
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Record of Official Proceedings of the Common Council 247
of the City of. Rochester, Minn., - Apri-117., 19 61
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The recommendation of the City Planning and -Zoning Commission that this 'zone change be granted
was read. There was.no one present wishing to be heard. A motion was then made by DeVries,
second by Leonard, that the hearing be officially closed, the recommendation of the City Planning
and Zoning Commission be approved and the City Attorney was instructed to prepare an ordinance
making the requested zone change. All voted_in favor thereof.
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Hearing on the granting of a variance to Special School District No. 4 in the building
height of the -proposed school building (Northeast Junior High). There was no one -present
wishing to be heard. The recommendation of -the City.Planning and Zonin& Commission recommending
that;because this is a public school building and has side yeards of not less than.110,feet and
is situated close to the base of a_hill to the north, and will not deprive anyone of light, air
or open space, that this variance in the height regulations be approved, was read. A motion was
then made by Stadler, second by Morris, that the recommendation of the City Planning and Zoning
Commission be approved and the City Attorney be instructed to prepare a resolution granting the
said variance. All voted in favor -thereof. -
The application of Francis G. Sehl requesting final approval of .the subdivision plat
of the replat of part of Lot #3 Shadowbrook-Hills and Lot #1, Block #2, of Northern Heights
Subdivision was read and.the final plat was presented. Upon motion by Morris, second by Stadler,
and all voting in favor thereof, the application and plat were referred to the City Planning and
Zoning Commission.
A letter signed by Mrs. Ruth Tauer wihhdrawing the application made under Section 7,
Paragraph E of Ordinance No. 558, dated March 16, 1961, which application referred to 623 East
Center Street was read. A new petition signed by Mrs. Ruth Tauer petitioning the Common Council
to grant a variance under the provisions of Section 10 of the zoning ordinance to permit other
uses of the above described land than the use as a grocery store under the non -conforming pro-
visions of the zoning ordinance; and requesting that the variance authorized be for any retail
business.use or that the variance.be authorized for those businesses authorized under District
B-1A of the proposed new zoning ordinance was read. Upon motion by DeVries, second by Stadler,
and.all voting in favor thereof, the petition was referred to the City Planning andZoning
Commission.
The City Engineer's preliminary estimate in the amount of $139,634.75 for the reconstr-
uction and widening of paving, sidewalk, curb and gutter on llth Avenue Southeast and Northeast
from 4th Street Southeast to 5th Street Northeast was read and President Tingley ordered the same
placed on file.
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A letter from the Mayor's Parking and Traffic Committee reaffirming their previous
recommendation that the plans be approved for the improvement of Trunk Highway. 52'from 2nd Street
N. W. to the vicinity of Ilth Street S. W* was read and upon motion by DeVries, second by Leonard,
the same was ordered placed on file.
All voted in favor thereof.
The four following resolution adopted by the Public Utility Board were each read and
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248 Record of Official Proceedings of the Common Council
of .the City of Rochester, Minn., April 17, 1961 •
0$WALD_P_II,8LI B,HI, N, G_D, D.,- N EW_U LM,_M,I N N._A9,5,28 _
Upon motion by DeVries, second by Leonard, and.all voting in favor thereof, the same were
approved:
"Be it'and it is hereby resolved by the Public Utility Board of the City
of Rochester, Minnesota thati the Common;Council of the said City be and is
hereby requested to authorize the Mayor and City Clerk to execute a
'CONTRACT AMENDMENT91 to the Westinghouse Electric Corporation contract for
15 KV Metal Inclosed Switchgear - contract price $51,500.00 and the said
amendment consisting of ,the fo llowing additions-
$1,440.00 for adapters to connect bus to generator terminals.
,6,360.00 for 63 feet of bus at $120.00 per foot
making a total addition to the contract price in the,amount of $7,800.00."
"Be it and it is hereby resolved by the Public Utility Board of the City
of Rochester, Minnesota that the Common Council of the said City be and is
hereby requested to authorize the said Board to enter into a contract with
CLEMENTS CHEVROLET COMPANY for.the furnishing, in accordance with specifications,
of ONE (1) Two Ton Truck ata price of $3,408.32 less an allowance of $1,100.00
for a 1951 Chevrolet Truck; the net amount of .the said contract to be TWO
THOUSAND THREE HUNDRED EIGHT DOLLARS AND THIRTY TWO CENTS ($2,308.32) and the
said Clements,Chevrolet Company being the lowest responsible.bidder."
"Be it and it is hereby resolved.by the.Pub�ic Utility Board of the City
of Rochester, Minnesota that the Common Council of the said City be and is
hereby requested .to authorize. the said Board -to enter into a contract with
CHAS. OLSON AND SONS, INC. for the furnishing, in accordance with specifi-
cations on file, of
ONE (1) POWERS-AMERICAN-SKY-MASTER MODEL ABS-1-37 AERIAL
LIFT AND PLATFORM BODY,
the total amount of the ksaid contract to beTWELVE THOUSAND ONE HUNDRED
FIFTEEN DOLLARS AND SEVENTY CENTS ($12,115.70)."
"Be it and it is hereby resolved by the,Public Utility Board of the City
of Rochester, Minnesota, that the Common Council of the said City be and is
hereby requested to authorize the.said Board to sell Po Learcohg, Inc. of
623 Sixth Avenue N. W. Rochester, Minnesota, doing business as Rochester
Veterinary Clinic
A parcel of land designated as Auditor's Plat B Lot 96 and
further described as Commencing for a place of beginning at
` the Southwest corner of the intersection of Seventh Street
and Sixth Avenue Northwest running thence sough along the
west line of said Sixth Avenue Northwest for a distance .of
fifty (50) feet, running,thence west parallel with the north
line of Sixth Street Northwest, if extended for a distance of
fifty (50) feet, running thence north parallel with the west
line of Sixth Avenue Northwest to the South line of Seventh
Street Northwest, running thence easterly along the south line
of Seventh Street Northwest to the place of beginning, being
in the City of Rochester, Minnesota, consideration $3,600.00."
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A letter from John Bakke, Personnel Director, requesting that the Common Council grant
an extension on the•present leave of absence•of-Dana Lund to run from April 1st to July 27th,--
1961 was read and upon motion by DeVries, second by Morris, and,all voting in favor thereof,
the extension of -the leave of absence was granted. -
A letter from John Bakke, Personnel Director, requesting that the Common Council grant
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a leave of absence without pay to run from May % 1961 through August 5, 1961, because of personal
illness to Maxine Duell of the Municipal Court was read and upon motion by Stadler, second by
Morris, and all voting in favor thereof, the leave of absence was granted.
A letter from John Bakke, Personnel Director, requesting permission to attend the 1961
Central Regional Conference of the Public Personnel Association to be held in Rockford, Illinois
May 21st through 24th, 1961 at city expense was read and,upon motion by Morris, second by ,
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DeVries, and all voting in favor thereof, his request was granted and he was authorized to attend
at city expense.
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Record of Official Proceedings of . the Common Council 4 9. ,
of the. City of Rochester, Minn., April 17 ; _ 19 61
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A letter from Ralph E,llingwood making application for commissioning to assemble data,
write, make up and publish the fifth annual Report to the People of the City of Rochester, was
read. A motion was made by Stadler, second by Leonard, that the President of the Common Council
appoint a committee to review this request. All voted in favor thereof.
The recommendation of the Public Safety Committee stating that they had reviewed the
request of the Junior Chamber of Commerce for permission to have a parade on June 23, 1961 at
3:00 P. M. to promote the First Annual All -American Soap Box Debby and also their request to
hold the Derby Race -on 4th St. S.W. on June 25,. 1961 and to have that area blocked off from
public use from 7:00 a.m. to 5:00 p.m. and the Committee recommends that both requests be
granted and that the Rochester Junior Chamber of Commerce work out the details with the Police
Department was read., A ;notion was made by Morris, second by Stadler, and all voted in favor
thereof, that the recommendation be approved.
The recommendation of the Public Safety Committee that the claim in the amount of
$512.86 submitted by Larry McCaletb for certain labor and materials furnished in connection
w#th the construction of a Civil Defense Shelter on the premises of 4 - llth Avenue S. W. in
Rochester, Minnesota, be denied for the following reasons, was read:
(1) The City did not contract for the construction of this shelter or
agree to pay the cost thereof in whole or in part.
(2) The Common Council was informally advised before the construction
of this shelter vias commenced that it would be without cost to the
City.
(3) There is no legal authority for the City to pay for this type of
construction on private premises.
A motion was then made by Morris, second by DeVries, that the above Jecommendation be approved
and all voting in favor thereof, President Tingley declared the recommendation approved and the
claim denied.
The recommendation of the Public Safety Committee that no stop sign be placed at 5th
Street and Sth Avenue Southwest at.this time and that the location be reconsidered for traffic
regulation if the warrants change was read and upon motion by Wilkus, second by Morris, and all
voting in favor thereof, the recommendation was approved.
The recommendation of tho Public.Safety Committee stating that they had reconsidered
the petition of certain property owners residing on 9� Street S. E. between 3rd and 1st Avenue
for restoration of parking on one side of 9k Street S. E. and the committee recommends that the
existing parking restrictions be maintained unless 9� Street S. E. at this location is widened;
and suggested that the petitioners -consider initiation of a street widening project, was read.
A motion was made by Wilkus, second by Wilson, that the recommendation be approved. All voted
in favor thereof, except President Tingley who voted "no".
The following recommendation of the Public Safety Committee was read and,upon motion
by Wilkus, second by Stadler, and all voting in favor thereof, the recommendation was approved
and the City, Attorney was instructed to prepare the necessary resolution:
"By previous resolutions of the Common Council, certain curb apace on the
south side of 2nd Street S. W., between the main entrance to St. Mary's
Hospital and the West property line of St..Mary's Hospital, has been
250 Record of Official Proceedings of the Common Council
- of the City of Rochester, Minn., April 17, 1961 •
09,WALG_P_U,9L1,9,H,.I,N.G_C G._N EW_U,L M._M,I, N,N..A9,528
assigned for use to'Chaplains visiting patients at St..Mary'-s Hopsital and to
the taxi cab companies for use as a taxicab stand. The Chaplains have been
assigned the space near the main entrance and the taxicab companies have been
assigned the space at the West property line.
The Committee believes that the public will"be benefited if the existing
parking assignments are switched so that the chaplains would use the space
assigned to the taxicab companies and vice versa.-- All parties involved in
the present usage are in agreement.
The Committee recommends that these changes be made and that the City Attorney
be instructed to draw the necessary resolutions to make these changes
effective.
The recommendation of the Public Safety Committee stating that they had considered the
petition of 10 residents living on 15k Avenue N., W. between•14th Street and 16th Street relative
to parking by John Marshall High School students and faculty on 15k Avenue; the petitioners •
state that such parking could cause their street to be defaced and could imperil the safety of
their children; they requested that parking be prohibited on 15k St. N. W. between the hours of.
8:00 a.m. and 4:00 p.m. on school days and the Committee has directed the Chief of Police to
contact the proper school authorities and apprise them of -this complaint and request their
cooperation and if this approach does not resolve the problem, the Committee will reconsider
the petitioners request -for a parking ban, was read. Upon motion by Wilson, second by Wilkus,
and all voting in favor thereof, the recommendation was approved.
The recommendation of the Public Safety Committee stating that King Leo's Drive Inn
located at 516 North Broadway has `created traffic problems and has increased the accident
experience at this location and the said Committee believes that this situation can be improved
by the elimination of existing parking use in this area and recommends that parking be prohibited
at all times on the east side of North Broadway from 5th Street to the north property line of the
premises known as 516 North Broadway, was read. Upon motion by,Wilkus, second by Wilson,;and all
voting in favor thereof, the recommendation was approved and the City Attorney was instructed to
prepare the necessary resolutgon.
The recommendation of the Public Safety Committee stating that the Park-O-Meter Company
is conducting a parking meter school at the Hotel Francis Drake in Minneapolis on April 19, 20
and 219 1961 and recommending that Joseph Healy, Parking Meter Serviceman be authorized to attend
this school at city expense was read. Upon motion by Wilkus, second by Wilson, and all voting
in favor thereof, the recommendation was.approved and Mr. Healey was authorized to attend at •
city expense.
The recommendation of the Public Safety Committee stating that they had considered the
application of George Edward.Rucker for licenses.to-sell non -intoxicating malt beverages, "on"
and "off" sale at 921 5th Street N. W. and the Committee recommends ;that this application be
approved wasread. Upon motion by Wilkus, second by Wilson,.the recommendation was approved and
the licenses were granted. All voted in favor thereof.
The feasibility report of the City Engineer stating that,a petition requesting the
construction of„a sidewalk on 16th Avenue N. W.,from 17th Ave. N. W. to 15th Ave. N. W. in Elton
Hills 2nd Subdivision had been examined, checked and found to be in proper form and to be signed
by 6 of the 33 owners of record, representing 187. of property affected, that the project is
• Record of Official Proceedings of the Common Council
of the City of Rochester, .Minn.,_ April 17., 1961
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feasible for construction-but'is`requested only by 6 of the 33"property owners and that the
estimated cost is $6,000.00 was read together with the recommendation of the Public Works ,
Committee that the project 'not be ordered at this time because of the'low percentage of owners
signing the petition. Upon motion by Wilkus, second by Wilton, and all voting in favor -thereof,
the recommendation was approVed.c
The following recommendation of the Public Works Committee was read:
'Honorable Mayor & Common Council' -
City of Rochester, Minnesota
Re: Proposed Plat of
Bumpus Addition
Gentlemen:
A preliminary layout of a proposed plat to be called Bumpus Addition was
submitted to this committee by E.A. Rundell, Jr. at our meeting on April 13,
1961.
Although 'all of this property is not now within the Corporate limits of
the City, he is requesting the Council's advance approval of the proposed
lot and street arrangements so that he can be -reasonably safe to procedd
with the cost necessary for the acquisition of the part that he does not
own now.
We feel that the plat, as it is proposed, can be accepted if and when
the property is annexed, 'comes within theCity's jurisdiction, and all the
requirements for plats are complied with except minimum street widths.
On this plat, because of particular unavailability of land acros's Lot 39
in Belmont Addition, the 40 foot street width across this lot and the 50
foot street width in the rest of the plat is acceptable to this Committee.
Respectfully,
/s Frank Wilkus, Chairman
/s Harold DeVries
/s James R. Wilson
President Tingley stated that he was definitely opposed to 40 foot streets but in a case like
this he would go along with it. Mr. Tom Moore stated that the Planning and Zoning Commission had
also studied this and whereas they were opposed to 40 foot streets instead of the required 66 foot,
they had given a gentleman's agreement that they would approve this. A motion was then made by
Wilson, second by Wilkus, that this recommendation be accepted according to the provisions of the
"ifs". All voted in favor thereof.
The recommendation of the Public Works Committee that the Council initiate a local
improvement project without petition for sanitarysewer across T. H. 52-14 to serve Lots 2, 3 and
4, Block 4 and Lot 5, Block 3, Folwell Heights Addition and adjacent areas was read. Upon motion
.by Wilkus, second by Wilson, and all voting in favor thereof, the recommendation was approved.
The City Engineer's feasibility report stating that a resolution proposing construction,,
of sanitary sewer across T. H. 52-14 to serve Lots 2, 3 and 4, Block 4 and Lot 5, Block 3, Folwell
Heights Addition and adjacent areas had been checked and they found the improvement is feasible
and recommends its construction prior to the proposed reconstruction of T. H. 52-14 and the
estimated costs are $5,000.00 was read. The recommendation of the Public Works Committee stating
that they had considered the above project and recommends the total cost to be assessed agafmst
the benefited properties served, the cost attributed to Lots 2, 3, and 4, Block 4 and Lots 5,
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Block 3, Folwell Heights Addition shall be immediately assessed and the balance of the cost shall
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e carried as a deferred assessment against the adjacent areas served was also read. Upon motion
by Wilson, second by Wilkus, and all voting in favor thereof, the recommendation was approved.
The City Engineer's feasibility report stating that a resolution proposing extension of
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252
Record of Official Proceedings of the Common Council •
of. the City of Rochester; Minn., April 17, 1961
water main from 14th Avenue S. W. across the right-of-way of T. H. 52-14 to serve North Sunny
Slopes and other areas had been checked and they report that 'the improvement is feasible and
recommend its construction prior to the proposed reconstruction of T. H. 52-14 in this vicinity,
the exact location of the crossing is dependant upon the probability of the re -platting of North
Sunny Slopes by 'its owners and giving the estimated cost as $5,500.00 was read. The recommend-
ation of the Public Works Committee of the Public Works Committee stating that they had consider-
ed the above project and recommend the total costs assessed against the benefited property in
proportion to their areas, the cost attributed t6 the land in North Sunny Slopes be currently
paid by the owners petitioning for this project and'the balance of the costsIbe carried as deferred
assessments against the other benefited -properties, was read. Upon motion by Wilson, second by
Wilkus, and all voting in favor thereof, the recommendation was approved.
The feasibility report of the City Engineer stating that a petition requesting curb and
gutter on'13th Avenue Northeast north of 14th Street to 15th Street Northeast had been examined
and found to be in proper form with 11 0k' 19 owners signing,` representing 58% of frontage of
property represented, the Engineer reported that the improvement is feasible and recommend its
construction, the estimated cost is $4800.00 was read. Also,the `recommendation of the Public
Works Committee recommending the construction of the above project with the cost to be assessed
againt the abutting property served was read. Upon motion by Wilkus, second by Wilson, and all
voting in favor thereof, the recommendation was approved.
The feasibility report of the City Engineer stating that a petition requesting constr-
uction of a sidewalk on both sides of Cascade Street-N. W. from 13 th to 18th Avenue N. W. in
Elton Hills had been examined and found to be in proper form with 31 of 53 owners signing,
representing 57% of frontage of property represented, the Engineer reported that the improvement
is feasible and recomending its construction, the estimated cost if $8,150.00 was read, together
with the recommendation of the Public Works Committee recommending the construction of the
above project with the cost to be assessed against the abutting property served. Upon motion by
Wilkus, second by Wilson, and all voting in favor thereof, the recommendation was approved.
the feasibility report of the City Engineer stating that four petitions for curb and
gutter (curb and gutter on 36th Avenue N. W. from lst St. N.W. to 3rd St. N.W. in Country Club
Manor; curb and gutter on the west side of 36th Avenue N. W. from 5th to 6th St. N. W.; curb and
gutter'on both sides of 36th Avenue N. W. from 3rd Place to 4th Place N. W.; and curb and gutter
on both sides of 5th Place N. W. and 7th Place N..W. from 6th St. N. W. to 36th Avenue N..W. in
Country Club Manor) had each been checked and found to be in proper form and signed by more than
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60% of owners of property, and that the project is feasible and recommends its construction with
the four petitions combined into one project entitled "curb and gutter construction at 4 separate
locations in Country Club Manor on 36th Avenue and 7th Place N. W.", and giving the estimated
cost as $32,580.00 was read together with the recommendation of the Public Works Committee that
the above proejct be constructed as'a combined project with the costs to be assessed against the
abutting properties. Upon motion by Wilkus, second by Wilson, and all voting -in favor thereof,
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the recommendation was approved.
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Record of Official .Proceedings. of the Common Council
of the City of Rochester, Minn., April 17, 1961
25.3.
OSWALD PUBLISHING CD., NEW ULM, MINN. AS528
The applications of Walter Bloom, Milan R. Laudon, Carrel M..Sisco, George Fenske,
H. H. Bornfleth (2); Leonard Fenske, Harold Johnson, Orville Kirkham, Lester Lawrence (2),
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James R. Keller, Larry A. Lentz, Fred 0. Vagt, Harold Watson (2), Richard Watson, Stanley
Watson (2) and William Watson for Refuse Collector's License were each read and having been
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approved by the Board of Publid health &:Welfare a motion was made by Wilson, second by Morris,
that the licenses be granted. All voted in favor thereof.
The application for transfer of "Off Sale" Intoxicating Liquor License from Ralph
Graen to G. Raymond Thiss at 14 First Street Southwest was read and -upon motion by Morris,
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second by Stadler, the application was referred to the Public Safety Committee.
The application of Willis Bale for sixteen (16) permits to move houses over the streets
of the City was read and upon motion by Stadler, second by Wilkus, the permits were granted, the
said houses to be moved under the supervision of the Chief of Police and the Building Inspector.
The application of Richard Tointon for a Master Plumber's License was read and upon
motion by Morris, second by Stadler, the license was granted. -
The applications of George Edward Ruckerand Sanford Parker for a license to sell soft
drinks and the applications of Chamber of Commerce, George Edward Rucker, Richard S6hroeder(6)
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*or a license to sell cigarettes were each read and upon motion by Stadler, second by DeVries,
the licenses were granted.
The application of Carlisle G. Fraser, Inc. for a license to connect with sewers and
drains was read and upon motion by.Wilson, second by DeVries, the license was granted.
The applications for theatre license of Rochester Amusement Company (Chateau and Time
Theatres); Rock Amusement Company (Lawler Theatre); and North States Enterprises, Inc. (Outdoor
Theatre) were each read and upon'motion by Wilkus,.second by Morris, the licenses were granted.
The report of the Clerk Of Municipal Court for the week ending April 14, 1961 showing
total criminal fines and costs collected and civil fees received $1,971.50.and total remitted
to the City Treasurer $1,518.50 was read and having been approved by the City Attorney, President
Tingley ordered the same placed on file.
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The reports of the Inspector's Department for the month of March, 1961 showing fees.
collected for buildingpermits issued
P $285.00; fees collected for electrical permits issued ,
$140.50; fees collected for plumbing permits issued $74.2 5; fees collected for heating permits
issued $265.25; and fees collected for sign permits issued $1,780.06 were each read and President
Tingley ordered the same placed on file.
The contract bond of The American Oil Company in the amount of $12,348.00 with the
Seaboard Surety Company as surety was read and the same was referred to the Mayor for approval.
The license bonds of Ryan's Electric; Gopher Sanitary Service,.,Inc.; Richard Tointon and
Carlisle G. Fraser each in the amount of $1,000.00 with Western Surety Company
as surety were each
read and upon motion by Wilkus, second by Wilson, the bonds were approved, the surety thereon
accepted and the same were ordered placed on file.
A lengthy discussion was•then held on the sewer problem in Elton Hills.
Record of Official Proceedings of the Common Council
of the City of Rochester, Minn., April 17, 1961
C 9WALD.PU 6L19H IN G-C O..-NEW ULM.-M.I. N.N..A3528 -
Upon motion by Wilson, second by Wilkus, a recess was declared at 10:00 o'clock P. m.
President Tingley called 'the meeting to order again`at 10:30 o'clock P. M. p
` A motion was then made by Wilkus,` second by Wilson, that the discussion regarding the
sewer in Elton' Hills be stricken from rthe records. Upon roll call and all voting "aye"' the
motion was carried.
` A letter` signed by Haven H. Hodge, Realtor; Donald S. Gibbons of Gibbons Printing and
Louie George Nassif of Nassif Carpet Company requesting that the Council remove the "No'Parking"
designation on the north side of 7th Street N. W. between llth Avenue and 13th Avenue Northwest
was read. Upon motion by Wilkus, second by DeVries, and all voting in favor, the letter was
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referred to the Public Safety Committee.
The recommendation of•the Public Works Committee and City Engineer that the bid of .
Rochester Sand & Gravel Company for street grading and surfacing in Cascade Center Plat be
• accepted at the unit prices bid and checks be returned to the unsuccessful bidders was read and
upon motion by Wilkus, second.by DeVries, and all voting in favor thereof, the recommendation
was approved.
The Finance Ways and Means Committee then presented the following recommendation which .
was examined and 66nsi?dered:
"The Honorable Mayor
and Members of the Common Council
Rochester, Minnesota
Gentlemen:
We, the undersigned -members of -the Finance, Ways and Means Committee,
recommend that the bid of Phelps, Fein & Co. & Harold E. Wood & CO.
.hereby
for a total net -interest cost of $414,721.88 and the average net interest
rate at 3.12968% per annum.
Respectfully submitted, a
FINANCE, WAYS & MEANS COMMITTEE
/s Stanley M. Morris
` /s Harold DeVries
/s ,Frank J. Wilkus"
A motion was then made by Wilkus, second by Leonard, that the said recommendation be approved,
and all voting in favor thereof; President-Tingiey declared -the recommendation approved.
The following resolutions were each introduced and read and upon motion made and
seconded, and'all voting in favor thereof, President Tingley declared the said resolutions duly
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passed and adopted:
Resolution authorizing the Public Utility Board to -enter into contract with Clements
Chevrolet Company. Upon motion'by Stadler, second by DeVries, resolution adopted.
Resolution authorizing the Public Utility Board to -enter into anamended contract
with Westinghouse Electric Corporation. Upon motion-by-Wilkus, second by DeVries, resolution
adopted.
Resolution authorizing the Public Utility Board to sell certain lands located -in
Lot 96, Auditor's Plat B to Learcohn,'Inc. Upon motion by Wilkus, second by DeVries, resolution
adopted'. u
Resolution authorizing -the Public Utility Board to enter into contract with Chas. Olson
and Sons, Inc. Upon motion by Morris, second -by Leonard, resolution adopted.
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• Record .of -Official Proceedings of the .Common Council
of the .City of Rochester, Minn., April 17, 1961
25D,
OSWALD PUBLI9 KING CD., NEW UL:A r:11NN'A9526
Resolution referring proposed improvement for feasibility report and recommendation
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for construction of sanitary sewer,across T. H. 52-14 to serve Lots.2, 3 and 4, Block 4 and Lot 5,
Block 3, Folwell Heights Addition and adjacent areas to the City Engineer and Public Works
Committee. Upon motion by Wilson, second by Morris, resolution adopted.
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Resolution receiving preliminary report, ordering a public hearing and directing
preparation -of plans and speciaifications in respect to;the construction of a sanitary sewer
across T. H. 52-14 to servd Lots 2, 3 and 4, Block 4 and Lot 5, Block 3, Folwell Heights Addition
and adjacent areas. Upon motion by. Wilson, second by Morris, resolution adopted.
Resolution receiving preliminary.report, ordering a public hearing and directing
preparation of plans -and specifictions for extension of a watermain from 14th Avenue S. W. across
the right-of-way of T. H. 52-14-to serve. North Sunny Slopes and other areas. Upon motion by
Wilson, second by Morris, resolution adopted. <
Resolution determining adequacy of ;improvement petition, receiving preliminary
report, ordering a public hearing and directing preparation of plans and specifications for
construction of a curb and gutter at four (4) separate locations in Country Club Manor Addition.
Upon motion by Wilkus, second.by.Wilson, resolution adopted.
Resolution determining adequacy of improvement petition, receiving preliminary report,
ordering a public hearing and directing preparation of plans and specifications in respect to
construction of a sidewalk on both sides of Cascade Street Northwest from 13th to 18th Avenue
N. W. in.Elton Hills. Upom motion by Wilson, second by Morris; resolution adopted.
Resolution determining adequacy of improvement petition, receiving preliminary report,
ordering a public hearing and directing preparation of plans and specifications in respect to
construction of.a curb and gutter on 13th Avenue Northeast north of 14th Street to 15th Street
Northeast. Upon motion by Morris, second by Wilson, resolution adopted.
Resolution -appropriating $1,923.64 from the General Fund, $1,854.72 from the Sewer Fund,
$55.00-from the Police Protection Fund, $142.11 from the Street & Alley Fund and $132.08 from'the
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Lighting Fund and ordering payment made to Quality Printers & Stationers $270.90; City of
Rochester, P.U. $2,199.20 and Mobil Oil Company $1,640.90. Upon motion by Morris,'second by
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Wilson, resolution.adopted. ,
Resolution appropriating.$265.70 from the General Fund, $131.65 from the Fire Fund;
$21.25 from the Sewer Fund, $300.83 from the Police Fund and $268.65 from the Public Health &
Welfare,Fund,and ordering payment made to N. W. Bell Telephone Company. Upon motion by Wilson,
second by Morris, resolution adopted.
Resolution appropriating $199.302.50 from -the P.I.R. Fund and $2,800.00'from the Bridge
,Fund and ordering payment made to Agneberg=Sankstone=Forsberg $2,800.00 and Sinking Fund of the
City, $199,302.50. Upon motion by Wilson,' -second by Morris, resolution adopted.
Resolution appropriating $757.33
from the P.I.R. Fund and $276.91 from the 11.1t.& W. Fund
and $755.72 from the Fire Fund and•ordering payment made to Hathaway Tree Service $757.33; City of
Rochester, General Fund $276.9.1 and General Electric Co. $7.55.79. Upon motion by Morris, second by
Leonard, resolution adopted. '
256 Record of Official Proceedings of the Common Council
of the City of Rochester, Minn., . April .17, 1961
Resolution appropriating $574.64 from the Sewer Fund and ordering payment made to
Peoples Natural Gas Co..$352.04 and Eimco Corporation $222.60. Upon motion by Wilson, second by
Morris, resolution adopted.
Resolution appropriating $2,552.01 from the General<Fund and ordering payment made to
Rochester Post Bulletin $882.51, Internationals Business Machines, Inc. $419.50 and Rochester Art
Center $1,250.00. Upon motion by Morris, second by Wilson, resolution adopted.
Resolution appropriating $5,357.16 from the General Fund and ordering -payment made to
Automatic Voting Machine Corporation. Upon motion by,Stadler,.second by Morris, resolution
adopted.
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Resolution accepting the bid of Rochester &and & Gravel Company for street grading and
surfacing in Cascade ,Center Plat. Upon motion by Morris, second by -Stadler, resolutiorr adopted.
Resolution awarding Sale of $1,175,000 General Obligation Bonds, Series C. and,
$600,000.00 Improvement Bonds,, Series E, to Phelps, Fenn & Company. Upon motion by Morris, second
by Leonard, resolution adopted. All voted in favor thereof.
Resolution establishing form and details of $1,175,000 General Obligation Bonds, Series
C, and levying taxes for the payment,,thereof. Upon motion by Morris, second by Leonard, resolution
adopted. All voted in favor thereof.
Resolution authorizing and directing the Issuance.of $600,000.00 Improvement Bonds,
Series E, payable from the Improvement Bond Account of the Sinking Fund and appropriating Special
Assessments and Taxes for the payment thereof. Upon, motion by Morris, second by Stadler,
resolution adopted. All voted tin -favor thereof.
The following claims were each read and upon motion by .Wilson, second by Stadler, the
same were approved and the Mayor and City Clerk were authorized and directed to draw warrants
upon the CktyyTreasurer and make payments accordingly:
From the.General Fund: Inter American Munipipal Organization $50.00; Richard Schroeder
$12.00; Schmidt Printing Co.-$85.12; Friden, Inc. $32.08; Burroughs Corporation $10.60; Planning=
Advisory Service $100.00;.H. A. Rogers Company $16.78; World Travel Bureau $106.80; Romar Sporting
Dog Supply'$51.00; Burroughs Corporation $21.85; National Bushing & Parts $36.90; Marry,H.-Evans,
$2.80; American Public Works Association $20.00; Minneapolis Blue Printing $65.22; Osco Drug
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$10.80; Kruse Company $3.,17; Dieter Paper &Marine Supply $59.79; Arnolds Supply $19.71; Coop.
Oil Co., $103.36; Monte's $78.15.
From the Street & Alley Fund: Halling Company $15.45; Cooperative Oil Co. $14.95;
Doyle Conner Co., $81.00; Arthur A. Hirman, $56.51; C.,O. BrQwn Insurance $100.97.; Welborn
Welding Co. $7.75; Mobil Oil Company•$142.11. ,
From the Fire Protection Fund: K & K Electric $115.00; Linda.Supply Co., $13.35; E. J.
Klampe Co., $10.00; Weber & Troseth Co., $181.73; A._ R. Aay McKnight,.$38.41; Quality Printers,
$3.45; N..W. Bell Telephone #131.65;Schmidt Printing $65.9 8; H. Dornack & Sons, $27.80.
From the Police Protection Fund: Film Shops Inc. $4.94; Monte's $6.82; P. E. Romano
$98.75; Osco. Drug $26.64; Lawlers_Cleaners,$21.75; Fire & Safety $5.00; Minit Car Wash $28.75;
Quality Printers $55.00; N. W. Bell Telephone $18.00.
• Record of Official Proceedings of the Common Council
of the City of Rochester, Minn., April 17, 1961
257,
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From the Sewer Fund: Cooperative Oil Co. $15.15; Struve Paint Shop, $23.31; Gateway
Transportation $17.75; Welborn Welding $7..25; Monson Dray Line $4.21; National Bushing & Parts,
$7.88; Monte's $4.42; N. W. Bell Telephone Co., $21.25;
From the Lighting Fund: City of Rochester, P. U., $98.47.
From the Parking Meter Fund: Clements Chevrolet Co. $8.05; Magee dale Parking Meter
Company $120.70.
From -the Park Improvement Fund: N. W. Bell Telephone Co. $62.31; Peoples Natural Gas
$54.21.
From the Public Health & Welfare Fund: ;Intact Fund $5.08; Arthur W. Towey $20.05;
Clements Chevrolet Co. $113.80; N. W. Bell Telephone $9.85; Ruth Bolles $21,51; City of,Rochester
P.U. $2.25; E. Hoiby Body Company $43.40; Allen Truck & Imp&ement $21.56; Nelson Tire & Appliance
$3.50; Universal Motors, $2.50; Helath Office jntact Fund $13.14; Schmidt Printing $18.45;
Whiting Press, $7.55; Peoples Natural Gas $21.56; Sanitary Company $11.40; R. C. Drips $12.50;
Foster Electric $4.83; City of Rochester P.U., $163.80; City of Rochester, P.U. $29.38; J. C.
Penney Co., $5.88; Lovejoy & Sons, $13.50; C. F. Anderson Inca $7.00; Model Laundry $12.36;
Schmidt Printing $8.00;, Mrs. L. Hanson $33.00; Charles Phenix,$10.65; Robert Rossi $70.65; Geo. T.
,Walker $6.18; Marshall Gray $11.70; Neola Henson $6.38; Philip Shultz $44.63; Wm. Poblete,
$8.10; Catherine Retz $66.42; Mary Graupmann $15.45; Jane Manning $6.75; Patricia Bannitt $7.96;
Judith Uggen $18.85; Betty Sorenson $8.93; Ethel Ann Nielseien $18.00; Rosella Denison $16.58;
Marian Carpenter $8.41; Donna Weeks $1.10; City of Rochester $6,.74,; Stewartville Star $3.00;
Super Valu $3.73; National League for Nursing $6.00; Rodney Langseth, M. D. $10.00; Rochester. Book
Bindery $3.80; Stanley Drips Postmaster $95.00; Curtins TV $26.75; Monte's $9.47; The Johnson
Company $51.15; Waterworks Engineering $3.00; McGraw Hill Book Company $8.74.
From the P.I.R. Fund: E. C. Bathers & Associates $61.75;
From the F. E. Williams Estate Fund: City of Rochester P. U. $13.86; Park Improvement
Fund $7.20; City of Rochester, P. U. $1.79.
Alderman Wilkus introduced a resolution granting a variance under the provisions of
Section 10,of-the Zoning Ordinance of the City of Rochester, authorizing the Board of Education -of
Special,School District No..4 to construct on the Northeast School Addition in -accordance with
plans and specifcations submitted a public Junior High School building not exceeding an elevation
above grade of 38 feet and in addition a penthouse thereon not to exceed an additional 10 feet in
height, which was read. Upon motion by Stadler,. second by DeVries, and,all voting in favor thereof,
President Tingley declared the said resolution duly passed and adopted.
An Ordinance annexing to the City -of Rochester,.Minnesota, Certain'Unplatted lands not
exceeding two hundred,acxes,in,area, all being in a part of the Southeast One -quarter of Section
Twenty -Two,. Township One Hundred Seven North, Range Fourteen West, Olmsted County, Minnesota
(Crescent Park 2nd Addition) was given its first reading, e
Upon motion by Wilkus, second by Stadler, and upon roll call and all voting in favor
thereof, the ruleswere suspended and the ordinance was given its second reading.
0
Record of Official Proceedings of the Common Council
of the City of Rochester, Minn., April 17., 1961
D S,WALD�P_LJ,B LI,B,M,I,N,G�D,D .,_N,E W_ll,lM,�_M,I,N,N.,A 9528
Upon motion by Wilkus, second by Stadler, and upon roll call and all voting in favor
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thereof, the rules were suspended and the ordinance was given its third and final reading.
A motion was then made by Morris, second by Wilkus, that the said ordnance be adopted
as read, and all voting in favor thetreof, President Tingley declared the said ordinance duly
passed and adopted.
Alderman Morris requested that the City Engineer check into a complaint that he had
received that a tree was growing through the concrete an the 3rd Avenue Southeast bridge.
A letter from C. A. Armstrong, City Engineer, stating that the Public Works Committee
had reviewed a proposed Public Works Bill submitted by the American Municipal Assoaiction and
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wanted to advise the Council that they would favor the bill Sand feel that (•l) the City would be.
in a position to take advantage of the legislation if-enacted.,Q) the additional public works
that could be put under construction next year above the amount otherwise planned, could amount
to $500,000 if Federal Aid -was available, this amount covers the City Engineer's Department only
and would involve only street and.sewer projects and - the City would have to levy funds for
construction over and above the•"current annual level of -capital expenditures", was read. Upon
.motion by Wilkus, second by DeVries, the City Clerk was instructed•to make copies of the above
recommendation and the-proposedbill as submitted and mail the same to each member of the Council.
All voted in favor thereof.
President Tingley declared a recess at 11:30 o'clock P. M. The meeting was called to
order again at 12:00 o'clock P. M.
At this.time.Mr,. R. V. Ehrick, City Attorney, requested permission to speak to the
Common Council about the matter of -the bond letting which had previously considered. Mr. Ehrick
stated that the high.bid of Commerce Trust Company of Kansas City, Missouri and Associates had
apparently been rejected because the basic interest rate for -the 1970 and 1971 maturities of
both the Series C and the Series E bonds had been bid as 2 7/87. and not•in�multiples of 1/4%
or 1/10 of 111. as required by Statute and the notice of -sale. -Mrs Ehrick further stated that Mr.
Phillip Davis of the -Commerce -Trust Company had called and requested reconsideration of its bid.
Mr. Davis was referred to Mr. Arthur Whitney of the law firm of Dorsey, Owen, Barber, Marquardt
and Windhorst. Mr. Ehrick further ad*ised he had subsequently held telephone conversations
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with Mr. Whitney and Mr. Harry F. Mayfield of the Commerce Trust Company and felt that certain
other alternatives available -to the Common Council should be considered. Pursuant to Statute
and.the notice of sale,,the Common Council had the authecity to reject all -bids and either
negotiate a sale of the bonds or readvertise for bids. - Inasmuch as the bid of Commerce Trust
Company would continue to be the high bid even if the interest rate on the 1970 and 1911
maturities was raised to the next highest legal interest multiple, i. e. 2.90%, and inasmuch�as_
Commerce Trust,Company through..its representatives,_Mr. Davis and Mr. Mayfield, had agreed that
the interest rates bid by it on the 1970 and 1971 matur-ities•of both -Series C and Series E bond
could be corrected to 2.807.. Mr. Ehrick stated that he felt that it would not be necessary to
reject all bids and -negotiate a sale. He felt that the bid of Commerce Trust Company could be
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. Record of Official Proceedings of the Common. Council
of the City of Rochester,. Minn., . Apri 1- 17 , 1961
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corrected to 2.80% on the 1970 and 1971 maturities of both series and accepted as the high bid.
On the basis of the foregoing, Mr. Ehrick recommeded that the Common Council
reconsider the motion adopting the resolution awarding the sale of the bonds to Phelps, Fenn
and Company and upon reconsideration, reject this resolution and then adopt a resolution awarding
the sale of the bonds to Commerce Trust Company of Kansas City, t Mis souri and associate First
National Bank of St. Louis, Missouri upon their bid as corrected.
A motion was,then made by Alderman Wilson, second by Alderman Morris, that the Council
reconsider the action taken in approving the resolution awarding the sale of bonds to Phelps, Fenn
and Company and all voting in favor thereof, President.Tingley declared the motion carried and the
resolution up for reconsideration.
President Tingley then called for another vote on the resolution awarding the sale of
$1,175,000.bonds to Phelps, Fenn and Company and all members of the Council voting "no", President
Tingley declared the resolution not adopted.
Alderman Wilkus then introduced the following resolution which was read:
RESOLUTION AWARDING SALE OF $1,175,000
GENERAL OBLIGATION BONDS, SERIES C, AND
$606,000 IMPROVEMENT BONDS, SERIES E
BE IT RESOLVED by the Common Council'of the City of Rochester, Minnesota:
1. Pursuant to notice of sale heretofore duly published the Council has
received and considered all bids submitted for the purchase of $1,175,000
General Obligation Bonds, Series C, and $600,000 Improvement Bonds, Series E,
of the City of Rochester, both to be dated as of April'l, 1961, and does
hereby find and determine that the highest and best bid so received is that
of Commerce Trust Company of Kansas City, Missouri, and the associates named
therein, to purchase each and all of said bonds at an aggregate price of par
plus accrued interest, plus a premium of $177.50, the bonds of'each series
maturing in the respective years set forth below to bear interest at the
annual rates indicated opposite their maturity years:
A. General Obligation Bonds, Series C:
Maturity Years Interest Rates
1962 through 1966 2.50%
1967 through 1967 2.60%
1968 through 1968 2.70%
1969 through 1971 2.80%
1972 through.1977 3.75%
and each of the bonds to bear additional interest at 1% per annum from
August 1, 1961 to July 1, 1962.
B. Improvement Bonds, Series E:
Maturity Years Interest Rates
1962 through 1966 2.50%
1967 through 1967 2.60%
1968 through 1968 2.70%
1969 through 1971 2.80%
and each of the bonds to bear additional interest at 1/2 of 1% per annum from
August 1, 1961 to January 1," 1962.
2. Said bonds shall be forthwith issued, sold and delivered upon the terms
specified in said bid, and the Mayor and City Clerk are hereby authorized and
directed to endorse the City's acceptance upon duplicate copies of said bid,
to file one copy in the office of the City Clerk and to return the other to.
said bidder.
3. The City Treasurer is directed to retain the good faith check in the
amount of $35,500.00 submitted by said bidder until delivery of the bonds
and payment of the purchase price in full, and to return the checks of other
bidders to them forthwith.
A motion was then made by Alderman Wilkus, second by Alderman Stadler, that the above resolution
be adopted as read, and all voting in favor thereof, President Tingley declared the said
resolution duly passed and adopted.
Upon motion by Wilson, second by Morris,
the meeting was adjourned.
CiOl Clerk