HomeMy WebLinkAbout06-07-1967Record of Official Proceedings of the Common Council
• of the City of Rochester, Minn., June 7, 1967
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A motion was then mad6 by Ellison, second by Perry, that copies of the two above
resolution be sent to the Planning & Zoning Commission; all voted in favor.
"Be it resolved by the Public Utility Board of the City of Rochester that
the Common Council authorize the said Board to enter into a contract with
ADDRESSOGRAPH MULTIGRAPH CORPORATION for furnishing in accordance with
specifications on file
1 - CLASS 6400 EMOBSSING MACHINE
the amount of the contract to be THIRTY TWO HUNDRED THREE DOLLARS AND EIGHTY
CENTS ($3,203.80) and-ADDRESSOGRAPH MULTIGRAPH CORPORATION being the only
responsible bidder.
Be it further resolved that the Common Council direct the Mayor and the
City Clerk to execute the contract documents."
A motion was made by Day, second by Ellison,
voted in favor.
that the above resolution be adopted as read; all
A resolution establishing rates on all billings effective June 16, 1967 and also
a resolution that the City Electric Department pay to the General Fund a cmonthly established
amount to be used for general fund purposes and this payment be called a Tax on Gross Income
10% of the gross income from electricity sales, were each read. Alderman Day moved that these
two resolution be held until the Common Council meets with the Public Utility Board to review
these before they are adopted; Alderman Postier seconded the motion and all voted in favor.
*Be it resolved by the Public Utility Board of the City of Rochester that
the amount of $350,000.00 be appropriated to the Olmsted County Bank and
Trust Company for the purchase of 6ertif icates of Deposits dated June 12,
1967, maturing June 12, 1968 and bearing interest at the rate of 4 3/4%
compounded quarterly.
Be it further resolved that the Certificates of Deposits be purchased
for Electric Department Depreciation Reserve."
"Be it resolved by the Public Utility Board of the City of Rochester that
the amount of $300,000.00 be appropriated to the Olmsted County Bank and
Trust Company for the purchase of Certificates of Deposits dated June 1, 1967,
maturing June 1, 1968 and -bearing interest at the rate of 4 3/4 % compounded
quarterly.
Be it further resolved that the Certificates of Deposits be purchased for
Electric Department Depreciation Reserve."
"Be it resolved by the Public Utility Board of the City of Rochester that
the amount of $99,800.00 be appropriated to the Frist National Bank for the
purchase of Federal Land Bank Bonds dated May 22, 1967, and maturing
January 22, 1969, bearing interest at the rate•of 4.3/4 % Face Value $100,000.00
Be it further resolved that the Federal Land Bank Bonds be purchased for
$75,000.00 for Water Department Depresciation Reserve and $25,000.00 Employee
Pension Reserve."
Upon motion by Folkert, second by Ellison, and all voting in favor, the three above resolutions
were approved.
A letter signed by President DeVries appointing Aldermen D. Dewey Day, W. Wayne
Ellison and Robert Larson as members of the Board of Equalization for the year 1967 was read and
upon motion by Day, second by Postier, and all voting in favor, the appointments were approved.
A letter from the Kahler Corporation submitting a statement of Kahler policy
regarding Bunday liquor was read and upon motion by Day, second by Ellison, and all voting in
favor the letter was referred to the Public Safety Committee.
A Letter from the Board of Education concering student enrollment problems in
the Elton Hills School was presented and President DeVries ordered the same placed onf ile.
A letter from Rochester Northern Heights, Inc. requesting that the City award a
contract to Agneberg Sankstone & Associates for preparation of plans and specifications for
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