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Home My WebLink About11-10-1969Record of Official Proceedings of the Common Council of the City of Rochester, Minn., Novetber 10, '1969 4245 1 • 1 1 �J 1 Resolution authorizing Mayor and City Clerk to sign on behalf of the City of Rochester the "Consent to and Endorsement of Petition" pertaining to petition of Chicago & N. W. Ry. Co. to Minnesota Public Service Commission requesting retirement of certain railroad spur tracks. Upon motion by Ludowese, second by Postier, and all voting in favor, resolution adopted. The following resolution was read and upon motion by Postier, second by Strain, and all voting in favor, resolution adopted: WHEREAS, the Common Council believes that progress in the City of Rochester depends upon total development of the various residential, commercial and industrial areas throughout the City. WHEREAS, it is in the best interest of all concerned that such development be made by the attraction of new industries and businesses from without the City rather than by the movement of such enterprises from one location to another within the City. WHEREAS, the focal point of such community -wide development has been and will continue to be the downtown Rochester business area. WHEREAS, it is common knowledge that the Dayton Company and Michaels, Inc. have under consideration development plans that may involve extensive improvements within the downtown business district. WHEREAS, the Common Council desires to publically encourage the management of these two companies to expand their existing facilities. NOW THEREFORE, Be it resolved by the.Common Council of the City of Rochester that the Dayton Company and Michaels, Inc. are commended for the contribution their respective businesses have made to the City of Rochester and are encouraged to continue in their efforts to further develop and expand their present business establishments in downtown Rochester. ' Alderman Larson said he had received many complaints on the slow moving of the trains on the Chicago Northwestern Railway, at"some of the crossings traffic was held up as long as 12 minutes. The Mayor and'City Attorney were to look into this. The recommendation of the Planning & Zoning Commission that the change of zoning districting on a part of the "Graham Estate" property located just south of the Summit Building on 3rd Avenue S. E. from the R-2 to the,B-3 District be approved was read. Upon motion by Cherland, second by Postier, and all voting in favor, the recommendation was accepted and a hearing was set*for'7:36 P. M. on December 8, 1969. A letter from the Department of Housing and Urban Development regarding the expiration of the Workable Program for Community Improvement, tabled from last meeting, was again read. Upon motion by Postier, second by Ludowese, and all voting in favor, the same was again tabled until the meeting of November 17, 1969. Mayor Day said he would like to have a member of the Common Council be an ex- officio member of the ACRE Committee. Alderman Cherman was named. Resolution removing from the Rural Service District - 1. (a) Valleyhigh Third Subdivision (b) Manor Woods First Subdivision (c) Country Club Manor Seventh Subdivision (d) Folwell Heights Fifth Subdivision (e) Meadow Park Seventh Subdivision (f,) Northern Hills -First Subdivision (g) Elton Hills EastFifth Subdivision all now platted lands and 2. Commercially Developed Land.(a) the lands described in paragraph 4.of Exhibit A of Ordinance 1466 (Apache Mall) consisting of 21.1 acres. and all voting in favor, resolution adopted. Upon motion by Ludowese, second by Cherland, Upon motion by Postier, second by Strain, and all voting in favor, the meeting was adjourned until 12:00 noon on November 10, 1969. • City Clerk F'426 Record of Official Proceedings of the Common Council of the City of Rochester, Minn., November 10, 1969 40 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 November 10, 11969. Upon motion by Larson, second by Postier, and all present voting in favor, JAlderman Folkert was appointed as President pro tem. President pro tem Folkert called the meeting to order at 12:00 o'clock noon, Ithe following members being present: President pro tem Folkert, Aldermen Cherland, Larson, ILudowese and Postier. Absent: President DeVries and Alderman Strain. The City Clerk presented affidavits showing publication of notice of sale of $1,525,000 Improvement Bonds, Series J, to be dated as of December 1, 1969, in accordance with the resolution providing for such sale at this time and place, adopted October 20, 1969. Said affidavits were examined and found satisfactory and directed to be placed on file in the office of the City Clerk. The City Clerk reported that 16 sealed bids for the purchase of said bonds 1had been received at her office prior to 12)) o'clock Noon, which bids were thereupon opened land publicly read and considered, and the highest and best bid of each bidder was found to be as follows: Net Interest Net Interest Bidders Price Dollar Cost Rate Hibbard, O'Connor & Weeks, Inc. $1,511,275.00 $ 548,025.00 5.5920% United Municipal Ins. Corp. The Northern Trust Company 1,514,059.00 551,241.00 5.6249% The Illinois Couipany Incorporated Walston & Co., Inc. Becker & Cownie, Inc. Halsey, Stuart & Co., Inc. 1,514,340.00 559,509.75 5.709283% Merrill Lynch, Pierce, Fenner & Smith, Inc. Hutchinson, Shockey, Erley & Co. Kenower, MacArthur Co. Mullaney, Wells & Company American National Bank & Trust Company, St. Paul 1,512,110.00 562,565.00 5.74045 Bacon Whipple & Co. ° Commerce Trust Company First National Bank -St. Louis Stern Brothers & Company The White -Phillips Company, Inc. Geo. K. Baum & Company Phelps, Fenn & Co. 1,525,050.00 569,400.00 5.8102 First National Bank of Chicago 1,512,785.00 551,840.00 5.63102 Bankers Trust Company 1,525,230.50 558,819.50 5.7022 Lehman Brothers Ebin,Robertson & Co., Inc. 1,511,641.00 553,509.00 5.648 Miller & Schroeder -Co. McDonald & Company Reynolds & Co. Wildman, Neal & DeBolt Robert S. C. Peterson & Co. Mercantile Trust Company N.A. 1,525,076.00 559,599.00 5.71019 Austin, Tobin & Company, Inc. Carleton D. Beh Company City National Bank, Kansas City, Mo. Bear, Stearns & Co. 1,516,578.95 554,121.05 5.6542 Blyth & Co. Inc. 1,525,625.00 555,175.00 5.665051 1 • 1 J 0 1 0 Record of Official Proceedings of the Common .Council 427 of the City of Rochester, Minn., November 10, 1969 J • 1 1 a 1 First National Bank of St. Paul 1,512,952.50 549,947.50 5.61170'/ Carleton, D. Beh Company Dain, Kalman & Quail, Inc. Mpls. First National Bank, Mpls. Northwestern National Bank, Mpls. Piper Jaffray & Hopwood First National Bank, Rochester Juran & Moody, Inc. Allison -Williams Northwestern National Bank, Rochester Continental Illinois National Bank and Trust Company of Chicago 1,517,150.00 548,300.00 5.59489 A. G. Becker & Co., Incorporated Barris, -Trust,`>&, -:Savings Bank, Chicago 1,514,953.00 547,947.00 5.5912 John Nuveen & Co. La Salle National Bank 1,515,323.75 544,126.25 5.55230 Olmsted County Bank & Trust The First National Bank of Boston Kowa -Des Moines National Bank Van Kampen Wauterlek & Brown, Inc. First Wisconsin National Bank of Milw. 1,516,130.60 547,144.40 5.583106 The Bank of California Shearson, Hammil & Co., Inc. National City Bank of Cleveland The bids were referred to the City Accountant and the Bonding Attorney who tabulated the same and reported back that LaSalle National Bank of Chicago Illinois was the successful bidder. Alderman Postier then introduced and Alderman Larson moved the adoption of a resolution "Resolution Awarding Sale of $1,525,000 Improvement Bonds, Series J"; Alderman Postier seconded the motion, and all present voting in favor thereof, President pro tem Folkert declared the said resolution duly passed and adopted. Alderman Postier then introduced and Alderman Larson moved the adoption of a resolution "Resolution Authorizing and Directing the Issuance of $1,525,000 Improvement Bonds, Series J, Payable from the Improvement Bond Account of the Sinking Fund and appropriating Special Assessments for the Payment Thereof"', Alderman Postier seconded the motion, and all present voting in favor thereof, President pro tem Folkert declared the said resolution duly passed and adopted. Upon'motion by Larson, second by Ludowese, and all voting in favor, the City Clerk was instructed to return the certified checks of the unsuccessful bidders. The application of Lysne Construction, Inc. for a permit to move a metal quonset building from 1721 - 3rd Ave. S.E. out of the City limits, was read and upon motion by Postier, second by Larson, and all present voting in favor, the permit was granted. The applications of Daniel Juenger for transfer of "on" and "off" sale 3.2 beer license at 119 North Broadway and the application for a license to sell cigarettes, were each read. Upon motion by Larson, second by Postier, and all present voting in favor, the transfers and licenses were granted. A motion was made by Postier, second by Cherland, that the flags be flown at 0 Record of Official Proceedings of the Common Council of the City of Rochester, Minn., November 10, 1969 • full mast on all municipal buildings and streets on November 15, 1969 to show our faith in Americanism; all present voted in favor except Alderman Ludowese who "abstained". Upon motion by Larson, second by Ludowese, and all present voting in favor, the meeting was adjourned until 7:30 o'clock P. M. on November 17, 1969. City Clerk