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",'.. . - - .. - .. ' * * * After due consideration of all bids for both seri~s of bonds, Councilman Moen introduced the following resolution and moved its adoption: RESOLUTION NO. 680 RESOLUTION AWARDING SALE OF $7l4,OOO PARK BONDS BE IT RESOLVED by the Village Council of the Village of New Brighton, as follows: l. The bid of The First National Bank of St. Paul to purchase $7l4,OOO Park Bonds on the terms set forth in the notice of sale is hereby determined to be the best bid and to provide an averag~ annual rate of interest' (including as interest the principal of-bonds ~aturing in 1971) not exceeding 7% per annum on the bonds maturing in 1972 and thereafter, and said bid is hereby accepted. 2. The Mayor and Village Manager are hereby authorized and directed to execute a contract with the successful bidder and the Treasurer to return the good faith checks of all unsuccessful bidders forthwith. 3. The form of such bonds and the interest coupons to be thereto attached, which forms are before this meeting, are hereby approved and the Manager is authorized to cause to be prepared bonds in such form in the denominations and identifying the bank of payment specified by the successful bidder. 4. The Village Council shall meet on Tuesday , the l3thday of May , 1969 at 8:00 o'clock P.M. , for the purpose of adopting final resolutions specifying all terms of the bonds, identifying the bond form, providing funds for their payment and authorizing and ratifying action necessary for their execution and delivery. The motion for the adoption of the foregoing resolution was duly seconded by Councilman Rebelein and upon vote being taken thereon the following voted in favor thereof: Anderson, Moen, Rebelein and Romanski and, the,; f01,10:w:tng..'voted against the same: None whereupon said resolution was declared duly passed and adopted.