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~ , , , , " . . After due consideration of all bids, Councilman B&IOa introduced the following resolution and moved its adoption: RESOLUTION NO. Uti RESOLUTION AWARDING SALE AND FIXING THE FORM AND SPECIFICATIONS OF $535,000 TEMPORARY IMPROVEMENT BONDS OF 1973, PROVIDING FOR THEIR EXECUTION AND DELIVERY AND CREATING FUNDS FOR THEIR PAYMENT BE IT RESOLVED ,by the Village Council of the Village of New Brighton, Minnesota, as follows: 1. All action heretofore taken in connection with the issuance and sale of $535,000 Temporary Improvement Bonds of 1973 is hereby ratified and confirmed, and the sale thereof is awarded to "'.~l BuIl.,s. Put on its bid to purchase bonds bearing interest as follows: ..- at a price of $ ... 000.11 plus accrued interest. Said bid is hereby found to, be'the best bid, providing an average annual net interest cost not exceeding 7% on $527,200 to maturity. 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. The bonds shall, be numbered serially from 1 upwards and shall be in the following denominationis) : Serial Numbers Denomination I-I" l1IaIalw ......... 2. Pursuant to Section 429.091, Subdivision 3, Minnesota Statutes, as amended, the Village shall forthwith issue its Temporary Improvement Bonds of 1973, in the aggregate principal amount of $535,000, dated April 1, 1973, to bear interest as above set forth, payable October 1, 1973 and semiannually thereafter on April 1 and October luntil maturity, and to mature on April 1, 1976, all bonds being subject to redemption and prior payment at the option of the Village at any time on or after October 1, 1975 at par and accrued interest, to pay the costs of Improvement Nos. 73-2, 73-3, 73-4, 73-5, 73-6 and 73-9, consisting of acquiring, opening and widening