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<br />r. ~ ~ . :t . , <br />~, <br /> Extract of Minutes of Meeting of the <br /> City Council of the City of New Brighton <br /> Ramsey County, Minnesota <br /> Pursuant to due call and notice thereof, a meeting of <br />the City Council of the City of New Brighton, Minnesota, was duly <br />held at the City Hall in the City, on Tuesday, April 26, 1977, at <br />8:00 o'clock P.M. <br /> The following members were present: <br /> Gene Fisher, Paul Hardt, Jim Senden, Fritz Werdouschegg <br />and the following were absent: <br /> Mayor Gayle C. Bromander <br /> * * * * * * * * * <br /> Acting <br /> TheIMayor announced that the meeting was convened for <br />the purpose of considering sealed bids received prior to 2:00 <br />o'clock P.M. for the purchase of $685,000 Temporary Improvement <br />Bonds of 1977 as advertised for sale. The City Clerk presented <br />affidavits showing publication of the notice of sale in the offi- <br />cial newspaper and in Commercial West, which affidavits were <br />examined and found satisfactory and ordered placed on file. <br /> * * * * * * * * * <br /> The City Clerk then presented the bids received for the <br />bonds pursuant to the notice of sale and a tabulation thereof. <br />These were examined and found to be as follows: <br />Name of Bidder Interest Rates Purchase Price <br />First National Bank of st. Paul <br />First state Bank of New 3.85% $685,342.50 <br />Brighton <br />First National Bank of 3.95% $685,376.75 <br />Minneapolis <br />E.J. Prescott & Co 4.15% $689,315.50 <br />Bancnorthwest, Mpls 4.00% $685,232.00 <br />Dain, Kalman & Quail, Inc,Mpls 4.05% $685,390.45 <br />Paine, Webber, Jackson & <br />curtis, Inc, Mpls 4.10% $685,102.00 <br />