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<br /> I <br /> . <br /> <It, ........ <br /> .. <br /> ~ and the following voted against the same: <br /> . <br /> .. <br /> None <br /> whereupon said resolution was declared duly passed and adopted. <br /> * * * * * * * * * <br /> The City Manager and Clerk then presented the sealed bids <br /> received and opened by them pursuant to the notice of sale for the <br /> General Obligation Water Revenue Bonds. These were examined and <br /> found to be as follows: <br /> Name of Bidder Interest Rates Purchase Price <br /> The First National Bank 4.90%-1981/90 $950,000.00 <br /> of St. Paul 5.00%-1991/93 <br /> ~vhi te, Weld & Co 5.00%-1981/91 $952,413.00 <br /> 5.05%-1992 <br /> 5.10%-1993 <br /> Dain, Kalman & Quail 5.00%-1981/88 $950.003.21 <br /> 5 .10~-1989.19~,. <br /> Bancnorthwest ~ 5.00%-1981/86 $950,000.00 <br /> 5.10%-1987/91 <br /> 5.20%-1992 <br /> 5.25%-1993 <br /> After due consideration ot all bids, Councilman <br /> Werdouschegg J <br /> introduced the following resolution and moved its adoption: I <br /> RESOLUTION NO. 2014 <br /> RESOLUTION AWARDING SALE OF i <br /> i <br /> $950,000 GENERAL OBLIGATION <br /> WATER RFVENUE BOlmS OF 1978 <br /> BE IT RESOLVED by the City Council of the City of New I <br /> Brighton, Minnesota, as follows: <br /> 1. The bid of The Firs;b NatiQnal ~ank ~f Saint ma~l <br /> to purchase the $950,000 General 0 IIgatlon ater evenue on s of <br /> 1978 as advertised for sale is hereby found and determined to be <br /> the lowest and best bid for said series, and shall be and is hereby <br /> accepted, said bid being to purchase bonds bearing interest as <br /> follows: <br /> 4.90% 1981/90 <br /> 5.00% 1991/93 <br /> at a price of $ 950,000.00 for both series plus accrued interest. <br /> -3- <br />