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<br /> .... <br /> I f <br /> 1 <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~~~ll, 1975 at <br /> 8:00 o'clock P.M. <br /> The following members were present: <br /> Bromander, Anderson, Eagon, Fisher, Rebelein <br /> and the following were absent: None <br /> * * * * * * * * * <br /> The Mayor announced that the meeting was convened for <br /> the purpose of receiving sealed bids for the purchase of $423,000 <br /> Permanent Improvement Bonds of 1975, as advertised for sale. The <br /> City Clerk presented affidavits showing publication of the notice <br /> of sale in the official newspaper and in Commercial West, which <br /> affidavits were examined and found satisfactory and ordered placed <br /> on file. <br /> * * * * * * * * * <br /> The City Manager and Clerk then presented sealed bids <br /> received and opened by them pursuant to the notice of sale for <br /> the Bonds. These were examined and found to be as follows: <br /> Name of Bidder Interest Rates Purchase Price <br /> First Nat.Bank of 6.30, 4.40, 4.60 $4l5,011.50 <br /> St. Paul 4.80, 5.00, 5.15 <br /> 5.30, 5.45, 5.60 <br /> 5.70, 5.85, 6.00 <br /> 6.10, 6.20% <br /> American Nat Bank & 5.00, 5.50, 5.90, $416,856.00 <br /> Trust 6.00, 6.l0, 6.20% <br /> BancNorthwest & First 4.75, 5.30, 5.75, $417,600.60 <br /> Nat. Bank of Mpls. 5.90, 6.00, 6.10% <br /> tr c,$ ., 1.....1-1. 0 tJ lid. 1~/l.- <br />