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<br />I <br /> <br />I <br /> <br />I <br /> <br />COUNCIL PROCEEDINGS <br /> <br />CITY OF NEW BRIGHTON <br /> <br />Pursuant to due call and notice thereof, a special meeting <br />of the City Council was held Monday, April 28, 1980 at 6:50 PM <br />in the municipal building, 803 5th Avenue NW, New Brighton, <br />Minnesota. <br /> <br />Present: <br /> <br />Mayor James Senden, Councilmembers Bob Benke, <br />Roger Blomquist, Jeannette Janecek, Steve Schmidt <br /> <br />Absent: <br /> <br />None <br /> <br />Also <br />Present: <br /> <br />Vernon C. Pederson, City Clerk <br />Wally Dornfeld, Evenson-Dodge, Inc. <br /> <br />The Mayor announced that the meeting was convened for the <br />purpose of receiving sealed bids for the purchase of $460,000 <br />General Obligation Improvement Bonds of 1980 as advertised <br />for sale and pursuant to adjournment of the sale scheduled <br />on April 8, 1980, and adjourned to April 22, 1980. The <br />City Clerk presented affidavits showing publication of the <br />notices of sale in the official newspaper and in Commercial <br />West, which affidavits were examined and found satisfactory <br />and ordered placed on file. <br /> <br />The City Clerk then presented the sealed bids received and <br />opened pursuant to the notice of sale for the General <br />Obligation Improvement Bonds of 1980, and instructions <br />pursuant to the adjournment of sale. These were examined <br />and found to be as fOllows: <br /> <br />Bidders <br /> <br />Address <br /> <br />Price <br /> <br />Rate <br /> <br />NIC <br />$268,546.91 <br /> <br />BANCNORTHWEST <br />Cronin & Marcotte, <br />Inc. <br /> <br />Minneapolis <br /> <br />$4S3,606 <br /> <br />6.70%-1981/85 <br /> <br />6.75%-l986 <br />6.80%-1987 <br />6.90%-1988 <br />7.00%-1989/90 <br />7.10%-1991 <br />7.20%-1992 <br />7.30%-1993 <br />7.40%-1994 <br />7.50%-1995 <br /> <br />Minneapolis <br /> <br />7.2711% <br /> <br />DAIN BOSWORTH INC. <br />Allison-Williams Co <br /> <br />Minneapolis <br />Minneapolis <br /> <br />273,083.42 <br />7.3939% <br /> <br />6.7S%-1981/83 <br />6.80%-1984/8S <br /> <br />452,042 <br />