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<br />I <br /> <br />I <br /> <br />I <br /> <br />City of New Brighton <br />April 28, 1980 6:50 PM <br /> <br />Bidders <br /> <br />Address <br /> <br />Rate <br /> <br />Piper, Jaffray <br />& Hopwood, Inc. <br /> <br />Minneapolis <br /> <br />6.90%-1986/87 <br />7.00%-1988/89 <br />7.10%-1990 <br />7.20%-1991 <br />7.30%-1992 <br />7.40%-1993 <br />7.50%-1994/95 <br /> <br />6.75%-1981 <br />6.80%-1982/83 <br />6.90%-1984 <br />7.00%-198S/86 <br />7.10%-1987 <br />7.15%-1988 <br />7.20%-1989 <br />7.25%-1990 <br />7.30%-1991 <br />7.40%-1992 <br />7.50%-1993 <br />7.60%-1994 <br />7.65%-1995 <br /> <br />FIRST BANK-MPLS. <br /> <br />MinneapOlis <br /> <br />FIRST BANK-ST. PAUL <br /> <br />St. Paul <br /> <br />6.75%-1981/83 <br />6.80%-1984 <br />6.8S%-1985 <br />6.90%-1986 <br />7.00%-1987 <br />7.10%-1988 <br />7.20%-1989 <br />7.30%-1990 <br />7.40%-1991 <br />7.50%-1992 <br />7.60%-1993 <br />7.65%-1994 <br />7.70%-1995 <br /> <br />Motion by Blomquist, seconded by Benke to <br />find that the lowest responsible bid was <br />submitted by Banknorthwest and to waive <br />the reading and adopt a resolution entitled <br />RESOLUTION AWARDING SALE OF $460,000 GENERAL <br />OBLIGATION IMPROVEMENT BONDS OF 1980, FIXING <br />THE FORM AND SPECIFICATIONS THEREOF, PROVIDING <br />FOR THEIR EXECUTION AND DELIVERY AND LEVYING <br />TAXES FOR THEIR PAYMENT. <br />5 ayes - 0 nayes - motion carried <br /> <br />Motion by Benke, seconded by Janecek to waive <br />the rules of Council procedure and consider a <br />revision in the form of the commercial develop- <br />ment revenue note for the Irwin and Judith Moen <br />project. <br />S ayes - 0 nayes - motio~ carried <br /> <br />Price <br /> <br />$453,583 <br /> <br />$453,146 <br /> <br />NIC <br /> <br />$276,381.51 <br />7.4832% <br /> <br />$277,514.47 <br />7.5139% <br /> <br />Bond Sale <br />Resolution No. 2328 <br />