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..... .,' , ., .... . . ~ 77- (.)./ EXTRACT OF MINUTES OF MEETING OF THE CITY COUNCIL OF THE CITY OF ARDEN HILLS, MINNESOTA HELD: OCTOBER 11, 1977 Pursuant to due call and notice thereof, a ...-law meeting of the City Council of the City of Arden Hills, Ramsey County"Minnesota, was duly held at the City Hall in said City on the 11th day of October, 1977, at 8:00 oiclock P.M. for the purpose of awarding the sale of $1,765,000 General Obligation Improvement Bonds, Series 3 of said City. The following members were present: ...,...c..,... .....CClln....lIIen ..., ","Gb.... ....1111I... and the following were absent: ~U... W1avell1t The City Administrator presented affidavits showing publication of notice of call for bids on $1,765,000 General Obligation Improvement Bonds, Series 3 of the City, for which bids were received until 5:00 P.f.iI. at the office of the City's Bond Consultant at this meeting, in accordance with the resolri- . Hon adopted by the City Council oriAugust 29,1977. Said affidavits were examined, found to comply with the provisions of Minnesota Statutes, Chapter 475, and were approved and ordered placed on file. The following bids were received and opened at the office of the City's Bond Consultant in the presence of an officer of the City of Arden Hills: Bidder Interest Rate Net Interest Cost 1. 4.1" 117'-1110 ..al4.15' 1111 4.10' 1112 4.1" 1111 4.'" 1114 4.'" 111. 4.'st 111. 4...' 1'" 4.'" 1.11 1.10' 111,..1110 ...lM 1111 5.20' 11,2 5.25' 1In 1.10' 1114 ."lI.utlwe.t: .....loaD bU._-i ..... It:. cnalD II .....t:... 1_. 1IHIr1l1 L7DGb. plene, ...... II IId.tIa. Iao. ....... ..ld II co.