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<br />... <br /> <br />......:'r.,;,~ ,>. ':.-;':" <br /> <br />.,.,,~ <br /> <br />"l, <br /> <br />Clerk-Treasurer, to be retained by the City as liquidated damages if <br />the bid is accepted and the bidder fails to comply therewith. The bid <br />authorizing the lowest net interest cost (total interest from date of <br />bonds to stated maturities, less any cash premium or plus any amount <br />less than $615,000 bid for principal) will be deemed the most favo- <br />rable. No oral bid and no bid of less than $610,000 for principal <br />plus accrued interest on all of the bonds will be considered, and the <br />City reserves the right to reject any and all bids and to waive any <br />informality in any bid. <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />Is/Tamara M. Miltz-Mil1er <br />City Clerk-Treasurer <br /> <br />Dated: May 27. 1987. <br /> <br />. r <br />