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Ekiract of Minutes.gf Meeiitlg <br />of the. City Council of the -City of <br />Gem Lake; Ramsey County, Minnesota <br />Pursuant to due call and notice thereof, it. regular meeting of the City Couricil-of the City .of Gem <br />Lake,. Minnesota, was duly held in the City Hall in said City on. Tuesday, .May 19, -�Qj 5; commencing. at <br />7:00 P.M. <br />The following.mernbers were present: <br />and the following were absent: <br />The Nfay. 9r.. announced that the next order of -business was consideration of the proposals:Which. <br />had been received for the purchase of the City's General Obligation Refunding Bands, Series 2015A, to <br />be issued..in the original. aggregate. principal amount of <br />The City Administrator -Clerk presented a tabulatidifof the proposals which had been received Iri <br />the manner specified. in the Terms of Proposal for the. Bonds. The- proposals were as set forth in <br />EXHIBIT A attached. <br />After due considerafrori of -the. proposals, Councilmember introdlioed :the following <br />written resolutinrl, the reading of which. was dispensed with by unanimous consent,. and moved its. <br />adoptioty <br />461255W GAF.GE190-12 <br />