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Extract: of Minutes -of Meeting: <br />of the City Council of ttie City of <br />Gem Lake, Ramsey. County., Minnesota <br />Pursuant to due call. and. notice thereof, .a .regular meeting of the City. Council -of the City. <br />of Gem Lake, Minnesota; was duly held in the City Hall. in said City on Tuesday, May. 221. 2007, <br />-coinmencing-at 7:00 P.M. <br />The following members were present: <br />and the following were absent: <br />The Mayor announced than the .next order of business was. consideration of the proposals <br />which had :been received for the purdhase of the City's approximately $850,000 General <br />{ -Obligation Capital Improvement Plan Bonds, Series 2007A. <br />The City Clerk presented a tabulation of the. proposals that have been received. in the <br />manner specified in the Terms. of Proposal :for the Bonds. The proposals are as set forth in <br />Eithibit A attached: <br />After due consideration Qi the proposal, Member then <br />introduced the following resolution, and moved its adoption: <br />RESOLUTION NO. Zl�c.7>1.1 <br />A RESOLUTION AWARDING TIM SALE OF $ <br />GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BONDS, SERIES 2007A <br />FIXING THEIR FORM AN].[) SPECIFICATIONS; <br />DIRECTING THEIR EXECUTION AND DELIVERY; <br />AND PROVIDING FOR THEIR PAYMENT <br />R09760 MNI GE1904 <br />