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REQUEST FOR COUNCIL ACTIN Date: 01/25/99 <br /> Item No: F—1 <br /> 'Department Approval: Manager Reviewed Agenda Section <br /> Reports and <br /> Recommendations <br /> u�i i i i,,,,LL,„„,,,.^^^^^^^^^-^^omrvm uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuummmmuuummmnmummm >,. mWhi m -------- <br /> Item Description; Resolution Providing for the Acceptance of the <br /> Lowest Bid for General Obligation Im provemen t <br /> Bends Series 2 <br /> Background <br /> Bids were opened at 12:00 Noon on January 25, 1999 for the General Obligation Improvement <br /> Bonds Series 25. A tabulation of bids and a copy of the proposed resolutions are attached. <br /> Staff Recommendation <br /> Staff is recommending the low interest cost hid of % for the $2,500,000 General Obligation <br /> Improvement bonds Series 25 submitted by be accepted. <br /> COUNCIL ACTION QUESTED <br /> Motion to approve the attached resolutions accepting the lowest interest cost of 'YO for the <br /> ,5002000 General Obligation Improvement Bonds Series 25 submitted by <br />