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After due consideration of the bids, Member - -- then <br />introduced the following resolution and moved its adoption: <br />RESOLUTION NO <br />A RESOLUTION AWARDING THE SALE OF $19975.1000 <br />GENERAL OBLIGATION REFUNDING IMPROVEMENT BONDS SERIES 1993; <br />FIXING THEIR FORM AND SPECIFICATIONS; <br />DIRECTING THEIR EXECUTION AND DELIVERY <br />AND PROVIDING FOR THEIR PAYMENT <br />BE IT RESOLVED B y the City Council of the City of Roseville., Ramsey <br />County, Minnesota ( City ) as follows: <br />Section 1. Sale of Bonds. <br />The hid of (Purchaser) to <br />1.01. �" . <br />X00 General Obligation Refunding Improvement Bonds, Series 1993 <br />purchase �1 # ��� * . � F thereof is hereby <br />of the Cit described in the official Terms of Offering the y <br />(Bonds) y <br />ed to be the highest and hest- hid received pursuant to duly <br />found and deternun � <br />advertised notice of sale and shall be and is hereby accepted; the bid being to <br />t a rice of plus accrued interest to date of <br />purchase the Bonds a � <br />delivery, for Bonds bearing interest as follows : <br />f Interest <br />Interest Year o <br />Year of Rate <br />Maturit Rate maturity <br />Net effective interest rate <br />iff <br />1, 02. The sum of <br />being the amount bid by the Purchaser in <br />will be credited to the Debt Service Fund hereinafter created. <br />excess of $1,945,375 <br />The � y � <br />'t Manager is directed to deposit the good faith check of <br />the Purchaser <br />e sale of the Bonds, and to return the good faith checks of <br />pending completion of the ' <br />the unsuccessful bidders forthwith, The Mayor and city Manager are directed to <br />execute a contract with the Purchaser on behalf of the City <br />1 * 03 . The city will <br />forthwith issue and sell the Bonds in the total principal <br />originally dated February 11, 1993, in the denomination of <br />amount of $1,975,000, o� � upward, bearing <br />each or an integral multiple thereof, numbered No. R -1, , P <br />$5,000 y � lI on March 1 � the ears and <br />interest as above set forth, and which mature serially y <br />amounts as follows: <br />=47467 <br />U200 -10 <br />