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-R�'4'XTRACT OF MINUTES OF' A MEETING OF
<br />CITY COUNC'H, OF Tf1E ClrrYi OF'
<br />ROSEVILLE,, N1E9NESOTA
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<br />PVnumt to due call, a regular, meeting of the City Council of the, City of Roseville,
<br />Ramsey County'. Mimesota, was dul,y held at the City Hall, on February 10, 2003,., at 61- 1 00 P.M
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<br />for the purpose, "in pail, ox consiaenng proposals for, and
<br />awar ding the competifivei
<br />)I I negotiated,
<br />siale of, $9,700,000 General Obligation Municlop,a], Building Bonds Sefies 2,0,03A. I
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<br />The Cityrumce, virector presented Proposals, on, $19,71001,,1000 General, Obli"gatigon,
<br />Mumicipal Build:ing Bonds, Series 20013A ofthe City, for which, proposals were to be received,1
<br />opened and, tabulated by the City Fu"iance Director,, or designee, this same day, in accordance
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<br />with thei resolution, adopted by the City Colunc I'l on january 1, 3,, 2,0031.
<br />Thei follo
<br />lwmg proposals were received, opened, and tabulated at 1, 1, 9-010 A.M., Central
<br />Time, at the offic,es of Springsted Incorporated,, m- m"11 e Presence ofthe City Finance Director,,,
<br />desi,gn,eei, on this, same day:
<br />Bidder Interest Rate True Interest Cost
<br />The Council, then proceeded to consider, and discuss the proposals.1 after which, member
<br />introduced, the following resolution d mov�ed its adoption:
<br />RESOLUTION ACCEPTING PROPOSAL ON TTBE
<br />COMPETITIVE NEGOTIATED SALE OF
<br />$,9,170�0,,000 GENERAL OBLIGATIONMUNICIPAL BUILDING BONDS,
<br />SERIES 2,0013,A, AND PROVIDING FOR THEIR ISSUANCE
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<br />A,. WBEREAS, the City Council ofthe City of' Roseville, 1�4innesotai (the "Clity"),
<br />held, an election, on November 5,2002, at which the electorate, approved, the issuance olf'gene
<br />obligation bonds *'in an amolunt not to, exceed $9,700,0001 to, defray the expense ofthe acquisitio
<br />befftmment of a public safi* and public works facility in the City, (the "Project"); and
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<br />B.
<br />W"HEREAS, the City CouncH has, heretofore determined and declared it i's
<br />necessary and, expedient, tolissue $9,7010,,10010 General Obligation Municipal Building Bonds,
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