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<br />550AA <br /> <br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />ROSEVILLE, MINNESOTA <br /> <br />HELD: FEBRUARY 17, 1988 <br /> <br />Pursuant to due call and notice thereof, a special <br />meeting of the City Council of the City of Roseville, Ramsey <br />County, Minnesota, was duly called and held at the City Hall <br />in said City on Wednesday, the 17th day of February, 1988, at <br />5:00 o'clock P.M., for the purpose of opening and considering <br />bids for, and awarding the sale of, $4,500,000 General <br />Obligation Improvement Bonds, Series 14, of the City. <br /> <br />The following members were present: Matson, Kehr, <br /> <br />and Rog, <br /> <br />and the following were absent: Cushman and Johnson. <br /> <br />The Manager presented affidavits showing publication <br />of notice of call for bids on $4,500,000 General Obligation <br />Improvement Bonds, Series 14, of the City, for which bids were <br />to be received at this meeting, in accordance with the <br />resolution adopted by the City Council on January 25, 1988. <br />The affidavits were examined, were found to comply with the <br />provisions of Minnesota Statutes, Chapter 475, and were <br />approved and ordered placed on file. <br /> <br />The Council then proceeded to receive and open bids <br />for the sale of the Bonds. The following bids were received, <br />opened and recorded at 12:00 noon at the City Hall in the City <br />of Roseville, Minnesota, in the presence of an officer of the <br />City, on this same day: <br /> <br />Bidder <br /> <br />Interest Rate <br /> <br />True Interest Cost <br /> <br />See Schedule A attached <br />