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<br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />ROSEVILLE, MINNESOTA <br /> <br />HELD: <br /> <br />February 23, 1998 <br /> <br />Pursuant to due call and notice thereof, a regular <br />meeting of the City Council of the City of Roseville, Ramsey <br />County, Minnesota, was duly held at the City Hall in said City on <br />Monday, the 23rd day of February, 1998, at 6:30 P.M., for the <br />purpose, in part, of considering bids for, and awarding the sale <br />of, $13,280,000 General Obligation Tax Increment Refunding Bonds, <br />Series 1998 of the City. <br /> <br />The following members were present: Mayor Wall and <br />Council Members Goedeke, Maschka, Mastel and Wiski; and <br /> <br />and the following were absent: <br /> <br />None. <br /> <br />The Manager presented affidavits showing publication of <br />notice of call for bids on $13,280,000 General Obligation Tax <br />Increment Refunding Bonds, Series 1998 of the City, for which <br />bids were to be opened and tabulated this same day, in accordance <br />with the resolution adopted by the City Council on January 26, <br />1998. The affidavits were examined, were found to comply with <br />the provisions of Minnesota Statutes, Chapter 475, and were <br />approved and ordered placed on file. <br /> <br />The following bids were opened and tabulated at 12:00 <br />Noon, Central Time, at the City Hall in the City of Roseville, <br />Minnesota, in the presence of the City Manager, or his designee, <br />on this same day: <br /> <br />Bidder <br /> <br />Interest Rate <br /> <br />True Interest Cost <br /> <br />(See attached) <br /> <br />906107.01 <br />