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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: January 27, 1992 <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 27th day of January, 1992, at 7:30 P.M., for the <br />purpose, in part, of considering bids for, and awarding the sale <br />of, $2,200,000 General Obligation Improvement Bonds, Series 18 of <br />the City. <br /> <br />The following members were present: P. Johnson, <br />Thomas, Cushman, Maschka, V. Johnson; <br /> <br />and the following were absent: None. <br /> <br />The Manager presented affidavits showing publication of <br />notice of call for bids on $2,200,000 General Obligation <br />Improvement Bonds, Series 18 of the City, for which bids were to <br />be opened this same day, in accordance with the resolution <br />adopted by the City Council on December 9, 1991. The affidavits <br />were examined, were found to comply with the provisions of <br />Minnesota Statutes, Chapter 475, and were approved and ordered <br />placed on file. <br /> <br />The following bids were received, opened and recorded <br />at 12:00 Noon, Central Time, at the City Hall in the City of <br />Roseville, Minnesota, by its Manager, or designee, on this same <br />day: <br /> <br />Bidder <br /> <br />Interest Rates <br /> <br />True Interest Cost <br /> <br />(SEE EXHIBIT A ATTACHED HERETO) <br /> <br />26250 <br />