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<br />Following discussion of the bids, Member <br /> <br />Curley <br /> <br />introduced the <br /> <br />following resolution and moved its adoption: y/ '-I <br />If{ €So [ '10 / I 0 "j <br /> <br />RESOLUTION AWARDING SALE OF <br />$1,595,000 TEMPORARY IMPROVEMENT BONDS <br /> <br />A/~ I .~-7"or' <br /> <br />OF 1970 <br /> <br />BE IT RESOLVED by the Village Council of the Village of Rosevil1e, <br />Minnesota, that the bid of The First National Bank of Saint Paul <br />of st 0 Pa ul , Minne sota , and associates named therein, to purchase <br />$1,595,000 Temporary Improvement Bonds of 1970 of the Village to be dated May 1, <br />1970. and to be issued as specified in the notice of sale heretofore published, is <br />hereby found and declared to be the bid most favorable to the Village received <br />pursuant to due notice, and should be and is hereby accepted, said bid being to <br />purchase the bonds at a price of $1.S70,915oS0and accrued interes~~~~lN~~nds to <br />bear interest at the rate of 5.50 % per annum. The Chairman and'~ are author- <br />ized and directed to endorse an acceptance on said bid and on a copy thereof, and <br />to return such copy to the bidder. The Treasurer is directed to retain the good <br />faith check of said bidder pending completion and delivery of the bonds, and the <br />good faith checks of other bidders shall be forthwith returned to them. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded <br /> <br />by Member <br /> <br />Grauel <br /> <br />, and upon vote being taken thereon, the following voted <br /> <br />in favor thereof: All <br /> <br />and the following voted against the same: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br />