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<br />\. t. <br />~/ ". <br /> <br />. <br /> <br />. <br /> <br />f <br /> <br />~?U. 77-/0 <br /> <br />EXTRACT OF MINUTES OF NEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />ARDEN HILLS, MINNESOTA <br /> <br />HELD: FEBRUARY 14, 1977 <br /> <br />Pursuant to due call and notice thereof, a ....-1.. <br />meeting of the City Council of the City of Arden Hills, Ramsey <br />County, Minnesota, was duly held at the City Hall in said City <br />on the 14th day of February, 1977, at 8:00 o'clock P.M. for the <br />purpose of opening and considering bids for and awarding the <br />sale of $500,000 General Obligation Refunding Bonds of 1977 <br />of said City. <br /> <br />The following members were present: __ C.......... <br /> <br />C!.milTl~ Cd.__",SV---.a., WiaI.-t ... "ll~",". <br /> <br />and the following were absent: ...... <br /> <br />The Clerk presented affidavits showing publication <br />of notice of call for bids on $500,000 General Obligation <br />Refunding Bonds of 1977 of the City, for which bids were to . <br />be received at this meeting, in" accordance ~lith t..~e resolution <br />adopted by the City Council on January 3, 1977. Said affi- . <br />davits were examined, found to comply with the provisions <br />of Minnesota Statutes, Chapter 475, and. were approved and <br />ordered placed on.file. <br /> <br />The Council proceeded to receive and open bids for <br />the sale of said bonds. The "following bids were received: <br /> <br />Bidder <br /> <br />In;:erest Rate <br /> <br />Net Interest Cost <br /> <br />'1M run aU..l ...... of ...... ...,. <br /> <br />4.... 1'71- 1.. <br />4.111' 111I - 1116 <br />4.'. I.' <br />-I.,. 1_ <br />IU <br />.1M....'." za.... <br />4.1'" at. _.~t. <br />4._ 1'" - lta <br />4." 1.1 -1116 <br />4.'. 1.' <br />4.'" 1_ <br />IU <br />1111....... za...... <br />4.110* .. zat.e...., <br /> <br />IILlta. weld . co. <br />