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1 <br />4854-7635-7637.1 <br />Extract of Minutes of Meeting of the <br />City Council of the City of Orono <br />Hennepin County, Minnesota <br />Pursuant to due call and notice thereof, a special meeting of the City Council of the City <br />of Orono, Minnesota, was duly held at the City Hall in the City, on Monday, December 13, 2021, <br />at 6:00 o’clock P.M. <br />* * * * * * * * * <br />The Mayor announced that the meeting was convened for the purpose of considering <br />proposals for the purchase of $16,000,000 General Obligation Capital Improvement Bonds, Series <br />2021A. <br />* * * * * * * * * <br />It was reported that _______ proposals for the purchase of the City’s General Obligation <br />Capital Improvement Bonds, Series 2021A (the principal amount being subject to adjustment in <br />accordance with the Terms of Offering), had been received prior to 10:00 a.m., Central Time, <br />pursuant to the Terms of Offering contained in the Preliminary Official Statement dated December <br />2, 2021; and that the proposals had been opened, read and tabulated.