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I <br />i • <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 regular meeting of the City Council <br />of the City of Orono, Minnesota, was duly held at the City Hall in the City, on Tuesday, <br />December 13,2004 at 7:00 o’clock P.M. <br />The following member^ were present: <br />and the following were absent: <br />* * ** * ** * * <br />The Mayor announced that the meeting was convened for the purpose of <br />considering proposals for the purchase of $920,000 General Obligation Improvement <br />Refunding Bonds, Series 2004B. <br />* * ** * *« • * <br />Tlie City Clerk then presented the proposals received prior to 12:00 o’clock <br />Noon pursuant to tlie Terms of Proposal for the General Obligation Improvement Refunding <br />Bonds, Series 2004B. These were examined and found to be as follows: <br />Name of Bidder Interest Rates <br />SEE ATTACHED <br />Purchase Price