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r <br />5 i <br />‘rir- <br />c.. <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 of <br />the City of Orono, Miimesota, was duly held at the City Hall in the City, on Monday, June 23, <br />1997 at 7:30 o’clock P.M. <br />The following members were present: <br />and the following were absent: <br />♦ ♦ ♦* * *♦ ♦ ♦ <br />The Mjtyor announced that the meeting was convened for the purpose of considering <br />proposals for the purchase of $1,760,000 General Obligation Improvement Bonds, Series <br />1997. <br />* ** * *♦ ♦ ♦ <br />The City Clerk then presented the proposals received prior to 11:00 o’clock <br />A M. pursuant to the Terms of Proposal for the General Obligation Improvement Bonds, <br />Series 1997. These were examined and found to be as follows: <br />Name of Bidder Interest Rates Purchase Price <br />Attached