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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 the <br />City of Orono, Minnesota, was duly held at the City Hall in the City, on Monday, <br />December 11,1995 at o’clock P.M. <br />The following members w'ere present: <br />and the following were absent; <br />* * *♦♦ ♦ ♦ <br />The Mayor announced that the meeting was convened for the purpose of considering <br />proposals for the purchase of $1,910,000 General Obligation Refunding Bonds of 1995 <br />♦ ★ ♦♦ ★ ♦* 4( <br />The City Clerk then presented the proposals received prior to 12:00 o’clock Noon <br />pursuant to the Terms of Proposal for the General Obliuation Refundmu Bonds of 1995 <br />1 hese were examined and found to be as follows; <br />Name of Bidder Interest Rates Purchase Price