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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 <br />Council of the City of Orono, Minnesota, was duly held at the City Nall in said <br />City on Tuesday, the 27th day of August, 1974, at 7:30 o'clock P.M. <br />The following members were present: Robert L. Searles, Mary C. Butler, <br />Norman W. Paurus and Gary W. Welsh; <br />and the following were absent: Walter B. Massengale <br />The Mayor announced that the meeting was convened for the purpose of <br />receiving sealed bids for the purchase of $1,700,OQ0 General Oligation Improve- <br />ment Bonds of 1974 as advertised for sale. The City Clerk presented affidavits <br />showing publication of a notice of sale in the official newspaper and in'Commer- <br />cial'West, which affidavits were examined and found satisfactory and ordered <br />placed on file. <br />.The City Clerk then presented the sealed bids received prior to the <br />time of sale. These were opened, examined and found to be as follows: <br />TFT INTE•RF ST COST ' <br />;A�-tc': OF B' DDr-R RA TES YEARS & RATE PRICE <br />DST NATIONAL B,",�1K OF i1i'J`iEAPOLIS 6.70/ 19 <br />-17181 $1 ,2i 7,731 .25 $1 ,669,400.00 <br />LIS0'1-6JiLLI AS COMPAiIY 6.75°, <br />Odin, Kalman & Quail, Inc. 6.91679 <br />iNinneapol is, �Ninnesota <br />First Naticnal Bank r)` St. Paul <br />St., Paul, iIinnesota <br />riper, Jaffray & Hopwood Inc. <br />,� forthwzst <br />n & tMarcotte, Inc. <br />,:,ore, Juran & Company <br />',obert W. Baird & Co., Inc. <br />Minneapolis, i;innesota <br />