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.. • � �: . <br /> • RESOLUTION #2676 <br /> � determined by adding the amount of any discount ($2,300, 000 <br /> less amount of purchase price) to, or subtracting the amount of <br /> any premium (excess of purchase price over $2,300, 000) from, <br /> the total interest from the date of the bonds to stated <br /> maturities. <br /> � �The City Council reserves the right to reject any and <br /> � all bids, to waive any informality in any bid and to adjourn <br /> the sale. , <br /> Dated: August 14, 1989 . <br /> . BY ORDER OF THE CITY COUNCIL <br /> Further information may be <br /> obtained from the financial <br /> consultant: <br /> Ehlers and Associates, Inc. <br /> 2950 Norwest Center <br /> • 90 South Seventh Street <br /> Minneapolis, MN 55402-4100 <br /> (612) 339-8291 <br /> 3 . A brief notice of bond sale shall be published in <br /> the official newspaper of the City and in the Northwestern <br /> Financial Review, a financial paper published in Minneapolis, <br /> Minnesota, which notice shall identify the following: the <br /> principal amount of the bonds, the years during which the bonds <br /> mature, the time and place of receipt and consideration of <br /> bids, the approving legal opinion of Faegre & Benson of <br /> Minneapolis, Minnesota, and the name of the Financial <br /> Consultants. <br /> 4 . The maturities of the bonds are hereby combined <br /> with the maturities of all other general obligation bonds of <br /> the City for purposes of compliance with the maturity <br /> requirements of Minnesota Statutes, Section 475. 54 . <br /> The motion for the adoption of the foregoing <br /> resolution was duly seconded by Member J. Diann Goettenand <br /> upon vote being taken thereon the following voted in favor <br /> thereof: Mayor Grabek and Councilmembers Goetten, Peterson <br /> • and C:e.11��han. <br /> � -5- - <br />