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� �. <br /> � . VILLAGE OF ORONO <br /> • <br /> Regular AZeeting of the Village Council, 7:30 P,i3. <br /> �ugust 27, 1974 <br /> � The Village Council met on the above date <br /> � with the following members present: I•Zayor <br /> Searles, Councilmen Butler, Paurus, and <br /> � t-�Ielsh. Councilman P�Iassengale absent. <br /> • <br /> Butler moved, Searles seconded, to approve P�INUTES <br /> � the August 13, 1974 FTinutes as amen�ed: r�r, <br /> � Brad Van Nest, Planning Commission member, <br /> displayed maps showing the various Planned <br /> � Use areas in the Village of Orono. r�Iotion, <br /> Ayes (4) - Nays (0) . <br /> • <br /> ! T2ayor Searles announced that the meeting BOI3D SALE <br /> ' was convened for the purpose of receiving Sewer Project 73-1 <br /> sealed bids for the purchase of $1,700,000 <br /> � General Obligation Bonds of 1974 as advertised <br /> for sale. The City Clerk presented <br /> � Affidavits showing Publication of a Notice <br /> of Sale in the official newspaper and in the <br /> • Commercial t�lest, which affidavits t��ere <br /> examined and found satisfactory and ordered <br /> �laced an fileo <br /> • <br /> • The City Clerk then presented the sealed bid <br /> received prior to the time of sale. The bid <br /> � was opened, examined, and found to be as <br /> � follows: <br /> Namea First National Bank of ��iinneanolis & <br /> � Allison-`^�illiams Company as co- <br /> � managers & Assoc. <br /> Interest Rate: 6.91679� <br /> � Purchase Price: $1,669,400 <br /> • <br /> L�elsh nloved, Butler seconded, to adopt RESOLUTION #551 <br /> • Resolution ;�551 awarding sale of $1,700,000 Bond Sale <br /> � General Obligation Im�rovement Bonds of 1974 First 1�Tational Bank of <br /> to First iJational Bank of I•iinneapolis e l�Zinneapolis <br /> � iiotion, Ales {4) - Nays (0) . <br /> • <br /> Butler moved, Searles seconded, to adopt RESOLUTION �552 <br /> � Resolution ;�552 ratifying sale of $1,700,000 Execution & Delivery <br /> General Obligation Improvement Bonds of 1974 Bond Sale <br /> � ixing the form and specifications thereof <br /> �roviding for their execution of delivery <br /> and creating a fund for th�ir payment. <br /> � T�otion, Ayes (4) - Isays (0) . <br /> ! <br /> � <br />