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i <br /> ORONO COUPJCIL PZEETING HELD JUNE 28, 1976 Page 2 <br /> � 1. The bid of Allison-Wi].liams Company and the First RESOLUTICN #692 <br /> � National Bank of rZinneapolis, in A4inneapolis, �sinne- Boncl Sale <br /> sota, to purchase $2,635,000 General �bligation <br /> t Refunding Bonds of 1976, dated August 1, 1g76, <br /> bearing interest as followso <br /> e <br /> . Rate Y�ar Rate Year <br /> 5�0 75� �977/82 5.75� �5�8$ <br /> � 5e5tl� �.9II3/86 5e90a �89 <br /> • 5e60� 1987 6.00� l��b�91 <br /> � is hereby accepted, said bid being to purchase <br /> said bonds at a price of $2,635,000.00, arld the <br /> a Mayor and City Clerk-Administrator ar� directed <br /> to execute a contract with the purchaser on <br /> � behalf of the Cityo The good faith check o£ the <br /> successful bidder shall be retained by the <br /> i Treasurer until the bonds are executed and <br /> • delivered and all checks of unsuccessful bidders <br /> shall be returned forthwith. <br /> � 2, The form of such bonds and the interest <br /> � coupons to be thereto attached, which form is <br /> before this meeting is hereby approved and the <br /> � City Clerk-Administrator is authorizec� to cause <br /> � to be prenared printed bonds in the denominations <br /> and identifying the bank of payment specified <br /> � by the successful bidder. <br /> � 3e As authorized by the terms of the City's <br /> Improvement Bonds of 1974, dated September 1, <br /> � 1974, Improvement Bonds of 1970, Series A, dated <br /> August 1, 1970, and Improvement Bonds 1970, <br /> � Series B, dated August 1, 1970, and the City <br /> , Council resolutions fixing the terms of said <br /> Bonds, the following honds of said issues are <br /> � hereby Called for redemption and prior payment <br /> at the c�ates and prices as followso <br /> � Call Price <br /> Name (Date) I4aturities Call (� of par plus <br /> of Issue of Bonds Called Date accrued interest) <br /> S Improvement Bonds 1985 to 1991., 3/1/g4 100� <br /> � of 1974 (9/1/74) inGlusive <br /> � Improvement Bonds 1979 to 1986, 2/1/78 101 1/2� <br /> � of 1970, Series A inclusive <br /> (8/1/70) <br /> � Improvement Bonds 1979 to 1987, 2/1/78 101 1/2g <br /> � of 1970, Series B inclusive <br /> (a/1/70) <br /> 1 <br /> . said Call Date being the earliest dates the bonds <br /> of such issues may be called for redemption. <br /> (Continued) <br />