Laserfiche WebLink
� � . <br /> CITY OF ORONO <br /> Special Meeting of the Orono Council, 7 :00 P .M. <br /> Bond Sale for 1980-LS-1 & LS-2 <br /> November 12 , 1980 <br /> The Orono Council met on the above date with the <br /> following members present: Mayor Van Nest, Council- <br /> members Butler, Hannah, Hurr, and Paurus. Also <br /> present: City Administrator Benson, City Planner � <br /> Olson, City Finance Director Kuehn, City Attorney <br /> Malkerson, and City Financial Consultant Chenowith. <br /> The Mayor announced that the meeting was convened BOND SALE <br /> for the purpose of receiving sealed bids for the <br /> purchase of up to $1, 100 ,000 General Obligation <br /> Improvement Bonds 'of 1980 , as advertised for sale . <br /> The City Clerk presented affidavits showing publication <br /> of the notices of sale in the official newspaper and <br /> in Commercial West, which affidavits were examined <br /> and found satisfactory and ordered placed on file. <br /> The City Clerk then presented the sealed bids received <br /> prior to 7 :00 P.M. pursuant to the notice of sale for <br /> the General Obligation Improvement Bonds of 1980 . <br /> These were opened and examined and found to be as follows: <br /> Name of Bidder Net Interest Rates Purchase Price <br /> Allison Williams Co. 8 . 22445270 $1,082 . 510 .00 <br /> Juran & Moody, Inc. 8 . 40034� $1 ,079 , 540 .00 <br /> First National Bank of 8 . 464$ $1,079 , 496 . 00 <br /> Minneapolis <br /> Hurr moved, Butler seconded, to adopt Resolution RESOLUTION #1228 <br /> #1228 , A Resolution Awarding Sale Of $1, 100 , 000 Bond Sale Award <br /> General Obligation Improvement Bonds Of 1980 Allison Williams Compa <br /> Fixing The Form And Specifications Thereof, <br /> Providing For Their Execution And Delivery And <br /> Levying Taxes For Their Payment To Allison <br /> Williams Company for $1, 082 , 510 .00 . Motion, <br /> Ayes (5) - Nays (0) . <br /> Butler moved, Mayor Van Nest seconded, that the ADJOURNMENT <br /> meeting be adjourned at 7 : 20 P.M. Motion, <br /> Ayes (5) - Nays (0) . <br /> � � � � <br /> �' , ; �� <br /> _ r / „ i�� ``,. <br /> Wi liam B. Van Nest, Mayor <br /> � <br /> Attest: <br /> Walter . Benson, City Administrator <br />