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Resolution 551
Extract of Minutes of Meeting of the City Council of the City of Orono, Hennepin County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Orono, Minnesota, was duly held at the City Nall in said City on Tuesday, the 27th day of August, 1974, at 7:30 o'clock P.M. The following members were present: Robert L. Searles, Mary C. Butler, Norman W. Paurus and Gary W. Welsh; and the following were absent: Walter B. Massengale The Mayor announced that the meeting was convened for the purpose of receiving sealed bids for the purchase of $1,700,OQ0 General Oligation Improve- ment Bonds of 1974 as advertised for sale. The City Clerk presented affidavits showing publication of a notice of sale in the official newspaper and in'Commer- cial'West, which affidavits were examined and found satisfactory and ordered placed on file. .The City Clerk then presented the sealed bids received prior to the time of sale. These were opened, examined and found to be as follows: TFT INTE•RF ST COST ' ;A�-tc': OF B' DDr-R RA TES YEARS & RATE PRICE DST NATIONAL B,",�1K OF i1i'J`iEAPOLIS 6.70/ 19 -17181 $1 ,2i 7,731 .25 $1 ,669,400.00 LIS0'1-6JiLLI AS COMPAiIY 6.75°, Odin, Kalman & Quail, Inc. 6.91679 iNinneapol is, �Ninnesota First Naticnal Bank r)` St. Paul St., Paul, iIinnesota riper, Jaffray & Hopwood Inc. ,� forthwzst n & tMarcotte, Inc. ,:,ore, Juran & Company ',obert W. Baird & Co., Inc. Minneapolis, i;innesota ,fter due considera i. ,esolution and moved zits ai , RESOLUTION' $1,700;'000'( IMPROV.EMEI 3E !T -RESOLVED by th'e' City' Id 1. The bid of ati Minneapolis, Minne*s'qta,;' . _a General..Obligation Improv of sal6';,is hereby..d6termi, yor , a n'd! 6i ty Clerk'a're'her the . successful bidder,",'ab aith checks of any,ups�uq,e, x 2. The form of suchiI,boRds s set forth in,Ordinancej lerk is,: authorized ito. .'taus denominations and Jden'tii bidder.'.' 4f Pity erk The motion,"for.the adopt . by CoUncl man Bugler ..,-;Searles, Butl er a'U r"U'S 0 ow i n g . voted N 0': 6 r' ►ie said 'fesolution way dec l E , 4,1 t lei ZI 4 "AK: '4" ns . . 4 � - - , �, . . -;�Y I I . . I � I . . I I*,, "", 4 - �, - ..�� �3,1-, _Y;V, . , I - '.., �il . 11 . -!,S� ..., .. . �'. ,� 4 , - .; - ,' - -,,4' If., : I . f'-' � , , . .. I I . I �: .." ,,, � 'i ;�,�� , '4 � ', I i I , , , � I - I . � � � . . �, .'.,,��!',,� _ I . ?,� �tj�j�",'� � , ),, .." - , i'lg*.; , ��!�I_ �, � W . � I . I . I � ) s� -,� ; ��r -j� I � . I . I V,; , _'� �., 1,� 1, �1. . I . I . �., z%,,w '. P, +,K��.&�':,, !�;,��4� - - , 441.,!,P ,,-;.� ,4 . - , I I . I I . I . I . . , I .1 � I I .1 . . ,� ., �1194,4.4,1z, � I '.1 , : I .. . � I . .., �... . ., � 11 -. I , - .1, . : .. .11, . - . _3 0 , , �i,7� 7�,'. ,., I I 11 . r . .� '. " , .. .111 '�' - k�,,',� � � . 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