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r <br />• <br />• <br />t~ESOLU~'IOTv' 54-39 <br />EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />FALCON HEIGHTS, MINNESOTA <br />HELD: November 5, 1984 <br />Pursuant to due call and notice thereof, a special <br />meeting of the City Council of the City of Falcon Heights, <br />Ramsey County, Minnesota, was duly called and held at the City <br />Hall in said City on the 5th day of November, 1984, at 7:00 <br />P.M. for the purpose of opening, considering bids for and <br />awarding the sale of $600,000 General Obligation Tax increment <br />Bonds of 1984, Series B of said City. <br />The following members were present: Ronald Eggert, <br />Rice' Chestovich, Paul Ciernia,Stephen Hard, Thomas Baldwin <br />and the following were absent: None <br />The Clerk-Administrator presented affidavits showing <br />publication of notice of call for bids on $600,000 General <br />• Obligation Tax Increment Bonds of 1984, Series B of the City, <br />for which bids were to be received at this meeting, in <br />accordance with the resolution adopted by the City Council on <br />October 10, 1984. The affidavits were examined, found to <br />comply with the provisions of Minnesota Statutes, Chapter 475, <br />and were approved and ordered placed on file. <br />The Council proceeded to receive and open bids for <br />the sale of the bonds. The following bids were received: <br />Bidder Interest Rate Net Interest Cost <br />See attached "Bid Tabulation" <br />• <br />