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,. <br />` .~, <br />~ ~~ <br />• EXTRACT OF MINUTES OF MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />FALCON HEIGHTS, MINNESOTA <br />HELD: AUGUST 31, 1983 <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 31st day of August, 1983, at 7:30 P.M. <br />for the purpose of opening, considering bids for and awarding <br />the sale of $525,000 General Obligation Tax Increment <br />Improvement Bonds of 1983 of said City. <br />The following members were present: Members Chestovich, <br />Ciernia and Larson <br />and the following were absent: Mayor Warkentien, :+Iember Eggert <br />The Clerk-Administrator presented affidavits showing <br />• publication of notice of call for bids on $525,000 General <br />Obligation Tax Increment Improvement Bonds of 1983 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 />July 19, 1983. The affidavits were examined, found to comply <br />with the provisions of Minnesota Statutes,. Chapter 475, and <br />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 />n <br />U <br />