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bid for the Bonds; and it is further found, determined and <br />declared that this City should issue the Bonds. <br />2. Meeting: Bid Opening. This City Council shall meet <br />at the time and place specified in the Terms of Proposal attached <br />hereto as Exhibit A for the purpose of considering sealed bids <br />for, and awarding the sale of, the Bonds. The Administrator, or <br />his designee, shall open bids at the time and place specified in <br />such Terms of Proposal. <br />3. Notice of Bond Negotiation. Springsted is hereby <br />authorized and directed to cause notice of said meeting to be <br />published in accordance with their recommendations. <br />4. Terms of Proposal,. The terms and conditions of the <br />Bonds and the negotiation thereof are fully set forth in the <br />"Terms of Proposal" attached hereto as Exhibit A and hereby made <br />a part hereof. <br />5. Competitive Negotiation: Official Statement. In <br />connection with said competitive negotiation, the Administrator, <br />Assistant Administrator, Deputy Clerk and other officers or <br />employees of the City are hereby authorized to cooperate with <br />Springsted and participate in the preparation of an official <br />statement for the Bonds, and to execute and deliver it on behalf <br />of the City upon its completion. <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by member and, after full <br />discussion thereof and upon a vote being taken thereon, the <br />following voted in favor thereof: <br />and the following voted against the same: <br />Whereupon said resolution was declared duly passed and <br />adopted. <br />24933 <br />Page 3 <br />