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Bids received <br />Sale held at 11:00 AM this morning <br />•Seven bids representing 31 financial institutions <br />–Low bid from Baird & Company (and syndicate) <br />•True Interest Cost <br />–Estimate in Recommendations dated October 1, 2018 <br />was 3.19% <br />•Built in 15 basis points of contingency <br />–Actual low bid is 3.14% <br />–Bids ranged from 3.14% to 3.26% <br />3