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Extract of Minutes of Meeting <br />of the City Council of the City of <br />Lino Lakes, Anoka County, Minnesota <br /> <br /> <br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of Lino <br />Lakes, Minnesota, was duly held was held in the City Hall in said City on Monday, June 8, 2020, <br />commencing at 6:30 P.M. <br /> The following members were present: <br /> <br />and the following were absent: <br /> <br />* * * * * * * * * <br /> <br /> The Mayor announced that the next order of business was consideration of the proposals which <br />had been received for the purchase of the City’s General Obligation Utility Revenue Bonds, <br />Series 2020A, to be issued in the original aggregate principal amount of $4,800,000. <br /> The City Administrator presented a tabulation of the proposals that had been received in the <br />manner specified in the Terms of Proposal for the Bonds. The proposals were as set forth in EXHIBIT A <br />attached hereto. <br /> After due consideration of the proposals, Member ________ then introduced the following <br />written resolution, the reading of which was dispensed with by unanimous consent, and moved its <br />adoption: