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Extract of Minutes of Meeting <br />of the Lino Lakes Economic Development Authority <br />Pursuant to due call and notice thereof, a meeting of the Lino Lakes <br />Economic Development Authority was duly held in the City Hall in said City on Monday, June <br />22, 1998, commencing at 6:00 o'clock P.M. <br />The following members were present: <br />and the following were absent: <br />* * * <br />The President announced that the next order of business was consideration of the proposals <br />which had been received for the purchase of the Authority's $5,350,000 Lease Revenue Bonds, <br />Series 1998A (City of Lino Lakes, Minnesota Lease Obligation). <br />The Executive Director presented a tabulation of the proposals which had been received <br />in the manner specified in the Terms of Proposal of the Series 1998A Bonds. The proposals <br />were as follows: <br />BMB144999 <br />LN140 -60 <br />