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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 />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Lino Lakes, Anoka County, was duly held in the City Hall in said City on Monday, October <br />23, 2006, commencing at 6:30 P.M. <br />The following members were present: <br />Carlson, O'Donnell, Reinert, Stoltz, Bergeson <br />and the following were absent: <br />* * * <br />The Mayor announced that the next order of business was consideration of the proposals <br />which had been received for the purchase of the City's approximately $1,745,000 General <br />Obligation Water Revenue Refunding Bonds, Series 2006F. <br />The City Administrator presented a tabulation of the proposals which had been received <br />in the manner specified in the Terms of Proposal of the Bonds. The proposals were as set forth <br />in Exhibit A attached. <br />After due consideration of the proposals, Member Reinert then <br />introduced the following written resolution, the reading of which was dispensed with by <br />unanimous consent, and moved its adoption: <br />299374v2 SJB LN140 -97 <br />