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Extract of Minutes of Meeting of the <br />City Council of the City of Lake Elmo, Minnesota <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Lake Elmo, Minnesota, was duly held at City Hall in said City on Wednesday, November 3, <br />2021, commencing at 7:00 o'clock P.M. <br />The following members were present: KAA40Y N-� l . ._d i b�ul <br />and the following were absent: K)OtJG <br />The Mayor announced that the next order of business was the consideration of the <br />proposals which had been received for the purchase of the City's $21,985,000 General Obligation <br />Improvement, CIP and Refunding Bonds, Series 2021A. <br />The City Finance Director presented a tabulation of the proposals which had been received <br />in the manner specified in the Notice of Sale of the Bonds. The proposals are summarized on <br />Exhibit A attached hereto. <br />The following resolution was introduced by Member J1 (1 who moved its <br />adoption: <br />LA515-85-748617.v2 <br />