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1 LA515-142-950087.v1 <br />Extract of Minutes of Meeting of the City Council of the City of Lake Elmo, Minnesota <br /> <br /> Pursuant to due call and notice thereof, a regular meeting of the City Council of the City <br />of Lake Elmo, Minnesota, was held at City Hall in the City on Tuesday, July 16, 2024, <br />commencing at 7:00 P.M. <br /> The following members were present: <br /> <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 $5,050,000 General Obligation <br />Improvement and Water Revenue Bonds, Series 2024A. <br /> The City Finance Director presented a tabulation of the proposals that had been received <br />in the manner specified in the Notice of Sale for the Bonds. The proposals are summarized on <br />Exhibit A attached hereto. <br /> The following resolution was introduced by Member ____________ who moved its <br />adoption: