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5. The City Clerk is hereby authorized and directed to return forthwith to all bidders the <br />deposits trade with their bids, except that the deposits of the successful bidder and the next <br />two lowest bidders shall be retained until a contract has been signed. <br />ADOPTED BY THE LAKE ELMO CITY COUNCIL ON THE SIXTH DAY OF MAY, 2025. <br />CITY OF LAKE ELMO <br />(Seal) <br />ATTEST: <br />uli John n <br />Clerk <br />By: i - <br />Charles Cadenhead <br />Mayor <br />