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<br />5. The City Clerk is hereby authorized and directed to return forthwith to all bidders the <br />deposits made 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 /> <br />ADOPTED BY THE LAKE ELMO CITY COUNCIL ON THE SIXTH DAY OF MAY, 2025. <br /> <br />CITY OF LAKE ELMO <br /> <br /> <br />By: __________________________ <br /> Charles Cadenhead <br />(Seal) Mayor <br />ATTEST: <br /> <br />________________________________ <br />Julie Johnson <br />City Clerk