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R-76-14 <br />CITY OF LAKE ELMO <br />WASNINGTON COUNTY, MINNESOTA <br />A RESOLUTION ACCEPTING BIDS FOR.SAM IN ADVANCE <br />REFUNDING OF 1974 GENERAL OBLIGATION PARK BOND ISSUE <br />WMMAS, The City Council has heretofore authorized the advance refunding of <br />$739,000.00 General Obligation Park Bonds issued in 1974; and <br />WHEREAS, bids have been received for the purchase of said refunding bonds and <br />the bid of Allison -Williams and Dain, Kalman and Quail, Inc. being the low bid in <br />that it is a bid of a net interest rate to the City of 5.9573 per cent, is hereby <br />accepted and sale of the refunding bonds to said low bidder, Allison -Williams and <br />Dain, Kalman and Quail, Inc. is hereby authorized. <br />NOW, THEREFORE, BE IT RESOLVED, that the City's fiscal agent, Juran & Moody, <br />Inc. and the Mayor and Clerk are authorised and directed to proceed with the closing <br />of the sale. <br />Adopted by the City Council this 20th day of April, 1976. <br />MAYNARD L. EDP�R <br />Maynard L. Eder, Mayor <br />Attests <br />DONALD MEHSIKOMER <br />Donald Mehsikomer, Clerk— <br />