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Members present: <br />Iembers Absent: <br />PROCEEDINGS CF TUE VILLAGE COUNCIL <br />VILLAGE OF KOUIIDS VIETI <br />RIUiSEY COUNTY <br />!INNESOTl. <br />Mayor Allan B. Crane <br />Clerk Earl E. Smith <br />Trustee Donald C. Hodges <br />Fiscal Agent Robert Ehlers <br />En:,inoor C. V. Comstock <br />Trustee Melford C. Christenson <br />Perry Malvin <br />Pursuand to duo call and notice thereof, a special Meeting of <br />the Village Council */as called to ardor at 8:02 P.N. on 'Tuesday, <br />October 18, 1960 at the Villa ;o Office, 5499 Adams St., New Drirhton <br />12, Minnesota. <br />Mayor Crane opened the mooting and announced that a quorum of <br />three members was present and called for bids on the sale of bonds <br />for Slater Works Improvement Projects 1960 -2, 1960 -3 and additional <br />expense incurred under Project No. 1960 -1, in the amount of <br />3585,000.00. Mayor Crane then called for bids a second time and <br />thereupon announced that the bids were closed. <br />1r. Ehlers, the Fiscal Agent for the Village, opened the bids <br />and announced the cont;nts of each bid as follows: <br />Bid Ile. 1 Allison filliar s Co. <br />Bid containing a net interest cost of <br />7 and net interest rate of 4.3415%. <br />Bid No. 2 3arcus Z_indred Co. <br />Net interest cost of 3253,195.00 with a net <br />interest rate of 4.5022 <br />Third Last aid John Nuveen and Company <br />Net interest cost of 3244,621.25 and a net <br />interest rate of 4.3498 <br />Iir. Ehlers, t Fiscal Agent, then computed the figures con- <br />tained in each bid to determine the accuracy and completeness of <br />the bids and declared the results to the Council. From these con <br />putations Mayor Crane announced that the firm of Allison Williams <br />Company had placed the lowest bid for the sale of the aforementioned <br />bonds. <br />