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-2- <br />Motion by Blanchard to adopt Resolution 168 awarding the <br />Sale of $1,575,000 General Obligation Temporary Improvement Bonds of the <br />Village to be issued pursuant to Minnesota Statues, Section 429.091, <br />Subdivision 3 for the purpose of financing part of the cost of a <br />Sanitary Sewer Improvement to American National Bank. Its bid of a net <br />3.14986 with the Total net interest cost to be $99,219.75 was declared <br />the lowest by the Bond Consultant. Seconded by La Vaque. 5 Ayes. <br />Motion Carried. <br />Motion by La Vaque to adopt Resolution 169 a Resolution <br />to establish the Form of the $1,575,000 Sewer Improvement Bonds. <br />Seconded by Rusted. 5 Ayes. Motion Carried. <br />Motion by Rusted to adjourn. Seconded by Blanchard. 5 Ayes. <br />Motion harried. <br />Meeting adjourned at 9:30 P.M. <br />Rtfu ubm ted <br />Res <br />P ul E. Boog <br />Adm. Clerk <br />Village of Mounds View <br />0u008 <br />