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Hornblower and Weeks Hemphill, Noyes <br />Chicago, Illinois <br />Juran and Moody, Inc. <br />St. Paul, Minnesota <br />Kalman and Company, Inc. <br />Minneapolis, Minnesota <br />Paine, Webber, Jackson and Curtis <br />Boston, Massachusetts <br />Piper, Jaffray and Hopwood <br />Mi.nnoz pois, Minnesota <br />Sherson, Hammill and Co., Inc. <br />New York, New York <br />Caldwell Phillips, Inc. <br />St. Paul, Minnesota <br />Channer Newman Securities Company <br />Chicago, Illinois <br />E. J. Prescott and Company <br />Woodard - Elwood and Company <br />Minneapolis, Minnesota <br />4.40% 1969 through 1981 <br />4.50% 1982 through 1985 <br />4.60% 1986 through 1990 <br />4.70% 1991 through 1996 <br />plus additional interest at <br />the r T;te of 1.20% per annum <br />on all. bonds from October 1, <br />1966 to January 1, 1968. <br />$2,640,000.00 <br />Net Rate: <br />4.67166% <br />Member Rustad then introduced the following resolution and <br />moved its adoption: <br />RESOLUTION # 241 <br />RESOLUTION AWARDING SALE OF $2,640,000 <br />IMPROVEMENT BONDS OF 1966 <br />BE IT RESOLVED by the Council of the Village of Mounds View, <br />Minnesota, that the bid of Miller and Schroeder, Inc. of Minneapolis, <br />Minnesota to purchase $2,640,000 Improvement Bonds of 1966 of the <br />Village of Mounds View to be dated July 1, 1966 in accordance with the <br />notice of sale heretofore duly issued by the Village, is hereby found <br />and declared to be the highest and best bid received for the purchase <br />of said bonds, and should be and is hereby accepted, said bid being <br />to purchase said bonds at a price of par and accrued interest plus a <br />premium of $300.00, the bonds maturing in the years shown below to bear <br />interest at the respective rates per annum shown opposite the years <br />of maturity, as follows: <br />Maturity Years Interest Rate <br />1969 through 1976 <br />1977 through 1986 <br />1987 through 1996 <br />4.30% <br />4.50% <br />4.60% <br />