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It was reported that (_)proposals for the purchase of the $725,000 <br /> General Obligation Improvement Bonds, Series 1998A of the City (the "Bonds") in accordance <br /> with the Terms of Proposal for the sale of the Bonds approved by the City Council by Resolution <br /> 98- �3 2, adopted February 10, 1998. The bids have been opened,read and tabulated, and the <br /> terms of each were found to be as follows: <br /> idder Purchase Price Interest Rates Net Interest Cost <br /> (See Attached) <br />