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32 <br /> It was reported that (_�proposals for the purchase of <br /> the $1,160,000 General Obligation Improvement Bonds, Series 2001B of the City (the "Bonds") <br /> in accordance with-the Terms of Proposal.for the sale of the Bonds approved by the City Council . <br /> by Resolution 01-045 adopted March 13, 2001. The bids have been opened, read and tabulated, <br /> and the terms of each were found to be as follows: <br /> Bidder Purchase Price Interest Rates Net Interest Cost <br /> (See Attached) <br />