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4® <br /> It was reported that U proposals for the purchase of <br /> the$1,500,000 General Obligation Improvement Bonds, Series 2002A 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 02- , adopted February 12,2002. The bids have been opened, read and <br /> tabulated, and the terms of each were found to be as follows: <br /> Bidder Purchase Price Interest Rates Net Interest Cost <br /> (See Attached) <br />