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I <br /> I CITY COUNCIL MEETING <br /> 2 DECEMBER- 13, 1993 • <br /> 3 PAGE 8 <br /> 4 <br /> 5 Motion carried unanimously. <br /> 6 <br /> 7 C. Resolution 93-071 re: Award Bid for Sale of $215. 000 <br /> 8 Bonds. <br /> 9 <br /> 10 Motion by Wagner and seconded by Marks to approve Resolution <br /> 11 93-071 for the bid .award. <br /> 12 <br /> 13 The Mayor said the City still has the A-1 rating and has <br /> 14 been able to maintain that rating for the past three years <br /> 15 which enabled the City to sell the bonds at 4% . <br /> 16 <br /> 17 Bob Thistle, Vice President of Springsted, Inc. financial <br /> 18 consultants, said the refund of the 1985 issue will save the <br /> 19 City almost $30, 000 . He recommend the City Council <br /> 20 authorizing the issuance and award the sale to John G. <br /> 21 Kinnard & Company. <br /> 22- <br /> 23 The City Manager wished to thank Mr. Thistle for alerting • <br /> 24 the City to this and saving them money. <br /> 25 <br /> 26 Motion carried unanimously. <br /> 27 <br /> 28 X. UNFINISHED BUSINESS. <br /> 29 <br /> 30 None . <br /> 31 <br /> 32 XI. ADJOURNMENT. <br /> 33 <br /> 34 Motion by Marks and seconded by Enrooth to adjourn the <br /> 35 : .meeting at 8 : 15 p.m. <br /> 36 <br /> 37 Motion carried unanimously. <br /> 38 Respectfully submitted, <br /> 39 <br /> 40 Margaret A. Noyd <br /> - 41 Council Secretary <br /> 42 <br /> 43 Mayor Clarence Ranallo • <br /> 44 ATTEST: <br /> 45 City Clerk <br />