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It was reported that proposals for the purchase of the $690,000 <br /> General Obligation Improvement Bonds, Series 1997A of the City (the 'Bonds") in <br /> accordance with the Terms of Proposal for the sale of the Bonds approved by the City <br /> Council by Resolution 97-020, adopted February 11, 1997. The bids have been <br /> opened, read and tabulated, and the terms of each were found to be as follows: <br /> Bidder Purchase Price . Interest Rates Net Interest Cost <br />