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It was reported that �L sealed bids for the purchase of the $470,000 <br /> General Obligation Improvement Bonds, Series 1993A of the City (the 'Bonds") in <br /> accordance with the Terms of Proposal for the Sale of the Bonds approved by the <br /> City Council by Resolution 93-038, adopted June 8, 1993. The bids have been opened, <br /> read and tabulated, and the terms of each were found to be as follows: <br /> Bidder Purchase Price Interest Rates Net Interest Cost <br /> • <br />