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