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• It was reported that four(4) proposals for the purchase of the $1,500,000 General <br /> Obligation Improvement Bonds, Series 2002A of the City (the"Bonds") were received in <br /> accordance with the Terms of Proposal for the sale of the Bonds approved by the City Council <br /> by Resolution 02- 029 , 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 /> • <br /> • <br />