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• Sealed bids may be mailed or delivered to the under- <br /> signed and must be received at his office prior to the time <br /> specified above for receiving, opening and considering the <br /> bids. Each bid must be unconditional except as to legality <br /> of the bonds , in which respect bids may be conditioned upon <br /> the opinion of the above-named bond counsel , and must be accom- <br /> panied by a cashier' s or certified check or bank draft in the <br /> amount of $ 600.00 , payable to the City Treasurer, to be re- <br /> tained by the City as liquidated damages if the bid is accepted <br /> and the bidder fails to comply therewith. The bid offering the <br /> lowest net interest cost (total interest on all bonds to stated <br /> maturities at the coupon rates specified less any cash premium) <br /> will be deemed the most favorable. No oral bid and no bid of <br /> less than $ 30,000.00, plus accrued interest, will be considered, <br /> and the City Council reserves the right to reject any and all <br /> bids and to waive any informality in any bid. <br /> Dated: April 22, 1975 <br /> BY ORDER OF THE CITY COUNCIL <br /> Mr. Jerry Dulgar <br /> • City Administrator <br /> St. Anthony, Minnesota <br /> • <br />