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• It was reported that five (5) proposals for the purchase of the $725,000 General <br /> Obligation Improvement Bonds, Series 1998A of the City (the `Bonds") in accordance with the <br /> Terms of Proposal for the sale of the Bonds approved by the City Council by Resolution 98-028, <br /> adopted February 10, 1998. The bids have been opened, read and tabulated, and the terms of <br /> each were found to be as follows: <br /> Bidder Purchase Price Interest Rates Net Interest Cost <br /> (See Attached) <br /> • <br /> • <br />