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. t <br /> • It was reported that proposals for the purchase of the $425,000 <br /> General Obligation Improvement Bonds, Series 1999A 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 /> 99- , adopted February 23, 1999. 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 /> • <br /> • <br />