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It was reported that two (2) proposals had been received prior to 12:00 Noon, Central <br />Time, Tuesday, May 10, 2016, for the purchase of the $1,455,000 General Obligation <br />Improvement Bonds, Series 2016A of the City in accordance with the Official Statement <br />distributed by the City to potential purchasers of the Bonds. The proposals have been read and <br />tabulated, and the terms of each have been determined to be as follows: <br />Bidder Purchase Price Interest Rates Net Interest Cost <br />(See Attached) <br />