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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 $1,445,000 General Obligation Tax <br />Abatement Bonds, Series 2016B of the City in accordance with the Official Statement distributed <br />by the City to potential purchasers of the Bonds. The proposals have been read and tabulated, <br />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 />