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w <br />EXTRACT OF MINUTES, OF A MEETING OF THE <br />CITY COUNCIL OF THE <br />CITY OF HUGO, MINNESOTA <br />HELD: OCTOBER 3, 2011 <br />Pursuant to due call and notice thereof, a regular or special meeting of the City Council <br />of the City of Hugo, Washington County, Minnesota, was duly held at the City Hall on October <br />3, 2011, at 7:00 P.M., for the purpose, in part, of authorizing the issuance and awarding the sale <br />of $1,325,000 General Obligation Improvement Bonds, Series 2011 A. <br />The following members were present: Haas, Klein, Weidt, Miron <br />and the following were absent: Petryk <br />In accordance with the resolution adopted by the City Council on September 6, 2011, the <br />City Clerk presented proposals on $1,325,000 General Obligation Improvement Bonds, Series <br />2011A, which were received and tabulated at the offices of Springsted Incorporated on this same <br />day: <br />Bidder Interest Rate True Interest Cost <br />SEE ATTACHED <br />