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jfX <br /> EXTRACT OF MINUTES OF MEETING OF THE <br /> CITY COUNCIL OF THE CITY <br /> OF HUGO, MINNESOTA <br /> HELD: MARCH 18, 1974 <br /> Pursuant to due call and notice thereof, a c ial <br /> meeting of the City Council of the City of Hugo, Washington <br /> County, Minnesota, was duly held at the City Hall in said <br /> City on the 18th day of March, 1974, at 8:00 o'clock P.M. , <br /> C.D.S.T. , for the purpose of opening and considering bids <br /> for and awarding the sale of $56,000 General Obligation <br /> Fire Equipment Bonds of 1974 of said City, as one of two bond <br /> Issues of the City offered for sale as one package and <br /> totaling $906,000 . <br /> The following members were present: Mayor Crever, <br /> Councilmen: Martin, LaValle, Lease, Leroux <br /> and the following were absent: none <br /> The Clerk presented affidvaits showing publication <br /> of notice of call for bids on $56,000 General Obligation <br /> Fire Equipment Bonds of 1974 and $850,000 General Obligation <br /> Sanitary Sewer Improvement Bonds of 1974 of the City, for which <br /> bids were to be received at this meeting, in accordance with <br /> the resolution adopted by the City. Council on February 11, 1974 . <br /> Said affidavits were examined, found to comply with the provi- <br /> sions of Minnesota Statutes, Chapter 475, and were approved <br /> and ordered placed on file. <br /> The Council proceeded to receive and open bids for <br /> the sale of said bonds . The following bids were received: <br /> Bidder Interest Rate Net Interest Cost <br /> See page 1 .1 . <br />