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Extract of Minutes of Meeting <br />of the Board of Commissioners of the <br />Lino Lakes Economic Development Authority <br />Anoka County, Minnesota <br />Pursuant to due call and notice thereof, a regular <br />meeting of the Board <br />of Commissioners of the Lino Lakes Economic Development Authority, Minnesota, <br />was duly held in the City Hall in the City of Lino Lakes on Monday, August 13, <br />1990, commencing at 6:42 P.M. <br />The following members were present: H. Bisel, W. Bohjanen, S. Kuether, <br />W. Neal & V. Reinert <br />and the following were absent: None <br />* * * <br />The President announced that the next order of business was consideration <br />of the bids which had been received for the purchase of the Authority's $1,115,000 <br />Public Project Revenue Bonds, Series 1990A (City of Lino Lakes Installment <br />Contract Obligations), as advertised for sale. The Executive Director presented <br />affidavits showing publication of the notice of sale in a newspaper of general <br />circulation in the City and in Finance & Commerce , a financial paper <br />published in Minneapolis , Minnesota, which affidavits were examined and found <br />satisfactory and ordered placed on file. <br />The Executive Director presented a tabulation of the bids which had been <br />received in the manner specified in the Official Terms of Offering of the Bonds. <br />The bids were as follows: <br />