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• Extract of Minutes of Meeting <br />of the City Council of the <br />City of Elk River, Sherburne County, Minnesota <br />Pursuant to due call and notice thereof, a regular meeting of the City Council of the City of <br />Elk River, Minnesota, was duly held in the City Hall in the City on Tuesday, February 21, 2012, <br />commencing at 6:30 o'clock P.M. <br />The following members were present: Mayor Dietz, Councilmembers Zerwas, Gumphrey, <br />Westgaard and Motin <br />and the following were absent: None <br /> <br />The Mayor announced that the next order of business was consideration of the proposals <br />which had been received for the purchase of the City's $1,525,000 General Obligation Improvement <br />Refunding Bonds, Series 2012B. <br />The City Clerk presented a tabulation of the proposals that have been received in the manner <br />specified in the Terms of Proposal for the Bonds. The proposals are as set forth in Exhibit A <br />attached. <br />• <br />398249v2 JSB EL185-17 <br />