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<br /> <br /> <br /> <br />~ <br /> <br />SPECIAL MEETING <br />ELK RIVER CITY COUNCIL <br /> <br />.. <br /> <br />December 11, 1974 12:00 o'clock noon <br /> <br />A special meeting of the Elk River City Council was called to order by Mayor Lundberg <br />at 12:00 o'clock noon in the Council Chambers of the City Hall for the purpose <br />of opening and considering bids for and awarding the sale of $360,000.00 Temporary <br />G.O. Improvement Bonds of 1974 and $180,000.00 Municipal Building Revenue Bonds of 197~ <br /> <br />Members were present as follows; Mayor Lundberg, Councilmembers Syring and Hudson. <br />Financial Advisor for Bond Sales Robert Milne was in attendance. <br /> <br />12:10 PM. Mayor Lundberg declared the receiving of the bids closed. The following <br />bids were received. <br /> <br />BIDDER INTEREST RATE AND NET INTEREST COST <br /> <br />See per attached bid tabulation. <br /> <br />Moved by Councilmember Hudson and seconded by Councilmember Syring to award the <br />sale of the $360,000.00 Temporary G.O. Improvement Bond of 1974 to 1st National Bank <br />of Minneapolis. Motion unanimously carried by a vote of 3-0. Voted as follows: <br />Mayor Lundberg, Councilmembers Hudson and Syring None apposed. A copy of the <br />resolution is attached. <br /> <br />Moved by Councilmember Syring and seconded by Councilmember Hudson to award the sale <br />of the $180,000.00 Municipal Building Revenue Bonds of 1974 to Allison Williams. <br />Motion unanimously carried by a vote of 3-0. Voted as follows: Mayor lundberg, <br />Councilmembers Hudson and Syring. None apposed. A copy of the resolution is attached. <br /> <br />No further business the meeting adjourned at 12:30 PM. <br />