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<br />A Special Meeting of the Elk River Village COQ~cil was called to order by ~1ayor Bartelt <br />on Dec. 16, 1971 at 7:30 pm in the Council Room of the Village Office Building. <br />Members were present as follows: Mayor Bartelt, Councilmen Hudson and Otto. <br />Robert }'fj.lne, Village Financial Advisor for the Bond Sale in attendance. <br /> <br />Purpose of the meeting for the opening and possible awarding of sale of the $79,000.00 <br />Improvement Bonds of 1971. <br /> <br />Proposals and their average net inter~st rate and costs were received from the following: <br />Concerns: <br />Allison-Williams Co. <br />Piper, Jaffray & Hopwood, Inc <br />Dain, KaL~n & Quail, Inc. <br /> <br />4.2802% per annum Total net interest Cost $18,448.00 <br />4.4l25;g per annu,'ll Total net interest Cost $19,018.02 <br />4.49129% II II n II II II $19,357.50 <br /> <br />Moved by Councilman Hudson and seconded by Councilman otto, to award the Sale of the <br />$79,000.00 Improvement Bonds of 1971 to the Allison-Williams Co. Motion unaminosly ~ <br />carried. A copy of the resolution is attached. <br /> <br />No further business, the meeting adjourned. ~ // <br /> <br />"""""""""""/" / <br /> <br /> <br />. C~"~:~4 <br /> <br />(~ <br />