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<br />. Section 2. Sale of Bonds. <br /> <br />. <br /> <br />. <br /> <br />2.01 In order to provide financing for the Project, the <br />City shall issue and sell the Bonds in the face amount of <br />$400,000. The Bonds shall be issued and sold in accordance <br />with the statement of terms stated in the terms of offering <br />(Terms of Offering), a copy of which, marked Exhibit A, is <br />attached hereto and made a part hereof. <br /> <br />2.02 This Council has determined that under the provisions <br />of Section 475.60 of the Minnesota Statutes, the public sale of <br />the Bonds is not required. The City's fiscal consultant, <br />Springsted Incorporated, has recommended that the Bonds be <br />offered for sale by means of seeking proposals from prospective <br />purchasers of the Bonds as described in the Terms of Offering. <br />" Springsted Incorporated is hereby authorized, on behalf of the <br />City, to seek proposals for the purchase of the Bonds in accord <br />with the Terms of Offering. <br /> <br />The motion for the adoption of the foregoing <br />duly seconded by Councilmember Dobel <br />vote being taken thereon, the following voted in <br />motion: <br /> <br />resolution was <br />and upon <br />favor of the <br /> <br />Mayor Tralle, Councilmembers Dobel, Schuldt, Holmgren and <br />Kropuenske <br /> <br />and the following voted against: <br /> <br />NONE <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />2. <br />