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. . . The Clerk presented to the Council affidavits showing publication of a notice of sale of $480,000 General Obligation Fire Equipment Bonds, Series 1989A, of the City, in accordance with the resolution adopted by the City Council on September 25, 1989. The affidavits were examined, found to comply with the requirements of applicable law, and directed to be placed on file. The Clerk then reported that 8 sealed bids for the bonds had been received at the time and place designated in the notice of sale. The bids received are described on the schedule attached hereto. Member Dobel then introduced the following resolution and moved its adoption: RESOLUTION NO. 89-66 RESOLUTION AUTHORIZING ISSUANCE, AWARDING SALE, PRESCRIBING THE FORM AND DETAILS AND PROVIDING FOR THE PAYMENT OF $480,000 GENERAL OBLIGATION FIRE EQUIPMENT BONDS, SERIES 1989A BE IT RESOLVED by the City Council of the City of Elk River, Minnesota (the Issuer), as follows: Section 1. Authorization and Sale. 1.01. This Council, by resolution duly adopted September 25, 1989, authorized the issuance and sale of General Obligation Fire Equipment Bonds, Series 1989A, of the Issuer, hereinafter called "the Bonds," the proceeds of which are to be used to finance the purchase of certain fire protection equipment (the Equipment). 1.02. A resolution adopted by this Council on september 25, 1989, set the meeting of the Council held on October 23, 1989, as a meeting to consider sale of the Bonds pursuant to sealed bids. At the time of the meeting held October 23, 1989, it was determined that it was necessary to postpone the consideration of the sale of the Bonds until the Council meeting to be held November 6, 1989. 2.