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EXTRACT OF MINUTES OF MEETING OF THE <br />VILLAGE COUNCIL OF THE VILLAGE <br />OF ELK RIVER, MINNESOTA <br />HELD: DECEMBER 16, 1971 <br />Pursuant to due call and notice thereof, a S ecial <br />meeting of the Village Council of the Village of Elk Riven, <br />Sherburne County, Minnesota, was duly held at the Village <br />Hall in said Village on the 16th day of December, 1971, at <br />7:30 o'clock P.M. for the purpose of opening and considering <br />bids for and awarding the sale of $79,000 Improvement Bonds <br />of 1971 of said Village. <br />The following members were present: <br />Hilmer Bartelt, Mayor Tom Hudson, Robert Otto Charles Savala, Clerk <br />and the following were absent: <br />Robert Syring William Konop <br />The Clerk presented affidavits showing publication <br />of notice of call for bids on $79,000 Improvement Bonds of <br />1971 of the Village, for which bids were to be received at <br />this meeting, in accordance with the resolution adopted by <br />the -Village Council on November 22 1971 Said affidavits <br />were examined, found to comply with the provisions of Minne- <br />sota Statutes, Chapter 475, and were approved and ordered <br />placed on file. <br />The Council proceeded to receive and open bids for <br />the sale of said bonds. The following bids were received: <br />Bidder Interest Rate Net Interest Cost <br />(SEE BID TABULATION ATTACHED) <br />