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Blunt, Ellis & Loewi, Incorporated <br />Clayton Brown & Associates, Inc. <br />Griffin, Kubik, Stephens <br /> <br /> $2,745,430.50 <br /> <br />& Thompson, <br /> <br />I n c <br /> <br />The Northern Trust Company <br />Hutchinson, Shockey, Erley & Company <br />LaSalle National Bank <br /> <br />$2,766.069.00 <br /> <br />Manufacturers Hanover Trust Company <br /> <br />,745,47 8.75 <br /> <br />Motion by Councilmember Cox and seconded by Councilmember DeLuca to adopt <br />Resolution #87-150 awarding the sale of $2,800,000 General Obligation Tax <br />Increment Bonds, Series 1987A to Smith Barney, Harris Upham and Company <br />Incorporated. (Please refer to resolution file for Resolution #87-150). <br /> <br />Motion carried. Voting Yes: Mayor Reimann, Councilmembers Cox, DeLuca and <br />Pearson. Voting No: None. Absent: Councilmember Sorteberg. <br /> <br />The Mayor announced that the next order of business was consideration of <br />the bids which had been received for the purchase of the City's $400,000 <br />General Obligation Taxable Tax Increment Bonds, Series 1987B, as advertised <br />for sale. The City Administrator presented affidavits showing publications <br />of notice of sale in the City's official newspapaer and in Commercial West, <br />a financial paper published in Minneapolis, Minnesota, which affidavits <br />were examined, found satisfactory and ordered placed on file. <br /> <br />The City Administrator presented a tabulation of the bids which had been <br />received in the manner specified in the Official Notice of Sale of the <br />Bonds. The bids were as follows: <br /> <br />Norwest Investment Services, Inc. <br /> <br />$392,100.00 <br /> <br />Moore, Juran and Company, Inc. <br /> <br />$392,100.00 <br /> <br />Piper, Jaffray & Hopwood, Inc. <br /> <br />$392,100.00 <br /> <br />Dain Bosworth Inc. <br /> <br />$392,100.00 <br /> <br />Motion by Councilmember Cox and seconded by Councilmember Pearson to adopt <br />Resolution #87-151 awarding the sale of $400,000 General Obligation Taxable <br />Tax Increment Bonds, Series 1987B to Norwest Investment Services, Inc. <br />(Please refer to resolution file for Resolution #87-151). <br /> <br />Motion carried. Voting Yes: Mayor Reimann, Councilmembers Cox, DeLuca and <br />Pearson. Voting No: None. Absent: Councilmember Sorteberg. <br /> <br />The Mayor announced that the next order of business was consideration of <br />the bids which had been received for the purchase of the City's $160,000 <br />General bligation Taxable Tax Increment Bonds, Series 1987C, as advertised <br />for sale. The City Administrator presented affidavits showing publications <br />of notice of sale in the City's official newspaper and in Commercial West, <br />a financial paper published in Minneapolis, Minnesota, which affidavits <br />City Council/July 7, 1987 <br /> <br />Page 4 of 10 <br /> <br /> <br />