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Blunt, Ellis & Loewi, Incorporated
<br />Clayton Brown & Associates, Inc.
<br />G r i f f i n, K u b i k, S t e p h e n s &
<br />The Northern Trust Company
<br />Hutchinson, Shockey, Erley & Company
<br />LaSalle National Bank
<br />Manufacturers Hanover Trust Company
<br />$2,745,430.50
<br />T h o m p s o n, I n c.
<br />$2,766.069.00
<br />$2,745,478.75
<br />Motion by Councilmember Cox and seconded by Councilmember DeLuca to adopt
<br />Resolution f87-150 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 f87-150).
<br />Motion carried. Voting Yes: Mayor Reimann, Councilmembers Cox, DeLuca and
<br />Pearson. Voting No: None. Absent: Councilmember Sorteberg.
<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 />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 />Norwest Investment Services, Inc. $392,100.00
<br />Moore, Juran and Company, Inc. $392,100.00
<br />Piper, Jaffray & Hopwood, Inc. $392,100.00
<br />Dain Bosworth Inc. $392,100.00
<br />Motion by Councilmember Cox and seconded by Councilmember Pearson to adopt
<br />Resolution f 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 7'87-151) .
<br />Motion carried. Voting Yes: Mayor Reimann, Councilmembers Cox, DeLuca and
<br />Pearson. Voting No: None. Absent: Councilmember Sorteberg.
<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 />Page 4 of 10
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