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• <br />Pursuant to due call, a regular meeting of the City Council of the City of Ramsey, Anoka <br />County, Minnesota, was duly held at the City Hall on Tuesday, December 19, 2000, at 7:00 <br />P.M., for the purpose, in part, of considering proposals for, and awarding the competitive <br />negotiated sale of, $920,000 General Obligation Tax Increment Bonds, Series 2001B. <br />The following members were present: <br />Mayor Gamec and <br />Council members Anderson, Connolly, Hendriksen, and Zimmerman <br />and the following were absent: None <br />The City Administrator presented proposals on $920,000 General Obligation Tax <br />Increment Bonds, Series 2001B, for which proposals were to be received, opened and tabulated <br />by the City Administrator, or designee, this same day, in accordance with the resolution adopted <br />by the City Council on November 28, 2000. <br />The following proposals were received, opened and tabulated at 11:00 A.M., at the <br />offices ofJuran & Moody, a division of Miller Johnson Steichen Kinnard, Inc., in the presence of <br />the City Administrator, or his designee, on this same day: <br />Bidder Interest Rate Net Interest Cost <br />(See attached) <br />The Council then proceeded to consider and discuss the proposals, after which member <br />Hendriksen introduced the following resolution and moved its adoption: <br />Rec.n l uilon r Do-12-346 <br />RESOLUTION ACCEPTING PROPOSAL ON THE <br />COMPETITIVE NEGOTIATED SALE OF <br />$920,000 GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 2001B, <br />PROVIDING FOR THEIR ISSUANCE AND <br />PLEDGING FOR THE SECURITY THEREOF TAX INCREMENTS <br />A. WHEREAS, the City Council of the City of Ramsey, Minnesota (the "City "), has <br />heretofore created Municipal Development District No. 1 (the "Development District ") pursuant <br />1237483.1 <br />Ro/LL�Y 00 -12 -3� <br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />RAMSEY, MINNESOTA <br />HELD: December 19, 2000 <br />