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• <br />RESOLUTION #00 -05 -126 <br />EXTRACT OF MINUTES OF A MEETING OF THE <br />CITY COUNCIL OF THE CITY OF <br />RAMSEY, MINNESOTA <br />HELD: May 23, 2000 <br />Pursuant to due call, a regular meeting of the City Council of the City of Ramsey, <br />Anoka County, Minnesota, was duly held at the City Hall on Tuesday, the 23`' day of May, 2000, <br />at 7:00 P.M., for the purpose, in part, of considering proposals for, and awarding the competitive <br />negotiated sale of $1,695,000 General Obligation Tax Increment Bonds, Series 2000B. <br />The following members were present: Maur Tares G. Game; Susan E. Ardersm; <br />Margaret Cully; 'Ierry Hendri}c 1; arld Gerald A. ZiJI1Te -Lila II1 <br />and the following were absent: 1■:m <br />The City Administrator presented proposals on $1,695,000 General Obligation Tax <br />Increment Bonds, Series 2000B, 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 April 25, 2000. <br />The following proposals were received, opened and tabulated at 10:00 A.M., at the <br />offices of Springsted Incorporated, in the presence of the City Administrator, or his designee, on <br />this same day: <br />1160734.1 <br />Bidder <br />Interest Rate Net Interest Cost <br />(See attached) <br />The Council then proceeded to consider and discuss the proposals, after which <br />member Margaret Ctnnolly introduced the following resolution and moved its <br />adoption: <br />