City Council Minutes 07-13-1976 Special
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SPECIAL MEETING OF THE ONTICELLO CITY COUNCIL
July 13, 1976 - 7:30 P. M.
Members present: Con Johns n, Dick Martie, Gene Walters,
Members absent: Denton Er'ckson, Stanley Hall.
Bids were opened for the s Ie of $1,300,000 General
Obligation Improvement Bon s of 1976, Listed below
are the respective bids:
BIDDER
E. J. Prescott
Bancnorthwest
1st Nat. Bank of
St. Paul
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Dain, Kalman & Quail
N T INTEREST
D LLAR COST
RATE
$ 67,155.00
5.8695
50,807.44
5.744
57,507.50
5.795
58,145.95
5.800
Motion was made by Gene Wa ters, seconded by Dick
Martie and unanimously car ied to award sale of bonds
to Bancnorthwest.
Meeting adjourned.
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~~ tv~
Gary eber
City ~dministrator
GW/lg
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