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<br />EXHIBIT A <br /> <br />NOTICE OF BOND SALE <br /> <br />$2,200,000 <br /> <br />. <br /> <br />CITY OF ARDEN HILLS <br />RAMSEY COUNTY <br />MINNESOTA <br />GENERAL OBLIGATION ADVANCE <br />REFUNDING BONDS OF 1985 <br /> <br />Sealed bids on these bonds will be opened on Tuesday, <br />December 3, 1985, at 11:00 A.M., Central Time, at the offices <br />of Juran & Moody, Inc. Consideration of the bids for award of <br />the sale will be by the City Council at the City Hall, in Arden <br />Hills, Minnesota at 5:30 P.M., Central Time, of the same day. <br />The bonds will be dated December 15, 1985 and interest will be <br />payable June 1, 1986 and semiannually thereafter. The bonds <br />will be general Obligations of the Issuer for which its <br />unlimited taxing powers will be pledged. The bonds will mature <br />on December 1 in the amounts and years as follows: <br /> <br />1986-1987 <br />1988-1989 <br />1990 <br />1991. <br />1992-1993 <br />1994 <br /> <br />$325,000 <br />$350,000 <br />$250.000 <br />$200,000 <br />$150,000 <br />$100,000 <br /> <br />The City reserves the right to increase or decrease the <br />principal amount of the issue by un to $150,000. Anv maturity may b" <br />changed in principal amount and the discount will be computed <br />on a proportionate basis. <br /> <br />All bonds maturing on or after December 1, 1989 are subject to <br />prior payment on December 1, 1988 and any interest payment date <br />thereafter at a price of par and accrued interest, Sealed bids <br />for not less than $2,161,500 and accrued interest on the <br />principal sum of $2,200,000 will be accepted, No rate of <br />interest nor the net effective average rate of the issue may <br /> <br />. <br />