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<br />.. , <br /> <br />'. <br /> <br />. <br /> <br />. <br /> <br />fails to comply with accepted bid. <br />Bids for the bonds should be <br />addressed to: <br /> <br />Donald Lamb, Treasurer <br />City Hall <br />1450 West Highway 96 <br />Arden Hills, Minnesota 55112 <br /> <br />RATES: <br /> <br />All rates must be in integral <br />multiples of 1/20th or 1/8th of 1% <br />and may not exceed the maximum rate <br />allowed by law at the time of sale. <br />No limitation is placed upon the <br />number of rates which may be used. <br />All bonds of the same maturity must <br />bear a single uniform rate from <br />date of issue to maturity and no <br />rate of any maturity may be lower <br />than the highest rate applicable to <br />bonds of any preceding maturities. <br /> <br />AWARD: <br /> <br />Award will be made solely on the <br />basis of lowest dollar interest <br />cost, determined by addition of any <br />discount to and deduction of any <br />premium from the total interest on <br />all bonds from their date to their <br />stated maturity. The net effective <br />average rate of the issue may not <br />exceed the maximum rate allowed by <br />law at the time of sale. <br /> <br />The Issuer reserves the right to reject any and all bids, to <br />waive informalities and to adjourn the sale. <br /> <br />Dated: November 12, 1985 <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />/s/ Charlotte McNiesh <br />Clerk-~dministrator <br /> <br />Additional information <br />may be obtained from: <br />JURAN & MOODY, INC. <br />Minnesota Mutual Life Building <br />400 North Robert Street <br />Suite 800 <br />St, Paul. Minnesota 55101 <br />Telephone No: 612-224-1500 <br />