1987 Rec./Disb./Resolutions & Minutes

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OFFICIAL NOTICE OF SALE $615.000 General Obligation Improvement Bonds of 1987 City of Centerville Anoka County, Minnesota NOTICE IS HEREBY GIVEN that the City Council of the City of Centerville, Minnesota, will consider sealed bids for the purchase of $615,000 General Obligation Improvement Bonds of the City at a regular Council meeting on Wednesday, June 24, 1987, at 7:30 o'clock p.m., C.T. on the following terms. Purpose and Security The purpose of the bonds is to provide funds for the finan- cing of various assessable public improvements in the City. The bonds will be general obligations of the City, for which its full faith, credit and taxing powers are pledged together with special assessments against benefitted properties. Date and Maturities The bonds will be issued in fully registered form. will be dated July I, 1987, will be in integral multiples of $5,000 each and will mature on February I, in the years and amounts as follows: Year Amount Year Amount 1989 $ 30,000 1997 $ 45,000 1990 30,000 . 1998 45,000 1991 30,000' 1999 45,000 1992 35,000 2000 45,000 1993 35,000 2001 50,000 1994 40,000 2002 50,000 1995 40,000 2003 50,000 1996 45,000 . , Redemption Bonds of this issue maturing on or after February I, 1999, will be subject to redemption and prior payment in whole or in part at the option of the City on February 1, 1998, and on any interest payment date thereafter in inverse order of maturities and by lot within maturities at a price of par plus accrued interest to date of redemp- tion. Interest Interest on the bonds will be payable on February 1, 1988, and semiannually thereafter on each August 1 and February 1. All bonds maturing on the same date must bear interest from date of issue until paid at a single, uniform rate, not exceeding the rate specified