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2002-08-23 Proposed Right of Way Ordinance Memo
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2002-08-23 Proposed Right of Way Ordinance Memo
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<br />TERMS OF PROPOSAL <br /> <br />$635,000 <br />General Obligation Improvement <br />Bonds of2002 <br />City of Centerville <br />Anoka County, Minnesota <br /> <br />(BOOK ENTRY ONLY) <br /> <br />NOTICE IS HEREBY GIVEN that sealed proposals for the purchase of the above bonds <br />will be received until 11:00 o'clock A.M., C.T. on Wednesday, September 25, 2002, in the <br />offices of Juran & Moody, a division of Miller Johnson Steichen Kinnard Investment Securities, <br />Inc. in Minneapolis, Minnesota, at which time the proposals will be opened and tabulated for <br />consideration by the City Council at a meeting at 6:30 o'clock P.M. on the same day. The bonds <br />are offered on the following terms. <br /> <br />Purpose and Security <br /> <br />The purpose of the bonds is to provide funds for the financing of assessable public <br />improvements in the City. The bonds will be general obligations of the City, for which its full <br />faith, credit and taxing powers are pledged together with special assessments against benefited <br />properties. <br /> <br />Details of the Bonds <br /> <br />The bonds will be issued in fully registered form, will be dated October 1, 2002, will be <br />in denominations of integral multiples of $5,000 each and will mature on February 1, in the years <br />and amounts as follows: <br /> <br />Year Amount Year Amount <br />2005 $55,000 2010 $65,000 <br />2006 55,000 2011 70,000 <br />2007 55,000 2012 70,000 <br />2008 60,000 2013 70,000 <br />2009 60,000 2014 75,000 <br /> <br />Proposals for the Bonds may contain a maturity schedule providing for any combination of serial <br />bonds and term bonds, subject to mandatory redemption, so long as the amounts of principal <br />maturing or subject to mandatory redemption in each year conforms to the maturity schedule set <br />forth above. <br /> <br />SID-219027vl <br />CE155.19 <br />
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