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2002-10-09 CC Packet
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2002-10-09 CC Packet
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<br /> <br />'J <br />, <br /> <br />!~itervi{[e <br /> <br />. .J;:/'.JY 'Esta6(isfied 1857 <br /> <br />. <br />1880 gv[ain Street '" Centervilk, 'M'J{ 55038 <br />(651) 429-3232 a:Fa;>( (651) 429-8629 <br /> <br />RESOLUTION #02-041 <br /> <br />A RESOLUTION A WARDING THE SALE OF $635,000 <br />GENERAL OBLIGATION IMPROVEMENT BONDS OF 2002 <br />FIXING THEIR FORM AND SPECIFICATIONS; <br />DIRECTING THEIR EXECUTION AND DELIVERY; <br />AND PROVIDING FOR THEIR PAYMENT <br /> <br />BE IT RESOLVED By the City Council of the City of Centerville, Anoka County, <br />Minnesota (City) as follows: <br /> <br />Section 1. <br /> <br />Sale of Bonds_ <br /> <br />1.01. The proposal of (Purchaser) to purchase the <br />Bonds of the City described in the Terms of Offering thereof is hereby found and detemtined to <br />be the highest and best proposal received pursuant to duly advertised notice of sale and is hereby <br />accepted, the proposal being to purchase the Bonds at a price of $ plus accrued interest <br />to date of delivery, for Bonds bearing interest as follows: <br /> <br />Year of Interest Year of Interest <br />Maturity Rate Maturity Rate <br />2005 2010 <br />2006 2011 <br />2007 2012 <br />2008 2013 <br />2009 2014 <br />Net interest cost: % <br /> <br />1.02. The sum of $ being the amount proposed by the Purchaser in excess of <br />will be credited to the Debt Service Fund hereinafter created. The City Clerk is <br />directed to deposit the good faith check of the Purchaser, pending completion of the sale of the <br />Bonds, and to return the good faith checks of the unsuccessful proposers forthwith. The Mayor <br />and City Clerk are directed to execute a contract with the Purchaser on behalf of the City. <br /> <br />1. 03. The City will forthwith issue and sell the Bonds pursuant to Minnesota Statutes, <br />Chapter 429 (Act) in the total principal amount of $635,000 originally dated November 1, 2002, <br />in the denomination of $5,000 each or any integral multiple thereof, numbered No. R~I, upward, <br />bearing interest as above set forth, and maturing serially on February 1 in the years and amounts <br />as follows: <br /> <br />SJB-219247vl <br />CE1SS-19 <br />
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