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<br />, <br /> <br /> <br />1880 Main Street . Centeroil[e, M'J{ 55038 <br /> <br />(651) 429-3232 .:r~ (651) 429-8629 <br /> <br />RESOLUTION NO, #02-041 <br /> <br />A RESOLUTION AWARDING 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 L <br /> <br />Sale of Bonds, <br /> <br />L01. The proposal of (purchaser) to purchase the <br />Bonds of the City described in the Terms of Offering thereof is hereby found and determined 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 <br />Maturitv <br />2005 <br />2006 <br />2007 <br />2008 <br />2009 <br /> <br />Interest <br />Rate <br /> <br />Year of <br />Maturity <br />2010 <br />2011 <br />2012 <br />2013 <br />2014 <br /> <br />Interest <br />Rate <br /> <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 goqd 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 Clerk-Treasurer are directed to execute a contract with the Purchaser on behalf of the City_ <br /> <br />. <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 October 1, 2002, in <br />the denomination of $5,000 each or any integral multiple thereof, numbered No, R-I, upward, <br />SJB-219247vl <br />CE155-19 <br />