2006-08-21 CC PACKET - Laserfiche WebLink

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PROPOSAL FORM City Council July 31, xoo6 City of Gem Lake, Minnesota RE; $245,000 General Obligation Improvement Bonds, Series 2006A DATED. August 23, 2006 For. all or none of the aboveBonds, we will payyou S 241.325 (not less than $241,325) plus accrued interest to date of delivery for such Bonds maturing on February 1 in the years and atnaunts designated below and bearing interest at the rates as follows. Interest Interest Puri ,Amount Rate Maturity Amount Raw 2006 S/20,0 4.30 % 2013 525,00 .30 Please see 2000 1( % 2014 25,0 t( % attached 2010 �� % 2015 25, 0 ��amort':ization 2011 it % 2016 30 00 �� % schedule 2012 ll % 2017 3 ,f00 " % Please check one of the following redemption features: payment XX The l3onds will be subject to call and prior payment on any date at a price of par plus accrued interest. n Jon or after August 1, 2010 Bonds mattiring-February 1, 2013 and thereafter are subject to prior redemption on February 1, 2012 and any date thereafter at par plus accrued interest. Please check one of the following: XX The Bonds will be issued in typewritten form. — The Bonds will be issued as fully registered Bonds. This proposal is for consideration and acooptance by the City Council on July 31, 2006, and is conditional upon delivery of said Bonds 'to us within 40 days of award Delivery is anticipated on or about August 23, 2006. The Bonds will be general obligations of the City, `bank qualified" and mx exempt, as ovidoneed by a legal opinion of Kennedy & Graven, Chartered Minneapolis, Minnesota, as bond counsel. Submitted by: Name of Institution: Wells Fargo brokerage Services, LLC — public Finance Submitted By; Michael 01auson Title: Senior Vice P .esi ant Signataro: The City reserves 'the right to reject any and all proposals and to waive any inforamlity in any proposal. The foregoing offer is hereby accepted by and on bohalf of the City Council of the City of Gem Lake, Minnesota this day of '2006. Title, Title: J