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<br />to 1:00 p.m. on October 16, 1985, at which time the bids will be <br />opened and tabulated. <br /> <br />RATES <br /> <br />All rates and combination of rates must be in integral <br />multiples of 1/20th of 1 percent and may not exceed the maximum <br />statutory rate per annum provided by law. No limitation is <br />placed on the number of rates which may be used. All bonds of a <br />single maturity shall bear a uniform basic rate of interest <br />payable on each bond of the issue must'~ot exceed the basic rate <br />of interest payable on other bonds of the same or subsequent <br />maturities. <br /> <br />AWARD <br /> <br />Award will be made on the basis of lowest dollar interest <br />cost, determined by addition of any discount to and deduction of <br />any premium from the total interest on all bonds from their date <br />to their stated maturity. The net effective average rate of the <br />issue may not exceed the maximum statutory rate per annum pro- <br />vided by law. <br /> <br />The City Council will meet at 5:30 p.m., Central Time, on <br />Wednesday, October 16, 1985, at the City Hall, 2660 Civic Center <br />Drive, Roseville, Minnesota, to consider the bids and award the <br />sale. The Issuer reserves the right to reject any and all bids, <br />to waive informalities, and to adjourn the sale. <br /> <br />Dated: September 23, 1985 <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />/s/ James F. Andre <br />City Manager <br /> <br />Additional information may be obtained from: <br /> <br />KNUTSON, FLYNN & HETLAND or <br />City Bond Consultants <br />Pioneer Press/Dispatch Building <br />345 Cedar Street-Suite 800 <br />St. Paul, Minnesota 55101-1062 <br />(612) 222-2811 <br /> <br />JAMES F. ANDRE <br />City Manager <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55113 <br />(612) 484-3371 <br />