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Last modified
12/27/2011 9:20:06 AM
Creation date
12/27/2011 9:18:00 AM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
12/12/2011
Resolution #
10957
Resolution Title
RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $10,000,000 GENERAL OBLIGATION BONDS, SERIES 2011A AND LEVYING A TAX FOR THE PAYMENT THEREOF
Resolution Date Passed
12/12/2011
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From: unknown Page: 1/1 Date: 12/12/2011 5:01:23 PM <br /> PROPOSAL SALE DATE: December 12,2011 <br /> TO: Mr.Chris Miller,Finance Director <br /> City of Roseville,Minnesota <br /> c/o Springsted Incorporated <br /> 380 Jackson Street,Suite 300 <br /> St.Paul,MN 55101-2887 <br /> Phone: (651)223-3000 <br /> Fax: (651)223-3046 <br /> RE: $10,000,000•General Obligation Bonds, Series 2011A <br /> For the Bonds of this Issue which shah mature and bear Interest at the respective annual rates, as follow, we <br /> offer a price of$ C1,,Q 00 J 01'u0.0U -(Nete--Trttg amksunc may not (Par) and <br /> accrued interest to the date o(deiivery). <br /> 0 S 5 % 2014 ( "30 % 2017 /•$5 % 2020 12.,3O % 2023 % 2026 <br /> % 2015 1 _ % 2018 2. 00 % 2021 a - % 2024 e1•47° % 2027 <br /> % 2016 1 .(05- % 2019 9.6 % 2022 ?.I,5 % 2025 3. 05- % 2028 <br /> Designation of Term Maturities <br /> Years of Term Maturities <br /> The City reserves the right,after proposals are opened and prior to award,to increase or reduce the principal amount of <br /> the Bonds offered for sale. Any such increase or reduction all be in a total amount not to exceed unlimited and will be <br /> made in multiples of$5,000 In any of the maturities. In the event the principal amount of the Bonds is increased or <br /> reduced, any premium offered or any discount taken by the successful bidder wolf be increased or reduced by a <br /> percentage equal to the percentage by which the principal amount of the Bonds is increased or reduced. <br /> In making this offer we accept all of the terms and conditions of the Terms of Proposal published in the Qtagal <br /> Statement dated December 6,2011. In the event of failure to deliver these Bonds in accordance with the Terms <br /> of Proposal as printed in the Official Statement and made a part hereof, we reserve the right to withdraw our <br /> offer,whereupon the deposit accompanying it will be immediately returned. All blank spaces of this offer are. <br /> intentional and are not to be construed as.an omission. <br /> Subject to any applicable exemption in the Rule,this offer to purchase/bid is subject to the City's covenant and <br /> agreement to take all steps necessary to assist us in complying with SEC Rule 15c2-12,as amended. <br /> Not as a part of our offer,the above quoted prices being controlling,but only as an aid for the verification of the <br /> offer,we have made the following computations: c� <br /> NET INTEREST COST: $ °� �) 3D�.o� f • <br /> TRUE INTEREST RATE: aZ-4555 <br /> /■ccognt Members <br /> sec 4. it GtveGL Pric• ^, . uhz / By: unt Manager <br /> Phone: 901-135-'8006 <br /> The foregoing offer is hereby accepted by the City on the date of the offer • = owing officers duly <br /> authorized and empowered to Aw. e such acceptance. <br /> (Os ASID <br /> City Manager yor <br /> SURE-BID Wire Transfer Good F, VI Check Submitted <br /> This fax was received by GFI FAXmaker fax server. For more information,visit: http://www.gfi.com <br />
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