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Last modified
7/17/2007 9:22:47 AM
Creation date
4/25/2005 12:32:27 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8252
Resolution Title
Resolution Providing for Public Sale of $4,500,000 General Obligation Improvement Bonds, Series 14
Resolution Date Passed
1/25/1988
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<br />EXHIBIT A <br />NOTICE OF BOND SALE <br /> <br />$4,500,000 <br /> <br />CITY OF ROSEVILLE <br />RAMSEY COUNTY <br />MINNESOTA <br /> <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS, SERIES 14 <br />(GLOBAL BOOK ENTRY SYSTEM) <br /> <br />Sealed bids for the bonds will be opened by the City Manager, <br />or designee, on Wednesday, February 17, 1988, at 12:00 o'clock <br />Noon, Central Time, at the City Hall, 2660 Civic Center Drive <br />in Roseville, Minnesota. Consideration for award of the bonds <br />will be by the City Council at 5:00 o'clock p.m., Central <br />Time, of the same day. The bonds will be issued using a <br />Global Book Entry System. One Global Certificate representing <br />the aggregate principal amount of the bonds maturing in each <br />year will be issued and fully registered as to principal and <br />interest in the name of Kray & Co. as nominee of the Midwest <br />Securities Trust Company, a Securities and Exchange Commission <br />registered depository, an Illinois trust company, a member of <br />the Federal Reserve System and a "clearing corporation" within <br />the meaning of the Illinois Uniform Commercial Code. The <br />successful bidder, as a condition of delivery of the bonds, <br />shall be required to deposit the Global Certificates with <br />Midwest Securities Trust Company. The bonds will have a date <br />of original issue of March 1, 1988 and interest will be <br />payable September I, 1988 and semiannually thereafter. The <br />bonds will be general obligations of the Issuer for which its <br />unlimited taxing powers will be pledged. The bonds will <br />mature on March 1 in the amounts and years as follows: <br /> <br /> Amount Year Amount Year <br /> $150,000 1989 $320,000 1997 <br /> 175,000 1990 340,000 1998 <br /> 190,000 1991 350,000 1999 <br /> 190,000 1992 400,000 2000 <br /> 220,000 1993 420,000 2001 <br /> 240,000 1994 460,000 2002 <br /> 260,000 1995 495,000 2003 <br /> 290,000 1996 <br />All dates are inclusive. <br />
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