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Last modified
7/17/2007 9:23:25 AM
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4/25/2005 12:35:27 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8402
Resolution Title
Providing for public sale of $3,500,000 General Obligation Improvement Bonds, Series 15
Resolution Date Passed
1/23/1989
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<br />EXHIBIT A <br /> <br />NOTICE OF BOND SALE <br /> <br />$3,500,000 <br />CITY OF ROSEVILLE <br />RAMSEY COUNTY <br />MINNESOTA <br /> <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS, SERIES 15 <br /> <br />(Global Book Entry System) <br /> <br />Sealed bids for the bonds will be opened by the Acting City <br />Manager, or designee, on Wednesday, February 22, 1989, at <br />12:00 o'clock Noon, Central Time, at the City Hall, 2660 Civic <br />Center Drive in Roseville, Minnesota. Consideration for award <br />of the bonds will be by the City Council at 5:00 o'clock p.m., <br />Central Time, of the same day. The bonds will be issued using <br />a Global Book Entry System. One Global Certificate <br />representing the aggregate principal amount of the bonds <br />maturing in each year will be issued and fully registered as <br />to principal and interest in the name of Kray & Co. as nominee <br />of the Midwest Securities Trust Company, a Securities and <br />Exchange Commission registered depository, an Illinois trust <br />company, a member of the Federal Reserve System and a <br />"clearing corporation" within the meaning of the Illinois <br />Uniform Commercial Code. The successful bidder, as a <br />condition of delivery of the bonds, shall be required to <br />deposit the Global Certificates with Midwest Securities Trust <br />Company. The bonds will have a date of original issue of <br />March 1, 1989 and interest will be payable September 1, 1989 <br />and semiannually thereafter. The bonds will be general <br />obligations of the Issuer for which its unlimited taxing <br />powers will be pledged. The Issuer will designate the bonds <br />as qualified tax-exempt obligations. The bonds will mature on <br />March 1 in the amounts and years as follows: <br /> <br />Amount Year Amount Year <br />$150,000 1990 $235,000 1998 <br />155,000 1991 250,000 1999 <br />165,000 1992 270,000 2000 <br />175,000 1993 290,000 2001 <br />185,000 1994 310,000 2002 <br />195,000 1995 335,000 2003 <br />210,000 1996 355,000 2004 <br />220,000 1997 <br />
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