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<br />All bonds maturing on or after March 1, 1996 are subject to <br />prior payment on March 1, 1995 and any interest payment date <br />thereafter at a price of par and accrued interest. Sealed <br />bids for not less than $3,431,372.55 and accrued interest on <br />the principal sum of $3,500,000 will be accepted. An <br />approving legal opinion will be furnished by Briggs and <br />Morgan, Professional Association, of St. Paul and Minneapolis, <br />Minnesota. The proceeds will be used to finance the <br />construction of various improvements in the City. <br /> <br />Bidders should be aware that the Official Terms of Offering to <br />be published in the Official Statement for the Offering may <br />contain additional bidding terms and information relative to <br />the Issue. In the event of a variance between statements in <br />this Notice of Bond Sale and said Official Terms of Offering <br />the provisions of the latter shall be those to be complied <br />with. <br /> <br />Dated: January 23, 1989 <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />/s/ Steve North <br />Acting City Manager <br />