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7/17/2007 8:38:54 AM
Creation date
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9518
Resolution Title
Providing for public sale of $13,280,000 of General Obligation Tax Increment Refunding Bonds, Series 1998 (1/26/98).
Resolution Date Passed
1/26/1998
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<br />EXHIBIT A <br /> <br />NOTICE OF BOND SALE <br /> <br />$13,280,000 <br /> <br />CITY OF ROSEVILLE <br />RAMSEY COUNTY <br />MINNESOTA <br /> <br />GENERAL OBLIGATION TAX INCREMENT REFUNDING <br />BONDS, SERIES 1998 <br /> <br />(Global Book Entry System) <br /> <br />Sealed bids for these bonds will be opened and tabulated by the <br />City Manager or designee on Monday, February 23, 1998, at 12:00 <br />Noon, Central Time, at the City Hall in Roseville, Minnesota. <br />Consideration for award of these bonds will be at 6:30 P.M., <br />Central Time, by the City Council at the City Hall that same day. <br />The bonds will be dated March 15, 1998, and interest will be <br />payable September 1, 1998 and semiannually thereafter. The bonds <br />will be issued in global book entry form only. The bonds will <br />mature on March 1 in the years and amounts as follows: <br /> <br />Year Amount Year Amount <br />2000 $1,675,000 2004 $1,965,000 <br />2001 1,745,000 2005 2,050,000 <br />2002 1,815,000 2006 2,140,000 <br />2003 1,890,000 <br /> <br />Bids for the bonds may contain a maturity schedule providing for <br />any combination of serial bonds and term bonds, subject to <br />mandatory redemption, so long as the amount of principal maturing <br />or subject to mandatory redemption in each year conf~rms to the <br />maturity schedule set forth above. <br /> <br />Bidders must specify a price of not less than $13,080,800 plus <br />accrued interest. An approving legal opinion will be furnished <br />by Briggs and Morgan, Professional Association, of St. Paul and <br />Minneapolis, Minnesota. <br /> <br />Bidders should be aware that the Official Terms of Bond Sale to <br />be published in the Official Statement for the sale may contain <br />additional bidding terms and information relative to the Issue. <br />In the event of a variance between statements in this Notice of <br />Bond Sale and said Official Terms of Bond Sale the provisions of <br />the latter shall be those to be complied with. <br /> <br />375642.1 <br /> <br />A-I <br />
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