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Last modified
7/17/2007 8:38:54 AM
Creation date
12/2/2004 9:30:40 AM
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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 />DELIVERY: <br /> <br />Forty days after award subject to <br />approving legal opinion of Briggs <br />and Morgan, Professional <br />Association, of St. Paul and <br />Minneapolis, Minnesota. Legal <br />opinion will be paid by the Issuer <br />and delivery of the bonds will be <br />anywhere in the continental United <br />States without cost to the <br />Purchaser at DTC. <br /> <br />TYPE OF BID: <br /> <br />Sealed bids of not less than <br />$13,080,800 and accrued interest on <br />the principal sum of $13,280,OOO <br />from date of original issue of the <br />bonds to date of delivery must be <br />filed with the undersigned prior to <br />the time of sale. Bids must be <br />unconditional except as to <br />legality. A certified or cashier's <br />check (the "Deposit 11) in the amount <br />of $62,000, payable to the order of <br />the Treasurer/Finance Director of <br />the Issuer, or a Financial Surety <br />Bond complying with the provisions <br />below, must accompany each bid, to <br />be forfeited as liquidated damages <br />if bidder fails to comply with <br />accepted bid. Bids for the bonds <br />should be addressed to: <br /> <br />Edward Burrell <br />Treasurer/Finance Director <br />City Hall <br />2660 Civic Center Drive <br />Roseville, MN 551I3-I899 <br /> <br />If a Financial Surety Bond is used, <br />it must be from an insárance <br />company licensed to issue such a <br />bond in the State of Minnesota, and <br />pre approved by the Issuer. Such <br />bond must be submitted to the <br />Issuer prior to the opening of the <br />bids. The Financial Surety Bond <br />must identify each bidder whose <br />Deposit is guaranteed by such <br />Financial Surety Bond. If the <br />bonds are awarded to a bidder using <br />a Financial Surety Bond, then that <br />purchaser is required to submit its <br />Deposit to the Issuer in the form <br />of a certified or cashier's check <br /> <br />375642.1 <br /> <br />B-4 <br />
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