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Last modified
7/17/2007 8:39:31 AM
Creation date
12/2/2004 10:04:32 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9609
Resolution Title
Providing for the sale of $2,500,000 general obligation public improvement bonds Series 25.
Resolution Date Passed
12/14/1998
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<br />the purchase contract. The CUSIP <br />Service Bureau charge for the <br />assignment of CUSIP identification <br />numbers shall be paid by the <br />Purchaser. <br /> <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 />$2,462,500 and accrued interest on <br />the principal sum of $2,500,000 <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 II) in the amount <br />of $50,000, 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 />Ed',vard Burrell <br />Treasurer/Finance Director <br />City Hall <br />2660 Civic Center Drive <br />Roseville, MN 55113-1899 <br /> <br />If a Financial Surety Bond is used, <br />it must be from an insurance <br />company licensed to issue such a <br />bond in the State of Minnesota, and <br />preapproved 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 /> <br />1004111.1 <br /> <br />B-4 <br />
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