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Last modified
7/17/2007 8:34:31 AM
Creation date
12/2/2004 8:03:47 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8731
Resolution Title
Providing for the public sale of $20,035,000 General Obligation Tax Increment Refunding Bonds, Series 1992
Resolution Date Passed
12/9/1991
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<br />Association, of st. Paul and <br />Minneapolis, Minnesota. Bond <br />printing and legal opinion will be <br />paid by the City and delivery will <br />be anywhere in the continental <br />united states without cost to the <br />Purchaser. Legal opinion will be <br />printed on the bonds at the request <br />of the successful bidder. <br /> <br />TYPE OF BID: <br /> <br />Sealed bids of not less than <br />$19,814,650 plus accrued interest <br />on the principal sum of $20,035,000 <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 good faith deposit in <br />the amount of $400,700 must be <br />submitted with each bid. The good <br />faith deposit must be in the form <br />of a certified or cashier's check <br />payable to the order of the Finance <br />Director of the city. The good <br />faith deposit will be retained by <br />the City as liquidated damages if <br />the bid is accepted and the bidder <br />fails to comply therewith. Bids <br />for the bonds should be addressed <br />to: <br /> <br />Edward Burrell <br />City Finance Director <br />Roseville City Hall <br />2660 civic Center Drive <br />Roseville, MN 55113 <br /> <br />RATES: <br /> <br />All rates must be in integral <br />multiples of 1j20th or 1j8th of 1%. <br />No limitation is placed upon the <br />number of rates which may be used. <br />All bonds of the same maturity must <br />bear a single uniform rate from <br />date of issue to maturity, and no <br />rate of any maturity may be lower <br />than the highest rate applicable to <br />bonds of any preceding maturities. <br /> <br />25726 <br /> <br />B-4 <br />
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