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7/17/2007 8:34:36 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8745
Resolution Title
Awarding the sale of $20,035,000 of Tax Increment Refunding Bonds
Resolution Date Passed
1/27/1992
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<br />(a) The redemption date; <br />(b) The redemption price; <br /> <br />(c) If less than all outstanding Bonds are to be <br />redeemed, the identification (and, in the case of <br />partial redemption, the respective principal <br />amounts) of the Bonds to be redeemed; <br /> <br />(d) That on the redemption date, the redemption price <br />will become due and payable upon each such Bond, <br />and that interest thereon shall cease to accrue <br />from and after said date; and <br /> <br />(e) The place where such Bonds are to be surrendered <br />for paYment of the redemption price (which shall <br />be the office of the Bond Registrar). <br /> <br />Notices to Midwest Securities Trust Company or its <br />nominee shall contain the CUSIP numbers of the Bonds and shall <br />conform to any additional requirements set forth in the Letter of <br />Representations. If there are any Holders of the Bonds other <br />than the Depository or its nominee, the Bond Registrar shall use <br />its best efforts to deliver any such notice to the Depository on <br />the business day next preceding the date of mailing of such <br />notice to all other Holders. <br /> <br />8. Bond Registrar. The Finance Director of the City <br />is appointed to act as bond registrar and transfer agent with <br />respect to the Bonds (the "Bond Registrar"), and shall do so <br />unless and until a successor Bond Registrar is duly appointed. A <br />successor Bond Registrar shall be an officer of the City or a <br />bank or trust company eligible for designation as bond registrar <br />pursuant to Minnesota Statutes, Chapter 475, and may be appointed <br />pursuant to any contract the City and such successor Bond <br />Registrar shall execute which is consistent herewith. The Bond <br />Registrar shall also serve as paying agent unless and until a <br />successor paying agent is duly appointed. Principal and interest <br />on the Bonds shall be paid to the Holders (or record holders) of <br />the Bonds in the manner set forth in the forms of Bond and <br />paragraph 14 of this resolution. <br /> <br />9. Forms of Bond. The Bonds shall be in the form of <br />Global certificates unless and until Replacement Bonds are made <br />available as provided in paragraph 6. Each form of bond may <br />contain such additional or different terms and provisions as to <br />the form of payment, record date, notices and other matters as <br />are consistent with the Letter of Representations and approved by <br />Bond Counsel. <br /> <br />2695 7 <br /> <br />10 <br />
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