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7/17/2007 8:35:06 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8871
Resolution Title
Providing for issuance of $2,300,000 of General Obligation Public Improvement Bonds, Series 19
Resolution Date Passed
12/14/1992
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<br />Exhibit A <br /> <br />NOTICE OF BOND SALE <br />$2,300,000 <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS, SERIES 19 <br />CITY OF ROSEVILLE, <br />RAMSEY COUNTY, MINNESOTA <br />(Global Book Entry System) <br /> <br />NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the above <br />bonds will be received until 12:00 noon, C.T. on Monday, January 25, 1993 in the <br />offices of the City Manager in City Hall, 2660 Civic Center Drive, Roseville, <br />Minnesota, at which time the bids will be opened and tabulated for consideration by <br />the City Council at a meeting at 7: 30 p. m. on the same day. The bonds are offered <br />on the following terms. The bonds will be dated February 11, 1993, will bear <br />interest payable semiannually on each March 1 and September 1, commencing <br />September 1, 1993 and will mature on March 1 in the years and amounts as follows: <br /> <br />Amount Year Amount Year <br />$110,000 1994 $150,000 2001 <br />115,000 1995 155,000 2002 <br />120,000 1996 165,000 2003 <br />125,000 1997 170,000 2004 <br />130,000 1998 180,000 2005 <br />135,000 1999 190,000 2006 <br />140,000 2000 200,000 2007 <br /> 215,000 2008 <br /> <br />The City may elect on March 1, 1999 and on any date thereafter to redeem and <br />prepay bonds of this issue in whole or in part, in inverse order of maturities and by <br />lot within maturities, maturing on or after March 1, 2000 at a price of par plus <br />accrued interest to date of redemption. <br /> <br />Bidders must specify a price of not less than $2,265,000 plus accrued interest. <br />A legal opinion on the bonds will be furnished by Holmes Be Graven, Chartered, <br />Minneapolis, Minnesota. The proceeds of the bonds will be used to finance the cost <br />of various assessable public improvements in the City. <br /> <br />Bidders should be aware that the Official Statement to be distributed for the <br />Bonds may contain additional bidding terms and information relative to the bonds. <br />In the event of a variance between statements in this Notice of Bond Sale and the <br />Official Statement bidders must comply with the terms of the latter. <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />Isl Steven R. Sarkozy <br /> <br />Dated: December 14, 1992 <br /> <br />DJJtCC323 <br />M200-10 <br />
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