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Last modified
7/17/2007 8:36:15 AM
Creation date
12/2/2004 8:35:49 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9019
Resolution Title
Providing for issuance and sale of $8,640,000 General Obligation Refunding Improvement Bonds, Series 1994
Resolution Date Passed
12/13/1993
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<br />Exhibit A <br /> <br />NOTICE OF BOND SALE <br />$8,640,000· <br />GENERAL OBLIGATION IMPROVEMENT REFUNDING <br />BONDS, SERIES 1994 <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 24, 1994 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 10, 1994, will bear <br />interest payable semiannually on each March 1 and September 1, commencing <br />September 1, 1994 and will mature on March 1 in the years and amounts as follows: <br /> <br />Amount Year Amount Year <br />$360,000 1995 $ 995,000 2001 <br />585,000 1996 1,050,000 2002 <br />730,000 1997 1 , 11 0,000 2003 <br />870,000 1998 645,000 2004 <br />890,000 1999 320,000 2005 <br />960,000 2000 125,000 2006 <br />. <br /> <br /> <br />The City may elect on March 1, 2000 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, 2001 at a price of par plus <br />accrued interest to date of redemption. <br /> <br />Bidders must specify a price of not less than $8,553,600 plus accrued interest. <br />A legal opinion on the bonds will be furnished by Holmes & Graven, Chartered, <br />Minneapolis, Minnesota. The proceeds of the bonds will be used to refund the <br />outstanding principal amount of certain general obligation bonds of 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 />DJJt61265 <br />Rl200-13 <br />
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