Laserfiche WebLink
<br />OFFICIAL TERMS OF OFFERING <br /> <br />$3,000,000 General Obligation Tax <br />Increment Bonds, Series 1995 <br />City of Roseville <br />Ramsey County, Minnesota <br />(Global Book Entry System) <br /> <br />Sealed bids for the Bonds will be opened by the City Manager or designee on <br />Monday, April 24, 1995, at 12 :00 Noon, Central Time, at the City Hall, 2660 Civic <br />Center Drive, Roseville, Minnesota. Consideration for award of the Bonds will be <br />by the City Council at a meeting held at 5:30 o'clock P.M. on the same day. <br /> <br />THE BONDS <br /> <br />Details of the Bonds. The Bonds will be issued using a Global Book Entry <br />System. One Global Certificate representing the aggregate principal amount of the <br />Bonds maturing in each year (the "Global Certificates") will be issued and fully <br />registered as to principal and interest in the name of Kray & Co. , as nominee of the <br />Midwest Securities Trust Company (the "Depository"), a Securities and Exchange <br />Commission (the" SEC") registered depository, an Illinois trust company t a member <br />of the Federal Reserve System and a "clearing corporation" within the meaning of the <br />Illinois Uniform Commercial Code. <br /> <br />The Bonds will be dated May 15, 1995 and will bear interest payable on March <br />1 and September 1 of each year, commencing September 1, 1995. The Bonds will <br />mature on March 1, in the years and amounts as follows: <br /> <br />Year Amount Year Amount <br />1996 $135,000 2004 $205,000 <br />1997 140,000 2005 215,000 <br />1998 150,000 2006 230,000 <br />1999 155,000 2007 240,000 <br />2000 165,000 2008 255,000 <br />2001 175,000 2009 270,000 <br />2002 185,000 2010 285 , 000 <br />2003 195 , 000 <br /> <br />Optional Redemption. The City may elect on March 1, 2001 or on any date <br />thereafter to redeem and prepay Bonds due on or after March 1, 2002. Redemption <br />may be in whole or in part of the Bonds remaining unpaid which have the latest <br />maturity date will be prepaid first. If a maturity is prepaid only in part, <br />prepayments will be in integral multiples of $5 ,000 of principal within maturity by lot <br />as selected by the Registrar. All such prepayments will be at a price of par plus <br />accrued interest. <br /> <br />DJK81515 <br />RS200-14 <br />