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Last modified
7/17/2007 8:36:50 AM
Creation date
12/2/2004 8:45:12 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9148
Resolution Title
Providing for the issuance and sale of $3,000,000 General Obligation Tax Increment Bonds, Series 1995 (1/23/95).
Resolution Date Passed
1/23/1995
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<br />Exhibit A <br /> <br />NOTICE OF BOND SALE <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 />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, April 24, 1995, 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 5:30 o'clock P.M. on the same day. The bonds are <br />offered on the following terms. The bonds will be dated May 15, 1995, will bear <br />interest payable semiannually on each March 1 and September 1, commencing <br />September 1, 1995, and will 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 />The City may elect on March 1, 2001 or on any date thereafter, to redeem and <br />prepay Bonds due on or after March 1, 2002. Redemption may be in whole or in part <br />and if in part, at the option of the City and in such order as the City will determine <br />and within a maturity lot as selected by the registrar. All payments will be at a price <br />of par plus accrued interest. <br /> <br />Bidders must specify a price of not less than $6,403,000 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 finance the costs <br />of public improvements and facilities in Development District No.1 in the City. <br /> <br />DJJt81515 <br />RS200-14 <br />
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