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<br />
<br />THE CITY HA~ AUTHOR?ED SPRINGSTED INCORPORATED TO NEGOTIATE THIS
<br />ISSUE ON ITS BEHALF. PROPOSALS WILL BE RECEIVED ON THE FOLLOWING BASIS:
<br />
<br />TERMS OF PROPOSAL
<br />
<br /> $2,6D0,000
<br /> CITY OF RAMSEY, MINNESOTA
<br />GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1995A
<br />
<br />(BOOK ENTRY ONLY)
<br />
<br />Proposals for thq~ Bonds will be received on Tuesday, March 21, 1995, until 11:00 A.M., Central
<br />Time, at the crffi{=es of Springsted Incorporated, 85 East Seventh Place, Suite 100, Saint Paul,
<br />Minnesota, after,which time they will be opened and tabulated. Consideration for award of the
<br />Bonds will be by!the City Council at 7:00 P.M., Central Time, of the same day.
<br />
<br /> SUBMISSION OF PROPOSALS
<br />
<br />Proposals may
<br />Signed Proposa;
<br />time of sale. TI
<br />price and ceupc
<br />submitted Prop~
<br />Springsted prior
<br />via PARITY, in
<br />within a one-hoL
<br />received after th
<br />of Participation, t
<br />obtained from I:
<br />information aboL
<br />Suite 100, Belle~
<br />Springsted In=or
<br />are advised that
<br />and the City to pi
<br />
<br />~e submitted in a sealed envelope or by fax (612) 223-3002 to Springsted.
<br />- without final price or coupons, may ix= submitted to Springsted prior to the
<br />;; bidder shall be responsible for submitting to Sprlngsted the final Proposal
<br />'m, by telephone (612) 223-3000 or fax (612) 223-3002 for inclusion in the
<br />~al. Springsted will assume no liability for the inability of fl~e bidder to reach
<br />to the time of sale specified above. Proposals may also be filed electronically
<br />ir.~ordance with PARITY Rules of Participation and the Terms of Proposal,
<br /> period prior to the time of sale established above, but no Proposals will be
<br />~t time. If provisions in the Terms of Proposal conflict with the PARITY Rules
<br />he Terms of Proposal shall control. The normal fee for use of PARITY may be
<br />ARITY and such fee shall be the responsibility of the bidder. For further
<br />~t PARITY, potential bidders may contact PARITY at 100 116th Avenue SE,
<br />,ue, Washington 98004, telephone (206) 635-3545. Neither the City nor
<br />mrated assumes any liability if there is a malfunction of PARITY. All bidders
<br />each Proposal shall be deemed to constitute a contract between the bidder
<br />Jmhase the Bonds regardless of the manner of the Proposal submitted.
<br />
<br /> DETAILS OF THE BONDS
<br />
<br />The Bonds will I~e dated March 1, lg95, as the date of original issue, and will bear interest
<br />payable on Febduary 1 and August 1 of each year, commencing August 1, 1995. Interest will
<br />be computed onlhe basis of a 360-day year of twelve 30-day months.
<br />
<br />The Bonds will mature February 1 in the years and amounts as follows:
<br />
<br />I g~ $ 95.0~ r 2000 $105,000 2004 $200,000 2008 $245,000
<br />1997 $ 90,000 ~ 2001 $110,000 2005 $210,000 2009 $260,000
<br />1998 $ 95,000 ~ 2002 $180,000 2006 $220,000 2010 $275,000
<br />1999 $100,000 , 2003 $185,000 2007 $230,000
<br />
<br /> BOOK ENTRY SYSTEM
<br />The Bonds will be Issued by means of a book entry system with no :physical distribution of
<br />Bonds made to f;he public. The Bonds will be issued in fully registered form and one Bond,
<br />
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