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In the opinion o[ Bond Counsel, the interest to be paid on the Bonds is not includable in the gross income o[ the
<br />recipient [or United States or Minnesota income tax purposes but is subject to Minnesota taxes on banks and
<br />corporations measured by income.
<br />
<br />OFFICIAL STATEMENT
<br />
<br />(NEW ISSUE)
<br />
<br /> · . $2,045,000
<br />General Obligation
<br />Improvement Bonds of 1984, Series II
<br /> City of Ramsey
<br /> Anoka County, Minnesota
<br />
<br />Bonds Dated: October 1, 1984 Principal Due: April 1, 1987/1996
<br />
<br /> The Bonds are issued pursuant to Minnesota Statutes, Chapter 429 and 475, to finance the cost of various
<br />assessable public improvements in the City. The Bonds will be general obligations of the City for which its full faith
<br />and credit and unlimited taxing powers will be pledged, together with special assessments which will be levied
<br />against benefitting properties.
<br />
<br /> The Bonds will be issued as fully registered Bonds of single maturities in denominations of $5,000 or any
<br />integral multiple thereof, will be dated October 1, 1984, and will mature, serially on October 1, in the years and
<br />
<br />Year Amount Year Amount Year Amount
<br />1987 $300,000 1991 $300,000 1994 $110,000
<br />1988 300,000 1992 ~ 125,000 1995 100,000
<br />1989 300,000 1993 110,000 1996 100,000
<br />1990 300,000
<br />
<br />amounts as follows:
<br />
<br /> Bonds maturing in the years 1993 through 1996 will be subject to redemption at the option of the City on April
<br />1, 1992, and any interest payment date thereafter at a price of par plus accrued interest to the date of redemption.
<br />
<br /> Interest on the Bonds is payable on October 1, 1985, and semiannually thereafter on each April 1 and October
<br />1 to registered owners of the Bonds appearing of record in the Bond Register as of the close of business on the 15th
<br />day of the immediately preceding month. First National Bank of Minneapolis will serve as Bond Registrar,
<br />Transfer Agent and Paying Agent on this issue.
<br />
<br /> Bids must be for not less than $2,005,000 and accrued interest on the total principal amount of the Bonds. Bids
<br />must be accompanied by a certified or cashier's check or bank draft in the amount of $40,900 payable to the City
<br />Clerk-Treasurer.
<br />
<br /> The Bonds are offered subject to the legal opinion of LeFevere, Lefler, Kennedy, O'Brien & Drawz, a
<br />Professional Association, of Minneapolis, Minnesota.
<br />
<br />BIDS RECEIVED UNTIL: 2:00 P.M., C.T., Tuesday, September 25, 1984
<br /> Office of the City Clerk-Treasurer
<br /> Ramsey, Minnesota
<br />BIDS CONSIDERED: 7:30 P.M., C.T., Tuesday, September 25, 1984
<br />RATING: An application has been made to Moody's Investors Service, Inc.
<br />
<br />The date of this Official Statement is September 10, 1984.
<br />
<br />EVENSEN DODGE, INC. FinancialConsultants
<br />3608 IDS Tower, Minneapolis, Minnesota 55402' 612/338-3535
<br />
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