Agenda - Council - 09/25/1984 - Laserfiche WebLink

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I I I I I I I I I I I I I I I Members of the City Council City of Ramsey, Minnesota Sale Date: September 25, 1984 Members of the City Council: For all or none of the principal amount of $2,045,000 General Obligation Improvement Bonds of 1984, Series II of your City, legally issued and as described in the Official Notice of Sale, we will pay the City $ (not less than $2,005,000) plus accrued interest on the total principal of $2,045,000 to date of delivery, provided the Bonds bear the following interest rates: Year Amount Rate ~ear Amount Rate % % % % % 1987 $300,000 % 1992 $125,000 1988 300,000 % 1993 110,000 1989 300,000 % 1994 110,000 1990 300,000 % 1995 100,000 1991 300,000 % 1996 100,000 The Bonds mature on April 1 in each of the.years as indicated above and interest is payable October 1, 1985, and semiannually thereafter on April 1 and October 1 of each year. This bid is made for prompt acceptance and subject to the conditions'~ of the Official Notice of Sale. We enclose, herewith, our good fait~~ check in the amount of $40,900. NOT PART OF THE BID Respectfully submitted, Explanatory Note: According to our computation, this bid involves the following: $ Net Interest Cost Net Interest Rate Syndicate Manager (A list of the firms associated with us in this bid is on the reverse side of this proposal..). I hereby acknowledge receipt of the above-described good faith check. The foregoing offer is hereby accepted by and on behalf of the City of Ramsey, Minnesota this 25th day of September, 1984. City of Ramsey City of Ramsey ~