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

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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 Year 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 t, 1985, and semiannually thereafter on April ! and October 1 of each year. This bid is made for prompt acceptance and subject to the conditions of the Official No~ice of Sale. We enclose, herewith, our good faith check ~n 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 %amsey, Minnesota this 25th day'of September, 1984. City of Ramsey City of Ramsey