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I <br />I <br /> <br />Members of the City Council <br />City of Ramsey, Minnesota <br /> <br />Sale Date: <br /> <br />June 26, 1984 <br /> <br />! <br />! <br />! <br />! <br />! <br /> <br />Members of the City Council: <br /> <br />For all or none of the principal amount of $90,000 General Obligation <br />Equipment Certificates of Indebtedness cf your City, legally issued and <br />as described in the Official Notice of Bond Sale, we will pay the <br />City <br /> <br />(not less than $88,500) plus accrued interest on the total principal of <br />to date of delivery, provided the Bonds bear the following interest <br /> <br />rates: <br /> <br />Year A~.ount <br />1986 ~.~O $20,000 <br />1987 ~'~ ~ 20,000 <br />1988 ~.~e 20,000 <br />1989 ~ ,~ 20,000 <br /> <br />I <br />I <br /> <br />The Bonds mature on April 1 in each of the years as indicated above and <br />interest is payable April 1, 1985, and semiannually thereafter on <br />October 1 and April 1 of each year. <br /> <br />This bid is made for prompt acceptance and subject to the conditions <br />of the Notice of Bond Sale. We will wire a good faith deposit check in <br />the amount of $2,700, to the City, upon notification of bid award. <br /> <br />NOT PART OF THE BID <br /> <br />Explanatcry Note: According <br />to our computation, this bid <br />involves the following: <br /> <br />Net IntereSt Cost <br /> <br />Net Interest Rate <br /> <br />Respectfully submitted, <br /> <br />The First National Bank of St. Paul <br /> <br />Syndicate Manager <br /> <br /> J.~_.._yag~ad. ~i~e President <br /> (A '~{st of ~2~irms associated <br />with us in this bid is on the <br />reverse side of this proposal.) <br /> <br />The foregoing offer is hereby <br />accepted by and on behalf of the <br />City of Ramsey, Minnesota, this <br />26th day of June, 1984. <br /> <br />Attest <br /> <br />City of Ramsey, Minnesota <br /> <br />CftY of Ramsey, Minnesota <br /> <br /> <br />