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M~mbers of the City Council <br />City of Ramsey, Minnesota <br /> <br />Sale Date: <br /> <br />June 26, 1984 <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 of 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 $S8,500) plus accrued interest on the total principal of <br /> <br />to date of delivery, provided the Bonds bear the following interest <br /> <br />rates: <br /> <br />Year ~ount <br />1986 q ~O $20,000 <br />1987 ~.oX~ 20,000 <br />1988 ~'~© 20,000 <br />1989 q ,GO 20,000 <br /> <br />I <br /> <br /> I <br /> I <br />I <br />I <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 />¥3H - Bidding Alone <br /> <br /> NOT PART OF THE BID <br /> <br />Explanatory 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 /> Piper, Jaffray & Hop~:~d. lr',corporat~ <br /> Suite 800 <br /> 733 Marque~e A~' <br />s-y : ......... <br /> <br />~ ~ow~s,_Sr~e President <br />(A li~ 0f the -fi~s associated <br />with% 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 /> City of Ra3nsey, Minnesota <br /> <br />City of Ramsey, Minnesota <br /> <br /> <br />