Agenda - Council - 06/26/1984 - Laserfiche WebLink

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Members of the City Council City of Ramsey, Minnesota Sale Date: June 26, 1984 Members of the City Council: $170,000 For all or none of the principal a/nount of $~307~0 General Obligation Improvem..~.t Bonds of 1984 of your City, legally issued and as described in the O: ficial Notice of Bond Sale, we will pay the City (not less than $186,500) ~ accrued interest on the "total 'p~in~iPal of to date of delivery, provided the Bonds bear the following interest rates: Year Amount Year 1986 q .Cf> $~7~ 30,000 1991 10,000 1987 ~.CO -~7~q~ 25,000 1992 10,000 19 88 c~, OCD -2~7~)~ 25,000 199 3 10,000 1989 ~ Oo -2~7~ 20,000 1994 10,000 1990 ' -2~ 7 ~0~ 20,000 1995 10,000 Amount ?.-8.-,-8- e .e \o, oQ -2-e-,--eec (c,, The Bonds mature on April 1 in each of the years as indicated above and interest is payable April 1, 1985, and semiannually thereafter on October 1 and April 1 of each year. This bid is made for prompt acceptance and subject to the conditions of the Notice of Bond Sale. We will wire a good faith deposit check in the a~ount of $5,700, to the City, upon notification of bid award. NOT PART OF THE BID Respectfully submitted, Explanatory Note: According to our computation, this bid involves the following: Net Interest Cos~- Net Interest Rate The First National Bank of St. Paul Syndicate Manager (~ fls~a~a~ic~i President rms associated with us in this bid is on the reverse side of this proposal.) The foregoing offer is hereby accepted by and on behalf of the City of Ramsey, Minnesota, this 26th day of June, 1984. Attest City of Ramsey, Minnesota City of Ramsey, Minnesota