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! <br />I <br />I <br />I <br />! <br /> <br />Members 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 />For all or none of the principal amount of ~~0 General Obligation <br />Improvement Bonds of 1984 of your City, legally issued and as described <br />in the Official Notice of Bond Sale, we will pay the City <br />$ 'lbq c,c\. <br />(not less ~han $186,500) plus) accrued interest on the total' principal <br />of to date of delivery, provided the Bonds bear the following interest <br />rates: <br /> <br />Year Amount Year <br />'1986 ~"~ $~ ~ 8 fr6~ $30,000 1991 10,000 <br />1987 8,~O - ~709f~ $25,000 1992 10,000 <br />1988 c~ . co. 2~ 25,000 1993 10,000 <br />1989 c~,~ 2~ 20,000 1994 10,000 <br />1990 C~,q~ ~ 20,000 1995 10,000 <br /> <br />Amount <br />~20,000 <br /> 20,000 <br /> 20,000 to · <br /> 20,000 <br /> 20,000 \\~ <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 i 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 $5,700, to the City, upon notification of bid award. <br /> <br />NOT PART OF THE BID <br /> <br />Respectfully submitted, <br /> <br />Explanatory Note: According <br />to our computation, this bid <br />involves the following: <br /> <br />Net Interest Cost <br /> <br />Net Interest Pate <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 />City of Ramsey, Minnesota <br /> <br /> <br />