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Resolution - #80-67 - 07/08/1980
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Resolution - #80-67 - 07/08/1980
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3/26/2025 10:46:20 AM
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#80-67
Document Date
07/08/1980
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Exhibit "A" <br /> <br />NOTICE OF SALE <br /> <br />$875,000 General Obligation Improvement Bonds of 1980 <br /> City of Ramsey <br /> Anoka County, Minnesota <br /> <br /> These bonds will be offered on Tuesday, July 29, 1980, at 5:00 <br />o'clock p.m., C.T., at the City Hall in Ramsey, Minnesota. Dated Septem- <br />ber 1, 1980, the bonds will mature on September 1 in the years and amounts <br />as follows: <br /> <br />Year Amount Year Amount <br />~981 $55,000 1986 $ 95,000 <br />1982 65,000 1987 100,000 <br />1983 70,000 1988 105,000 <br />1984 75,000 1989 115,000 <br />1985 80,000 1990 115,000 <br /> <br />All bonds are issued without right of prior redemption. Interest will be <br />payable on September 1, 1980, and semiannually thereafter. Each rate mus,t <br />be in an integral multiple of 5/]00 of 1% and no rate may exceed 12% per <br />annum. Minimum price, $860,000. An unqualified legal opinion will be <br />furnished by Messrs. LeFevere, Lefler, Pearson, O'Brien & Drawz of Minne- <br />apolis, Minnesota. The purpose of the bonds is to finance various assess- <br />able public improvements in the City. <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />Dated: July 8, 1980. <br /> <br />/s/ Lloyd Schnelle <br /> <br />City Clerk-Treasurer <br /> <br /> <br />
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