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Resolution - #81-117 - 08/25/1981
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Resolution - #81-117 - 08/25/1981
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#81-117
Document Date
08/25/1981
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Exhibit "A" <br /> <br />NOTICE OF SALE <br /> <br />$815,000 General Obligation Improvement Bonds of 1981 <br /> City of Ramsey <br /> Anoka County, Minnesota <br /> <br /> These bonds will be offered on Wednesday, September 16, 1981, at <br />5:00 o'clock p.m., C.T., at the City Hall in Ramsey, Minnesota. Dated <br />October 1, 1981, the bonds will mature on April 1 in the years and amounts <br />as follows: <br /> <br />Year Amount Year Amount <br /> <br />1983 $50,000 1988 $ 90,000 <br />1984 65,000 1989 90,000 <br />1985 65,000 1990 100,000 <br />1986 75,000 1991 100,000 <br />1987 75,000 1992 105,000 <br /> <br />Ail bonds maturing after April 1, 1988, are subject to prior redemption on <br />said date and any interest payment date thereafter at par plus accrued <br />interest. Interest will be payable on October 1, 1982, and semiannually <br />thereafter. Each rate must be in an integral multiple of 5/100 or 1/8 of <br />1% and no rate may exceed ]2% per annum. Minimum price, $799,050. An <br />unqualified legal opinion will be furnished by Messrs. LeFevere, Lefler, <br />Kennedy, O'Brien & Drawz, A Professional Association, of Minneapolis, <br />Minnesota. The purpose of the bonds is to finance various assessable <br />public improvements in the City. <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />Dated: <br /> <br />August 25, 1981. <br /> <br />/s/ Lloyd G. Schnelle <br />City Administrator/Clerk-Treasurer <br /> <br /> <br />
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