Resolution - #85-029 - 02/12/1985

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OFFICIAL NOTICE OF SALE $705,000 General Obligation Refunding Improvement Bonds, Series 1985 City of Ramsey Anoka County, Minnesota NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the above bonds will be received until 11:00 a.m. C.T. on Wednesday, February 27, 1985 in the office of the City Clerk-Treasurer, City Hall, Ramsey, Minnesota, at which time the bids will be opened and tabulated for consideration by the City Council at a meeting at 7:30 p.m. C.T. on the same day. The bonds are offered on the following terms: Purpose: Security: Form The purpose of the bonds is to provide funds to refund in advance of maturity the outstanding principal amount of the City's General Obligation Improvement Bonds of 1981, dated October 1, 1981. The bonds will be general obligations of the issuer, for which its full faith, credit and taxing powers are pledged together with special assessments which have been levied against benefitted properties. The bonds will be issued in fully registered form. Date and Maturities The bonds will be dated April 1, 1985, will be in denomination of $5,000 each or any integral multiple thereof, and will mature on April 1 in the following years and amounts: YEAR AMOUNT YEAR AMOUNT 1986 $ 95,000 1990 $105,000 1987 90,000 1991 105,000 1988 105,000 1992 105,000 1989 100,000 Redemption Feature Bonds maturing after April I, 1991 will be subject to redemption and prepayment at the option of the City in whole, or if in part in inverse order of maturities and by lot within maturities, on said date and any interest payment date thereafter, at par plus accrued interest.