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NOTICE OF BOND SALE
<br /> $235,000
<br />TAXABLE GENERAL OBLIGATION TAX
<br /> INCREMENT BONDS, SERIES 1989C
<br /> CITY OF RAMSEY
<br /> ANOKA COUNTY, MINNESOTA
<br />
<br />Exhibit A
<br />
<br /> NI )'.1' I('.~,; 1~8 IlEREBY GIVEN that sealed bids for the purchase of the above bonds
<br />will bc rcccivc~l ~nil 1:00 p.m., Central Time, on Tuesday, November 28, 1989, in the offices of
<br />S pri ngstc(t, [~ ~coq ~oratcd, 85 East Seventh Place, Suite 100, in St. Paul, Minnesota, at which time
<br />the bids wilt I,~: ~q,cncd and tabulated for consideration by the City Council at a meeting at 7:30
<br />19.~n. on tt~c s~'~:, day. The bonds are offered on the following terms. The bonds will be dated
<br />December- I, 1989, will bear interest payable semiannually on each February 1 and August 1,
<br />comment;n!,; A%,.~st 1, 1990, and will mature on February 1 in the years and amounts as follows:
<br />
<br />Year Amount
<br />
<br />15,000 1996 $30,000
<br />20,000 1997 30,000
<br />20,000 1998 35,000
<br />25,000 1999 35,000
<br />25,000
<br />
<br /> Thc (:ity ,~my elect on February 1, 1997 or on any date thereafter to redeem and prepay
<br />bonds o1' lhi:; i:44~c in whole or in part, in inverse order of maturities and by lot within maturities,
<br />maturing o}~ c,~' :d'lcr Fcbrum'y 1, 1998 at a price of par plus accrued interest to date of redemption.
<br />
<br /> lgi¢tdc~-,; ~,.t~;t specify a price of not less than $231,945 plus accrued interest. A legal
<br />opin ion (m t l~: [~¢,'~d s will be funfished by Holmes & Graven, Chartered, Minneapolis, Minnesota.
<br />Thc procc,.:ds ~!' lite bonds will be used to finance non-public development costs related to a tax
<br />increment fi~,;~ncin:,; disldct in the City.
<br />
<br /> lgiddcc..-; sh~>~dd bc aware that the Official Statement to be distributed for the bonds may
<br />cc>mai n ad<lili{ real bidding terms and information relative to the bonds. In the event of a variance
<br />between g[ai,3tl'l~l:~/14 ill lhis Notice of Bond Sale and the Official Statement, bidders must comply
<br />wilh thc tc;-n~s oi' tt~e l',tllcr.
<br />
<br />BY ORDER OF THE CITY COUNCIL
<br />
<br />/s/ David Hartle¥
<br />
<br />City Administrator
<br />
<br />
<br />
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