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NOTICE OF BOND SALE
<br /> $235,000
<br />GENERAL OBLIGATION TAX
<br />INCREMENT BONDS, SERIES 1959B
<br />CITY OF RAMSEY
<br /> ANOKA COUNTY, MINNESOTA
<br />
<br />Exhibit A
<br />
<br /> N()'/~( i~,; tS 'IIEREBY GIVEN that sealed bids for the purchase of the above bonds
<br />will be rcccivc{i t l~lil 1:00 p.m., Central Time, on Tuesday, November 28, 1989, in the offices of
<br />S pringstcd, h t,.:,~q ;orated, 85 East Seventh Place, Suite 100, in St. Paul, Minnesota, at which time
<br />thc bids will b~ cinched and tabulated for consideration by the City Council at a meeting at 7:30
<br />10.in. on lt~c s;t~?,c ~lay. The bonds are offered on the following terms. The bonds will be dated
<br />l)occmbcr I, 191-;!), will bear interest payable semiannually on each February 1 and August 1,
<br />commc~ci,k~,,/xt~? [st I, 1990, and will mature on February 1 in the years and amounts as follows:
<br />
<br />· 5~¢;L' A motlnt Year Amount
<br />
<br />$20,000 1995 $25,000
<br />20,000 1996 25,000
<br />25,000 1997 30,000
<br />25,000 1998 30,000
<br /> 1999 35,000
<br />
<br /> Thc (.:il ~ ~-~ay elect on February 1, 1997 or on any date thereafter to redeem and prepay
<br />bonds of th i; iN:qtl(~ ill whole or ira part, in inverse order of maturities and by lot within maturities,
<br />mat uri~g (>~ c,~ ~'K'r l:cbruary 1, 1998 at a price of par plus accrued interest to date of redemption.
<br />
<br /> Bitl<lc~'.,; f~y;t specify a price of not less than $231,945 plus accrued interest. A legal
<br />opin ion ~ Ih,~, i~(~,d s will be fitrnished by Holmes & Graven, Chartered, Minneapolis, Minnesota.
<br />Thc in'oeec, d,,: t)l' th~ bonds will be used to finance public development costs related to a tax
<br />increment Fi~;~n,:i,~::; district in the City.
<br />
<br /> I~id<l~z~'s; :-;h,.mld tlc aware that the Official Statement to be distributed for the bonds may
<br />contain actdifit,rt;~i bidding terms and information relative to the bonds. In the event of a variance
<br />bctwcct~ st;t~,~.:.;~l:4 in this Notice of Bond Sale and the Official Statement, bidders must comply
<br />wilh thc Ic['~'~ ts: ~q' linc. Jailer.
<br />
<br />BY ORDER OF THE CITY COUNCIL
<br />
<br />/s/ David Hartley
<br />City Administrator
<br />
<br />I)atcd: Nov~:~fi:,cr"':,. 19,59
<br />
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