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NOTICE OF BOND SALE
<br />• $585,000 GENERAL OBLIGATION
<br />IMPROVEMENT BONDS, SERIES 1991
<br />CITY OF FALCON HEIGHTS, MINNESOTA
<br />NOTICE IS HEREBY GIVEN that the City of Falcon Heights,
<br />Minnesota, will receive sealed bids for the purchase of $585,000 General Obligation
<br />Improvement Bonds, Series 1991, of the City (the Bonds), at the office of Ehlers and
<br />Associates, Inc. in Minneapolis, Minnesota until 11:30 a.m. on Wednesday, May 22,
<br />1991, at which time the bids will be opened and tabulated in the presence of an
<br />officer of the City. The City Council will meet in the City Hall at 7:00 p.m. that same
<br />date to consider the bids and award the sale of the Bonds. The Bonds will be issued
<br />for the purpose of financing local improvements within the City. The Bonds will be
<br />issuable as fully registered bonds of single maturities, in denominations of $5,000 or
<br />any integral multiple thereof, will be dated, as originally issued, as of June 16, 1991,
<br />and will mature on February 1 in the following years and amounts:
<br />Year Amount
<br />1993 $70,000
<br />1994 55,000
<br />1995 55,000
<br />1996 55,000
<br />•
<br />1997 55,000
<br />1998 55,000
<br />1999 60,000
<br />2000 60,000
<br />2001 60,000
<br />2002 60,000
<br />The Bonds will be issued only in fully registered form and when issued, will be
<br />issued in the name of Cede & Co., as nominee for The Depository Trust Company,
<br />New York, New York, which will act as securities depository for the Bonds. Interest
<br />will be payable on each February 1 and August 1, commencing February 1, 1992.
<br />Bonds having stated maturities in 1997 and later years are each subject to
<br />redemption, at the option of the City and in whole or in part, and if in part, in
<br />inverse order of maturities, and in $5,000 principal amounts selected by lot within a
<br />maturity, on February 1, 1996, and on any interest payment date thereafter at a price
<br />equal to the principal amount thereof to be redeemed plus interest accrued to the
<br />date of redemption. A legal opinion will be furnished by Dorsey & Whitney, of
<br />Minneapolis, Minnesota. Copies of a statement of Terms and Conditions of Sale
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