Laserfiche WebLink
TERMS AND CONDITIONS OF SALE <br />• $585,000 GENERAL OBLIGATION <br />IMPROVEMENT BONDS, SERIES 1991 <br />CITY OF FALCON HEIGHTS, MINNESOTA <br />Sealed bids for the purchase of $585,000 General Obligation <br />Improvement Bonds, Series 1991 (the Bonds) of the City of Falcon Heights, <br />Minnesota (the City) will be received at the office of Ehlers and Associates, Inc. in <br />Minneapolis, Minnesota until 11:30 a.m., on Wednesday, May 22, 1991, at which <br />time they will be opened, read and tabulated in the presence of an officer of the City. <br />The City Council will meet in the City Hall at 7:00 p.m. on the same date to consider <br />the bids and award the sale of the Bonds. This is a statement of the terms and <br />conditions upon which the bids for the purchase of the Bonds will be received, the <br />sale thereof awarded and the Bonds issued. <br />PURPOSE <br />The Bonds will be issued for the purpose of financing the cost of <br />construction of local improvements within the City, in accordance with the <br />provisions of Minnesota Statutes, Chapters 429 and 475. <br />TYPE, DENOMINATION, MATURITIES AND REDEMPTION <br />• The Bonds will be dated, as originally issued, as of June 16, 1991, will be <br />issued as negotiable investment securities in registered form as to both principal and <br />interest and will be issued in denominations of $5,000 or any integral multiple <br />thereof, of single maturities. The Bonds will mature on February 1 in the following <br />years and amounts: <br />Year Amount <br />1993 $70,000 <br />1994 55,000 <br />1995 55,000 <br />1996 55,000 <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 />• s <br />