Laserfiche WebLink
TERMS AND CONDITIONS OF SALE <br />. $335,000 GENERAL OBLIGATION CAPITAL NOTES OF 1990 <br />CITY OF FALCON HEIGHTS, MINNESOTA <br />Sealed bids for the purchase of $335,000 General <br />Obligation Capital Notes of 1990 (the Notes), of the City of <br />Falcon Heights, Minnesota (the City), will be received at the <br />office of the City Clerk unti112:30 o'clock, p.m., on <br />February 14, 1990, at which time the bids will be opened and <br />tabulated. The City Council will meet at the City Hall in the <br />City at 7:00 o'clock, p.m., on the same day to consider the <br />bids and award the sale of the Notes. This is a statement of <br />the terms and conditions upon which the bids for the purchase <br />of the Notes will be received, the sale thereof awarded and the <br />Notes issued. <br />PURPOSE AND SECURITY <br />The Notes will be issued for the purpose of financing <br />the purchase of public safety equipment, road construction or <br />maintenance equipment and other capital equipment, in <br />accordance with the provisions of Minnesota Statutes, Section <br />412.301 and Chapter 475. The Notes will be general obligations <br />of the City for which the City will pledge its full faith, <br />credit and taxing powers. <br />• DATE, TYPE, DENOMINATION AND MATURITIES <br />The Notes will be dated, as originally issued, as of <br />February 1, 1990, will be in fully registered form and in <br />denominations of $5,000 or any integral multiples thereof, of <br />single maturities, and will mature on February 1 in the years <br />and amounts set forth below: <br />Year Am un <br />1991 $75,000 <br />1992 85,000 <br />1993 85,000 <br />1994 90,000 <br />The Notes will not be subject to redemption or prepayment. <br />C7 <br />-4- <br />