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CCRes_85-21
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CCRes_85-21
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r: <br />EXHIBIT B <br />OFFICIAL TERP9S OF <br />BOND SALE <br />$1,300,000 <br />GENERAL OBLIGATION TAX INCREMENT <br />BONDS OF 1985 <br />CITY OF FALCON HEIGHTS <br />RAMSEY COUNTY <br />MINNESOTA <br />• <br />NOTICE IS HEREBY GIVEN that these bonds will be offered for <br />sale according to the following terms: <br />TIME AND PLACE: Monday, June 10, 1985, at 6:00 <br />o'clock P.M., Central Time at the <br />City Hall in Falcon Heights, <br />Minnesota. <br />TYPE OF BONDS: Fully registered general obligation <br />bonds, $5,000 or larger denomina- <br />tions at the option of the bidder. <br />DATE OF ORIGINAL <br />ISSUE OF BONDS: June 1, 1985. <br />PURPOSE: To defray the expense of certai n <br />capital and administration costs <br />within Development District No. 1 <br />in the City. <br />INTEREST PAYMENTS: March 1, 1986, and semiannually <br />thereafter on September 1 and March <br />1. <br />MATURITIES: March 1 in each of the years and <br />amounts as follows: <br />1989 - 1990 $ 50,000 <br />1991 - 1993 $ 100,000 <br />1994 $ 125,000 <br />1995 - 1996 $ 150,000 <br />1997 $ 175,000 <br />1998 $ 300,000 <br />• <br />
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