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CCRes_85-21
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CCRes_85-21
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7/14/2009 10:22:34 AM
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• DELIVERY: Forty days after award subject to <br />approving legal opinion of Briggs <br />and Morgan, Professional <br />Association, of St. Paul and <br />Minneapolis, Minnesota. Bond <br />printing and legal opinion will be <br />paid by Issuer and delivery will be <br />anywhere in the continental United <br />States without cost to the <br />Purchaser. Legal opinion will be <br />printed on the bonds at the request <br />of the successful bidder. <br />TYPE OF BID: Sealed bids of not less than <br />$1,280,500 and accrued interest on <br />the principal sum of $1,300,000 <br />from date of original issue of the <br />bonds to date of delivery must be <br />filed with the undersigned prior to <br />the time of sale. Bids must be <br />unconditional except as to <br />legality. A certified or cashier's <br />check in the amount of $26,000, <br />payable to the order of the <br />Clerk-Treasurer of the Issuer must <br />• accompany each bid, to be forfeited <br />as .liquidated damages if bidder <br />fails to comply with accepted bid. <br />Bids for the bonds should be <br />addressed to: <br />Dewan B. Barnes, Clerk-Treasurer <br />City Hall <br />2077 W. Larpenteur Avenue <br />Falcon Heights, Minnesota 55113 <br />RATES: All rates must be in integral <br />multiples of 1/20th of 1$ and may <br />not exceed the maximum rate allowed <br />by law at the time of sale. No <br />limitation is placed upon the <br />number of rates which may be used. <br />All bonds of the same maturity must <br />bear a single uniform rate from <br />date of issue to maturity and no <br />rate of any maturity may be lower <br />than the highest rate applicable to <br />bonds of any preceding maturities. <br />C7 <br />
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