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CCRes_84-09
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CCRes_84-09
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7/14/2009 10:16:11 AM
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., <br /> <br />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 />$1,054,000 and accrued interest on <br />the principal sum of $1,075,000 <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 $21,000, <br />payable to the order of the <br />Clerk-Administrator of the issuer <br />must accompany each bid, to be <br />forfeited as liquidated damages if <br />bidder fails to comply with <br />accepted bid. Bids for the bonds <br />should be addressed to: <br />Dewan B. Barnes, <br />Clerk-Administrator <br />City Hall <br />2077 W. Larpenteur Avenue <br />Falcon Heights, Minnesota 55113 <br />RATES: All rates must be in integral <br />multiples of 1/20th of 1$ and may <br />not exceed the maximum rate allowed <br />bx law at the time of sale. No <br />limitation is placed upon the <br />number of rates which may be used. <br />AWARD: Award will be made solely on the <br />basis of lowest dollar interest <br />cost, determined by addition of any <br />discount to and deduction of any <br />premium from the total interest on <br />all bonds from their date to their <br />• <br />
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