05-26-1982 Council Agenda - Laserfiche WebLink

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EXHIBIT A NOTICE OF BOND SALE $1,475,000 CITY OF LITTLE CANADA RAMSEY COUNTY MINNESOTA GENERAL OBLIGATION IMPROVEMENT BONDS OF 1982 These bonds will be offered Wednesday, May 26, 1982, at 7:15 P.M., Central Time, at the City Hall, in Little Canada, Minnesota. The bonds will be dated June 1, 1982, and interest will be payable December 1, 1982, and semiannually thereafter. The bonds will be general obligations of the Issuer for which its unlimited taxing powers will be pledged. The bonds will mature on December 1 in the amounts and years as follows: $ 95,000 in each of the years 1983 to 1985; $100,000 in each of the years 1986 to 1988; $110;000 in each of the years 1989 to 1991; $120,000 in the year 1992; $125,000 in the year 1993; $135,000 in the year 1994; $140,000 in the year 1995; $ 20,000 in each of the years 1996 to 1997; All dates are inclusive. All bonds maturing on or after December 1, 1993, are subject to prior payment on December 1, 1992, and any interest payment date thereafter at a price of par and accrued interest. Sealed bids for not less than $1,446,237.50 and accrued interest on the principal sum of $1,475,000 will be accepted. No rate of interest nor the net effective average rate of the issue may'exceed 15% per annum. An acceptable approving legal opinion will be furnished by Briggs and Morgan, Professional Association, of St. Paul and Minneapolis, Minnesota. The proceeds will be used to refund at maturity the City's outstanding General Obligation Temporary Improvement Bonds of 1979, dated August 1, 1979. Dated: May 12, 1982 BY ORDER OF THE CITY COUNCIL Additional information may be obtained from: Juran & Moody, Inc. 114 East Seventh Street St. Paul, Minnesota 55101 Telephone No: 612- 298 -1524 /s/ Joseph G. Chlebeck . 01 City Clerk