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04-27-1983 Council Agenda
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04-27-1983 Council Agenda
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OFFICIAL TERMS OF <br />BOND SALE <br />$1,480,000 <br />GENERAL OBLIGATION IMPROVEMENT <br />BONDS OF 1983 <br />CITY OF LITTLE CANADA <br />RAMSEY COUNTY <br />MINNESOTA <br />NOTICE IS HEREBY GIVEN that these <br />the following terms: <br />TIME AND PLACE: <br />TYPE OF BONDS: <br />DATE OF BONDS: <br />PURPOSE: <br />INTEREST PAYMENTS: <br />MATURITIES: <br />REDEMPTION: <br />PAYING AGENT: <br />bonds will be offered for sale according to <br />Wednesday, April 27, 1983, 7:30 P.M., <br />Central Time, at the City Hall in Little <br />Canada, Minnesota. <br />Negotiable coupon general obligation <br />bonds, $5,000 or larger denominations at <br />the option of the successful bidder. <br />May 1, 1983. <br />To refund, in part, the outstanding <br />$1,060,000 General Obligation Temporary <br />Improvement Bonds of 1981 of the City on <br />October 1, 1983, at a price of par and <br />accrued interest and to defray the expense <br />of the construction of various <br />improvements in the City. <br />December 1, 1983, and semiannually <br />thereafter on June 1 and December 1. <br />December 1 in each of the years and <br />amounts as follows: <br />1985 $130,000 <br />1986 -1995 $135,000 <br />All dates are inclusive. <br />At the option of the issuer, bonds <br />maturing on or after December 1, 1991, <br />shall be subject to prior payment, in <br />inverse order of serial numbers, on <br />December 1, 1990, and any interest payment <br />date thereafter, at a price of par and <br />accrued interest. <br />Bidder's discretion. <br />
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