04-27-1983 Council Agenda - Laserfiche WebLink

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CUSIP NUMBERS: DELIVERY: TYPE OF BID: RATE: AWARD: It is anticipated that CUSIP numbers will be printed on said bonds, but neither the failure to print such numbers or any bond nor any error with respect thereto shall constitute cause for a failure or refusal by the purchaser thereof to accept delivery of and pay for said bonds in accordance with terms of the purchase contract. Forty days after award subject to approving legal opinion of Briggs and Morgan, Professional Association, of St. Paul and Minneapolis, Minnesota. Bond printing and legal opinion will be paid by issuer and delivery will be anywhere in the continental United States without cost to the purchaser. Legal opinion will be printed on the bonds at the request of the successful bidder. Sealed bids of not less than $1,450,992 and accrued interest on the principal sum of $1,480,000 from date of bonds to date of delivery must be filed with the undersigned prior to the time of sale. Bids must be unconditional except as to legality. A certified or cashier's check in the amount of $29,600, payable to the order of the Treasurer of the issuer must accompany each bid, to be forfeited as liquidated damages if bidder fails to comply with accepted bid. Bids for the bonds should be addressed to: Joseph G. Chlebeck City Clerk City Hall 515 Little Can?d:a Road Little Canada, AN 55117 All rates must be in integral multiples of 1 /20th or 1 /8th of 1% and may not exceed the maximum rate allowed by law at the time of sale. Additional interest coupons may not be used. No limitation is placed upon the number of rates which may be used. Award will be made solely on the basis of lowest dollar interest cost, determined by addition of any discount to and deduction of any premium from the total interest on all bonds from their date to their stated maturity. The net effective average rate of the issue may not exceed the maximum rate allowed by law at the time of sale. 0 jd