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10-24-2016 Council Packet
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10-24-2016 Council Packet
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City Council
Council Document Type
Council Packet
Meeting Date
10/24/2016
Council Meeting Type
Regular
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C-1 <br />486866v1 JAE LN140-117 <br />EXHIBIT C <br /> <br />NOTICE OF CALL FOR REDEMPTION <br /> <br /> <br />$2,460,000 <br />CITY OF LINO LAKES, MINNESOTA <br />GENERAL OBLIGATION TAX ABATEMENT BONDS <br />SERIES 2006C <br /> <br /> NOTICE IS HEREBY GIVEN that, by order of the City Council of the City of Lino Lakes, <br />Anoka County, Minnesota (the “City”), there have been called for redemption and prepayment on <br /> <br />February 1, 2017 <br /> <br />all outstanding bonds designated as the City’s General Obligation Tax Abatement Bonds, Series 2006C, <br />dated as of August 15, 2006, having stated maturity dates of February 1 in the years 2018 through 2023, <br />both inclusive, totaling $1,565,000 in principal amount, and with the following CUSIP numbers: <br /> <br />Year of Maturity Amount CUSIP <br /> <br />2018 $205,000 536060 KE5 <br />2019 225,000 536060 KF2 <br />2020 250,000 536060 KG0 <br />2021 270,000 536060 KH8 <br />2022 295,000 536060 KJ4 <br />2023 320,000 536060 KK1 <br /> <br /> The bonds are being called at a price of par plus accrued interest to February 1, 2017, on which <br />date all interest on said bonds will cease to accrue. Holders of the bonds hereby called for redemption are <br />requested to present their bonds for payment at the main office of U.S. Bank National Association in the <br />City of Saint Paul, Minnesota, at the following address, on or before February 1, 2017: <br /> <br />U.S. Bank National Association <br />Corporate Trust Services <br />111 Fillmore Avenue East <br />St. Paul, MN 55107 <br /> <br /> Important Notice: In compliance with the Economic Growth and Tax Relief Reconciliation Act of <br />2009, the paying agent is required to withhold a specified percentage of the principal amount of the <br />redemption price payable to the holder of any bonds subject to redemption and prepayment on the <br />redemption date, unless the paying agent is provided with the Social Security Number or Federal <br />Employer Identification Number of the holder, properly certified. Submission of a fully executed Request <br />for Taxpayer Identification Number and Certification, Form W-9 (Rev. December 2011), will satisfy the <br />requirements of this paragraph. <br /> <br />Dated: __________________. <br />
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