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Resolution No. 90-04 EDA
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Resolution No. 90-04 EDA
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Last modified
10/9/2017 2:48:55 PM
Creation date
10/9/2017 2:20:19 PM
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EDA
EDA Document Type
EDA Resolution
Meeting Date
08/13/1990
Resolution #
90-04
Resolution Title
Awarding the Sale of $1,115,000 Public Project Revenue Bonds, Series 1990A (City of Lino Lakes Installment Contract Obligations); Directing their Execution and Delivery; and Providing for Execution of an Indenture of Trust
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4 SPRINGSTED <br />APUBLIC FINANCE ADVISORS <br />85 East Seventh Place, Suite 100 <br />Saint Paul, MN 55101-2143 <br />(612) 223-3000 <br />Fax: 612-223-3002 <br />$1,115,000 <br />UNO LAKES ECONOMIC DEVELOPMENT AUTHORITY, MINNESOTA <br />PUBUC PROJECT REVENUE BONDS, SERIES 1990A <br />AWARD: CRONIN & COMPANY, INCORPORATED <br />And Associate <br />SALE: <br />August 13, 1990 Moody's Rating: Baa <br />Bidder <br />Interest <br />Rates <br />Price <br />n <br />CRONIN & COMPANY, INCORPORATED <br />Marquette Bank Minneapolis, N.A. <br />6.30% 1995 <br />6.40% 1996 <br />6.45% 1997 <br />6.50% 1998 <br />6.60% 1999 <br />6.70% 2000 <br />6.75% 2001 <br />6.80% 2002 <br />6.90% 2003 <br />7.00% 2004-2005 <br />7.10% 2006-2007 <br />7.15% 2008-2010 <br />FBS INVESTMENT SERVICES, INC. 6.30% 1995 <br />NORWEST INVESTMENT SERVICES, 6.40% 1996 <br />INCORPORATED 6.50% 1997 <br />6.60% 1998 <br />6.70% 1999 <br />6.75% 2000 <br />6.80% 2001 <br />6.90% 2002 <br />7.00% 2003-2004 <br />7.10% 2005-2007 <br />7.20% 2008-2010 <br />Indiana Office: <br />135 North Pennsylvania Street <br />Suite 2015 <br />Indianapolis, IN 46204-2498 <br />(317) 684-6000 <br />Fax: 317-684-6004 <br />Kansas Office. <br />6800 College Boulevard <br />Suite 600 <br />Overland Park, KS 66211-1533 <br />(913) 345-8062 <br />Fax: (913) 345-1770 <br />$1,097,160.00 <br />$1,098,275.00 <br />Net Interest <br />Cost & Rate <br />$1,090,037.92 <br />(7.11532%) <br />$1,096,338.33 <br />(7.1564%) <br />Wisconsin Office: <br />500 Elm Grove Road <br />Suite 101 <br />Elm Grove, WI 53122-0037 <br />(414) 782-8222 <br />Fax: 414-782-2904 <br />
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