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2006-175 Council Resolution
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2006-175 Council Resolution
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Last modified
9/19/2014 9:49:23 AM
Creation date
9/18/2014 10:43:44 AM
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City Council
Council Document Type
Master List Resolution
Meeting Date
10/23/2006
Council Meeting Type
Regular
Resolution #
06-175
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EXHIBIT C <br />NOTICE OF CALL FOR REDEMPTION <br />$5,350,000 <br />LINO LAKES ECONOMIC DEVELOPMENT AUHTORITY <br />LEASE REVENUE BONDS, SERIES 1998A <br />(CITY OF LINO LAKES, MINNESOTA LEASE OBLIGATION) <br />ANOKA COUNTY, MINNESOTA <br />NOTICE IS HEREBY GIVEN that, by order of the City Council of the City of Lino <br />Lakes, Anoka County, Minnesota, there have been called for redemption and prepayment on <br />DECEMBER 1, 2006 <br />a portion of the outstanding bonds issued by the Lino Lakes Economic Development Authority <br />designated as Lino Lakes Economic Development Authority Lease Revenue Bonds, Series <br />1998A (City of Lino Lakes, Minnesota Lease Obligation), dated August 1, 1998 (the "Series <br />1998A Bonds "). The Series 1998A Bonds to be redeemed are (a) those having stated maturity <br />dates of February 1 in the years 2013 through 2019, both inclusive, and (b) a portion of the Term <br />Bonds having a stated maturity date of February 1, 2011, such portion being equal to the <br />mandatory sinking fund installment due on February 1 2011 ($290,000) and $55,000 of the <br />mandatory sinking fund installment due on February 1, 2010; the aggregate principal amount of <br />Series 1998A Bonds to be redeemed being $3,345,000 (the "Refunded Principal "), with the <br />following CUSIP numbers: <br />Year of Maturity Amount <br />2011 345,000 <br />2013 630,000 <br />2016 1,080,000 <br />2019 1,290,000 <br />CUSIP Number <br />The Refunded Principal of Series 1998A Bonds are being called at a price of par plus accrued <br />interest to December 1, 2006, on which date all interest on said bonds will cease to accrue. <br />Holders of the bonds hereby called for redemption are requested to present their bonds for <br />payment at the main office of U.S. Bank National Association, in the City of St. Paul, Minnesota, <br />on or before December 1, 2006. <br />299406v2 SJB LN140 -96 <br />C -1 <br />
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