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1988-076 Council Resolution
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1988-076 Council Resolution
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Last modified
10/31/2014 2:23:59 PM
Creation date
10/31/2014 2:10:14 PM
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City Council
Council Document Type
Master List Resolution
Meeting Date
10/03/1988
Council Meeting Type
Regular
Resolution #
88-076
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SPRINGSTED <br />PUBLIC FINANCE ADVISORS <br />85 East Seventh Place, Suite 100 <br />Saint Paul, Minnesota 55101.2143 <br />612.223.3000 $1,160,000 <br />Fax: 612.223.3002 <br />CITY OF LINO LAKES, MINNESOTA <br />GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES I 988A <br />AWARD: <br />SALE: <br />SHEARSON LEHMAN HUTTON, INC. <br />PRUDENTIAL BACHE SECURITIES INCORPORATED <br />DEAN WITTER REYNOLDS INCORPORATED <br />- And Associate - <br />October 3, 1988 Moody's Rating: Bea I <br />Bidder <br />Interest <br />Rates <br />Price <br />SHEARSON LEHMAN HUTTON, INC. 6.00% 990 <br />PRUDENTIAL -BACHE SECURITIES 6.15% 991 <br />INCORPORATED 6.30% 992 <br />DEAN WITTER REYNOLDS 6.40% 993 <br />INCORPORATED 6.50% 994 <br />PaineWebber Incorporated 6.60% 995 <br />6.70% 996 <br />6.80% 997 <br />OFIRST BANK NATIONAL ASSOCIATION 6.10% 990 <br />FBS CAPITAL MARKETS GROUP 6.20% 991 <br />NORWEST INVESTMENT SERVICES 6.30% 992 <br />INCORPORATED 6.45% 993 <br />Miller & Schroeder Financial, 6.60% 994 <br />Incorporated 6.70% 995 <br />6.80% 996 <br />6.90% 997 <br />CRONIN & COMPANY, INCORPORATED 6. I0% 990 <br />SMITH BARNEY, HARRIS UPHAM & 6.20% 991 <br />Company Incorporated 6.30% 992 <br />Marquette Bank Minneapolis, N.A. 6.45% 993 <br />Robert W. Baird & Company, 6.60% 994 <br />Incorporated 6.70% 995 <br />6.80% 996 <br />6.90% 997 <br />PIPER, JAFFRAY & HOPWOOD 6. I0% 990 <br />INCORPORATED 6.25% 991 <br />Allison - Williams Company 6.30% 992 <br />American National Bank Saint Paul 6.50% 993 <br />Moore, Juran and Company, 6.60% 994 <br />Incorporated 6.70% 995 <br />Summit Investment Corporation 6.80% 996 <br />• 6.90% 997 <br />$1,144,062.28 <br />$1,147,240.00 <br />$1,146,080.00 <br />Net Interest <br />Cost & Rate <br />$413,092.72 <br />(6.8430 %) <br />$415,035.83 <br />(6.8752 %) <br />$416,195.83 <br />(6.8944 %) <br />$1,146,196.00 $416,545.67 <br />(6.9002 %) <br />(Continued) <br />
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