1989-033 Council Resolution - Laserfiche WebLink

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Exhibit A NOTICE OF BOND SALE $4,660,000 GENERAL OBLIGATION TEMPORARY IMPROVEMENT • BONDS, SERIES 1989A CITY OF LINO LAKES, ANOKA COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that sealed bids for the purchase of the above bonds will be received until 11:00, a.m., C.T. on Monday, June 12, 1989, in the offices of Springsted, Incorporated, 85 East Seventh Place, Suite 100, St. Paul, Minnesota 55101-2143, at which time the bids will be opened and tabulated for consideration by the City Council at a meeting at 7:00 p.m. on the same day. The bonds are offered on the following terms. The bonds will be dated July 1, 1989, will bear interest payable semiannually on each January 1 and July 1, commencing January 1, 1990, and will mature on July 1, 1992. The City may elect on July 1, 1991 or on any interest payment date thereafter to redeem and prepay bonds of this issue in whole or in part by lot at a price of par plus accrued interest to date of re- demption. Bidders must specify a price of not less than $4,613,400 plus accrued interest. A legal opinion on the bonds will be furnished by LeFevere, Lefler, Kennedy, O'Brien & Drawz, a Professional Association, Minne- apolis, Minnesota. The proceeds of the bonds will be used to finance a portion of the costs of various assessable public improvements in the City. Bidders should be aware that the Official Statement to be distributed for the bonds may contain additional bidding terms and information relative to the bonds. In the event of a variance between statements in this Notice of Bond Sale and the Official Statement bidders must comply with the terms of the latter. BY ORDER OF THE CITY COUNCIL /s/ Marilyn G. Anderson City Clerk -Treasurer Dated: May 8, 1989.