Agenda Packets - 1994/04/25 - Laserfiche WebLink

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Exhibit A NOTICE OF CALL FOR REDEMPTION Taxable General Obligation Tax Increment Bonds, Series 1988A, Dated February 1, 1988 , of the City of Mounds View, Minnesota NOTICE IS HEREBY GIVEN that by order of the City Council of the City of Mounds View, Minnesota (the "City") , the City has called for optional redemption and prepayment on February 1, 1996 (the "Redemption Date") , those outstanding bonds of the City designated as its Taxable General Obligation Tax Increment Bonds, Series 1988A, bearing date of original issuance of February 1, 1988 (the "Bonds") . The Bonds being called for redemption are further described as follows: Stated CUSIP Total Principal Maturity Number Rate Called 2/1/97 9.40% $450, 000 2/1/98 9 . 50 500, 000 2/1/99 9. 60 575, 000 2/1/00 9 . 65 650, 000 2/1/01 9 .70 • 750, 000 2/1/02 9 .75 850, 000 2/1/03 9.80 950, 000 The redemption price of each Bond shall equal the principal amount thereof plus unpaid interest accrued to the Redemption Date and shall be paid upon presentation and surrender of said Bond to the paying agent for the Bonds (the "Paying Agent") , , Attention: On the Redemption Date, the redemption price of each Bond called for redemption will become due and payable, and interest thereon will cease to accrue on and after said date. The owners of the Bonds called for redemption are hereby notified to present their Bonds to the Paying Agent for such prior redemption on or before February 1, 1996 . In compliance with the Interest and Dividend Compliance Act of 1983 and Broker Reporting Requirement, the Paying Agent will be required to withhold 31% of the principal amount of Bonds to be paid as described hereinabove unless the Paying Agent is provided with the Bondholder's social security number or federal employer identification number, which requirement should be fulfilled by the submission of a W-9 Form, which may be obtained at a bank or other financial institution. Dated , 1994 . 262142.1