CC PACKET 11271995 - Laserfiche WebLink

Home Browse Search

OFFICIAL STATEMENT $2,650,000 CITY OF ST. ANTHONY, MINNESOTA GENERAL OBLIGATION TAX INCREMENT BONDS, SERIES 1995B (BOOK ENTRY ONLY) INTRODUCTORY STATEMENT This Official Statement contains certain information relating to the City of St. Anthony, Minnesota (the "City"), and its issuance of $2,650,000 General Obligation Tax Increment Bonds, Series 1995B (the "Bonds" or the 'Issue"). The Bonds are general obligations of the City for which the City pledges its full faith and credit and power to levy direct general ad valorem taxes without limit as to rate or amount. Inquiries may be directed to Mr. Roger Larson, Finance Director, City of St. Anthony, 3301 Silver Lake Road, St. Anthony, Minnesota 55418 or by telephoning (612) 789-8881. Inquiries may also be made to Springsted Incorporated, 85 East Seventh Place, Suite 100, St. Paul, Minnesota 55101-2143, or by telephoning (612) 223-3000. If information of a specific legal matter is desired, requests may be directed to Mr. Jerome Gilligan, Dorsey & Whitney P.L.L.P., 2200 First Bank Place East, Minneapolis, Minnesota 55402, Bond Counsel, or by telephoning (612) 340-2600. CONTINUING DISCLOSURE Although the principal amount of the Bonds exceeds $1,000,000, at the time of delivery of the Bonds, the City will not be obligated with respect to more than $10,000,000 of outstanding municipal securities, including the Bonds being offered hereby. The new continuing disclosure provisions of SEC Rule 15c2-12 do not apply to such small issuers for offerings commencing prior to January 1, 1996. Consequently, the City is not covenanting to provide annual financial information, notices of certain material events or any other disclosure which might otherwise be required by SEC Rule 15c2-12(d)(2). THE BONDS General Description The Bonds will be dated December 1, 1995 and will mature annually each February 1, as set forth on the cover of this Official Statement. The Bonds are being issued in global book entry form. Interest on the Bonds is payable February 1, 1996 and semiannually thereafter on each August 1 and February 1 and will be payable, together with principal, only at maturity or upon prior redemption. Principal of and interest on the Bonds will be paid as described herein. The City will name the Registrar and pay for the registration services.